The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. The Harwal Group has signed a contract to build a factory in Basra to produce the company’s new pre-fabricated housing system. Speaking at Dubai's Big 5 construction show, executive director and CEO of Harwal Group subsidiary Technical Supplies and Services Co. (TSSC), A.P. Dellapenna, said that the contract was of major significance: […]
By John Lee. The Iraqi Ministry of Construction and Housing announced on Tuesday the launch of three housing projects across the country. Al-Shorfa reports that the projects, which are expected to cost a total of 125 billion Iraqi dinars ($107 million), are intended to alleviate the country's housing crisis. The projects comprise 900 housing units, […]
By John Lee. The Iraqi government has said that construction has begun on a cabinet-approved project to build 2,500 houses for the victims of terrorism. Deputy Prime Minister Saleh al-Mutlaq said: "The project, which the industry, housing and construction ministries began last week, is an initial phase and includes Baghdad, Wasit, Babil and Anbar provinces." The […]
Ask anyone where the most expensive property is in Iraq and you might expect to hear Baghdad, the capital, or Basra, the hub of the southern oil industry. But according to this report, the highest prices are being paid for development land in Karbala, site of the shrine of Imam al-Hussein, the grandson of the […]
Prime Minister Nechirvan Barzani kicked off the nearly-$3-billion “Downtown Erbil” project on Sunday, calling the venture that is estimated to create 35,000 jobs and transform the face of the Kurdish capital, “a milestone for the Kurdistan Region.” “This project will be a source of pride and a source of income for thousands of families,” Barzani […]
By John Lee. Hill International has said it expects to see big growth in demand for construction work in Iraq, and wants to encourage more large international contractors to work in the country. Its senior vice-president and managing director of Middle East operations, Mohammed Al Rais (pictured), told Construction News: "We do not see the […]
By John Lee. Iraq's Minister of Construction and Housing has admitted that the country is likely to complete only 5 percent of the 2.5 million homes it needs to build by 2016 to satisfy demand. Mohamed Sahib al-Daraji [Mohammed Al-Deraji] (pictured) told Reuters that only 130,000 of those homes would actually be built: 30,000 by […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq plans to increase the combined capital of the only two governmental banks in the country, from about $23 million currently to about $360 million next year. Deputies in parliament say that […]
Under the patronage and presence of Nouri Al Maliki, Prime Minister of Iraq, Bloom Properties, the property development and real estate arm of National Holding, has signed a contract with the Iraqi National Investment Commission for the development of 50% of the "City of the Future - Madinat Al Mustaqbal" in Baghdad. The approximately 2.5 […]
By John Lee. American Science and Engineering, Inc. (AS&E) has announced a $3.5-million order for its cargo inspection systems from Restrata, an Olive Group company, of a major housing project in Baghdad. Restrata is acting as the security partner for the giant Bismaya development, 10 kilometers south of Baghdad. AS&E's cargo X-ray inspection systems will […]
By John Lee. The Muthanna Investment Commission has announced that a Qatari company has been contracted to build a housing project in central Samawa. Doha Investment Company won the contract for the $65 million housing complex, which will include 480 housing units, a school, a health centre and various other services, reports al-Shorfa. Some will […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has recorded a steady population growth, which reached its peak last year at 2.9% — one of the highest rates in the world, officials say. The growth comes at a […]
