The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. Two construction projects in Baghdad, with a combined value of more than $40 million, have been granted to Jordanian companies. The news was revealed during a visit to Iraq by the Jordanian Minister of Public Works and Housing, Yahya Al-Kasabi, during which he met with the Mayor of Baghdad. The Mayor also […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Future Investment Opportunities in Rafeel City Project Construction of housing compound in Missan (Maysan) (Source: National Investment Commission)
By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source: […]
By John Lee. Erbil-based Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd has won a contract with the United Nations Secretariat for the post-conflict reconstruction of 21 low cost core housing units In Yathrib Sub-District, Balad district, Salah Al Din Governorate, Iraq The contract is valued at $428,835. (Source: UNGM)
By John Lee. The Chairwoman of Iraq's National Investment Commission (NIC), Suha Daoud Najjar (pictured), has said that the new Rafael [Rafeel] City project in Baghdad will change the direction of investment and reconstruction in Iraq, describing it as "an urban revolution by all modern standards of construction and designs." She added that the vast […]
The ninth cabinet of the Kurdistan Regional Government (KRG) started 27 multisectoral projects from March 2020 to June 2021, as it reaches the 2nd anniversary since its foundation. The KRG invested $332 million on housing projects, developed a $250 million wheat marketing project, distributed $2.56 billion worth of business licenses, and completed the MED Steel […]
By Omar Sattar for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq plans new city next to capital In order to find solutions to the chaos in Baghdad due to overpopulation, the Iraqi government plans to launch a new city […]
By John Lee. The Iraqi Council of Ministers held its regular session on Tuesday, chaired by Prime Minister Mustafa Al-Kadhimi. Regarding the housing crisis, the Prime Minister clarified that the government plans to distribute 550,000 plots of residential land to citizens in a first phase of allocation. He added: "Every Iraqi family has the right […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraqi government takes on housing crisis The Iraqi government is mulling over several housing projects to solve the mounting housing crisis. Click here to read the full story.
By John Lee. The Iraqi cabinet has agreed to grant the Dubai-based Emaar Properties a plot of land for development at Baghdad International Airport (BIAP). The 1,000 acres will be used for a new residential area with integrated facilities, and a cultural and sports club with a golf course. (Source: Govt of Iraq)
By John Lee. At their regular Cabinet meeting on Tuesday, Iraq's Council of Ministers approved the establishment of a new city around Baghdad International Airport (BIAP). The new city will be called Rafael [Rafeel], and it will cover 10,600 acres. The cabinet added that, "it will be available for investment opportunities, provided that the land […]
By John Lee. The Central Bank of Iraq (CBI) has announced increased funding for the housing sector, and the cancellation of interest on "old and current" loans. It said it has allocated 1 trillion dinars [$685 million] to the Real Estate Bank and about 900 billion dinars [$616 million] to the Housing Fund. (Source: CBI)
