The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
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)
By John Lee. Prime Minister Mustafa al-Kadhimi has said the Iraqi Government is working on a national project to distribute plots of land to citizens. In a statement following Tuesday's cabinet meeting, al-Kadhimi added: "In order to prevent any manipulation, and for the sake of justice in the distribution of entitlement, there will be an […]
By John Lee. An Iraqi court has sentenced the director of the Baghdad Star [Najmat Baghdad] housing project to two years in prison and fine of IQD 10 million on a charge of bribery. According to Iraq's Supreme Judicial Council, the director giving an employee money to get investment licenses in Baghdad. (Source: Iraq Supreme […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar, has said that the coming year will see investment opportunities in each Iraqi province, similar to the Bismaya City housing project in Baghdad. She made the announcement at a recent meeting with the heads of the provincial investment commissions of Kerbala, […]
By John Lee. Iraq has reportedly announced plans to build affordable homes for workers in Karbala. According to Trade Arabia, large plots of land have been already allocated for the project, which will be funded by local investors and the General Federation of Iraqi Workers. More here. (Source: Trade Arabia)
By Ali Abdulhadi al-Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is facing a difficult housing crisis due to oil prices dropping amid the coronavirus pandemic. Click here to read the full story.
The United Nations Human Settlements Programme (UN-Habitat) welcomes an additional contribution of USD 3.6 million from the Government of Japan to support reconstruction and peacebuilding in Iraq through the rehabilitation of war-damaged houses and construction of low-cost housing units in Sinjar, Ninewa Governorate. Under the new phase of this project, UN-Habitat will improve living conditions […]
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Housing Compound in Kirkuk Passenger Station in Kirkuk (Source: National Investment Commission)
