By John Lee. Options for restarting the stalled Bismayah housing project were discussed at a meeting between the National Investment Commission (NIC) and the South Korean Ambassador to Iraq, Lee Joonie, on Sunday. According to the NIC, the meeting reviewed the current status of the project and examined options for settling outstanding financial dues, including […]
By John Lee. Loans for contractors on residential units at the Bismayah housing project are to be released through Rafidain Bank, following an emergency meeting between the National Investment Commission (NIC) and the Ministry of Finance. NIC Chairman Adel Dakhil Muhammad al-Yasiri met with Finance Ministry Undersecretary Dr. Ali Karim Hussein on Thursday to resolve […]
By John Lee. Progress on the Bismayah housing project and outstanding funding issues were discussed at a meeting between Iraq's National Investment Commission (NIC) and representatives of South Korea's Hanwha. NIC Chairman Adel Dakhil Muhammad al-Yasiri received Hanwha's project representative, Yong Jae Park, along with his delegation on Wednesday. Al-Yasiri stated that he was fully […]
By John Lee. Iraq reportedly aims to reduce its housing deficit by up to 50% by 2030 under a new national housing policy. According to the state-run Iraqi News Agency (INA), the Ministry of Construction, Housing and Municipalities announced the National Housing Policy (2025-2030) on Friday, describing it as a comprehensive roadmap developed in cooperation […]
By John Lee. The Iraqi Ministry of Oil has confirmed that it is going ahead with the floating terminal project for importing liquefied natural gas (LNG), stressing its importance for securing electricity generation. The Ministry said that the Council of Ministers and the Ministerial Energy Council have approved implementation mechanisms, including inviting six companies to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated gas turbine unit No. 13 at the Bismayah Gas Power Plant, adding 300 MW to the facility's output. He also opened refurbished units that restored around 210 MW, bringing the plant's total generation capacity to 5,000 MW. Al-Sudani praised the efforts of the private sector, […]
By John Lee. The National Investment Commission (NIC) has reportedly announced that applications for housing units in the Bismayah Residential Project will reopen only after the resumption of work by South Korea's Hanwha Engineering & Construction, the company contracted to complete an additional 70,000 housing units under a new phase of the project. NIC spokesperson […]
By John Lee. The National Investment Commission (NIC) has announced two 15-year investment opportunities for the management and maintenance of Bismayah Residential City, under the provisions of Investment Law No. 13 of 2006 (as amended). Each opportunity covers one of the city's residential blocks, with companies permitted to apply for one or both. The selected […]
By John Lee. Iraq's Council of Ministers has approved direct contracting with Turkiye's Karpowership Group to enhance electricity supply during the high-demand summer period. The contracts will add 650 megawatts through the deployment of power ship. In a parallel move, the Cabinet also approved the launch of a Floating Storage Regasification Unit (FSRU) project for […]
By John Lee. The State Company for Oil Projects (SCOP) has completed a major horizontal directional drilling (HDD) operation to lay a 42-inch gas pipeline beneath the Tigris River in the Sayafiyah area, as part of the Mahmudiya-Bismayah project. The crossing spans 600 metres in length and reaches a depth of 22 metres, making it the […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the construction of 10,000 serviced residential plots in Nahrawan, Baghdad, as part of the government's broader housing initiative. The 2,500-donum project aims to provide integrated infrastructure, including water, electricity, roads, schools, and healthcare facilities. Al-Sudani emphasized the government's strategy of expanding towards urban outskirts to alleviate […]
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, has announced the signing of a pivotal addendum to the contract for the Bismaya Residential City project. The agreement focuses on: Implementing Infrastructure and Social Services: Ensuring essential facilities and public services in the city. Completing 70,560 Housing Units: Resuming […]
