The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A Committee For Reconstruction – The Cure For Iraq’s Economic Woes? Thanks to security problems, political bickering and a lack of vision, there are thousands of development and construction projects […]
Prime Minister Nechirvan Barzani yesterday chaired a meeting of the Kurdistan Region’s High Council for Investment to discuss various issues related to investment and the economy. In the meeting, implications of the current situation and the latest developments in the Kurdistan Region were discussed, as well as the economic crisis and the effects that Baghdad’s […]
By John Lee. Iraq's minister of housing and construction Mohammed al Daraji has announced the completion of a 500 unit housing complex in Najaf, Iraq. Iraq is currently in the middle of a major drive to build 2 million new housing units, and a number of international construction firms are working on projects within Iraq […]
Prime Minister Nouri Kamil al-Maliki has opened the new Hanwha Precast Concrete Plant at the Bismayah New City development near Baghdad. Speaking at the event, he said that “this project is our dream that has come true because it reflects our hope to provide housing units for all Iraqi people who were deprived of their […]
The vast Empire World real estate development -- the largest such development in Iraq -- is a centerpiece of the KRG's continued emphasis on creating a business friendly environment, including a luxury hotel, a villa residential neighborhood, and a surfeit of turnkey office space, all in one sprawling complex. Slated for completion in 2017, the […]
By John Lee. South Korea's Hanwha Engineering and Construction has said that it has received an additional $511 million in advance payment for its Bismayah New City Project (BNCP), located 10 kilometers southeast of Baghdad. According to a report from Yonhap News, this brings the amount of money the builder has received so far for […]
By John Lee. Baghdad governor Ali al-Tamimi has announced the completion of a plan for 1500 new housing units in the Baghdad governorate. The moves comes as the Iraqi government recently announced it would be falling short of its target of 2.5 million new housing units to meet demand. Housing and Construction minister Mohammed al-Darraji […]
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, […]
Iraq's National Investment Commission (NIC) decided to reduce the down payment required to buy housing units at the new Bismayah development. NIC Chairman Dr. Sami al-Araji said that following requests from the public, the down payment would be reduced from 25 percent to 10 percent. He added that work at Bismaya, the biggest housing project […]
By Omar al-Jaffa for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In Iraq, the early election media campaign has taken various forms. Notably, the government has started giving away residential land in return for votes. In an interview with Al-Monitor, writer and political […]
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, […]
