The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
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 […]
Hill International has announced that it has been awarded a contract from the State Housing Commission (SHC) of the Iraq Ministry of Construction and Housing to provide project management oversight (PMO) consulting services in connection with various housing developments throughout Iraq. The two-year contract has an estimated value to Hill of approximately $5.7 million. Raouf […]
By John Lee. Italy's Techint Engineering and Construction has won a $387.8 million contract to build housing for workers at the Zubair oil field, reports Fox Business. Techint will build a village for workers and a regional office for operating partners in the field, the Iraqi council of ministers said, adding that work in the […]
By John Lee. AIN has reported that the Prime Minister and the Chairman of the Supreme Investment Council of Kurdistan Region, Nechirvan Barzani (pictured), confirmed the government policy of supporting people on low incomes by granting them housing units. Following a meeting for the Supreme Investment Council, that was attended by the Deputy Chairman Emad […]
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. The strenuous efforts exerted to handle the housing crisis were quickly rendered useless when the ratified 2013 general budget did away with the allocations for the housing fund, which was to […]
By John Lee. Iraq's Ministry of Construction and Housing has announced an investment opportunity in the governorate of Nasiriyah to build a residential complex for Ministry staff and state employees. The project is located on a 250,000 m2 site on the island of Kushmarah, on the highway in the northern part of Nasiriyah city, adjacent […]
