By John Lee. Bloom Properties, the Dubai based multi sector subsidiary of National Holding, has won a major housing development in the Karbala governorate after signing an agreement with the provincial governor Amal al Deen al Hir and the Iraqi National Investment Commission. The 40,000 housing unit development will be constructed in phases over eight […]
By John Lee. Iraq's housing minister Mohammed al-Darraji says that the country is planning to spend $5bn on new housing units in the next 3 years, but that the required 2.5 million new units will not be complete on time to meet demand, Rebuilding Iraq reports. Currently there will only be 130,000 new units by next year, […]
By John Lee. The head of the Baghdad Investment Commission (BIC), Shakir al-Zamil [Shaker Shabib] (pictured), said he recently authorized the construction of 2600 housing units for the Ministry of Higher Education and Scientific Research. Azzaman reports him as saying that private and foreign investments are pouring into Baghdad, despite the latest upsurge in violence. He […]
As markets continue to saturate in the region, Iraq emerges as a new destination for investors in the hospitality and aviation sectors.
Iraq Ministry of Water Resources said that it has a plan to establish more than 30 dams in Iraq in order to irrigate agricultural land and to provide drinking water for the habitation regions and stressed that these projects will be implemented in the upcoming years because they cost a lot.
The investment commission in Basra has given an investment permit to establish a shopping complex in the north of the city at a total cost of $3.27 million U.S. dollars.
