The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. UAE-based Bloom Properties has announced that it has signed a deal to build a massive new housing project on a 20 square kilometer site on the banks of Lake Razaza in Karbala. Construction Week Online reports that the company will develop up to 40,000 housing units in four different districts over a […]
By John Lee. The National Investment Commission (NIC) has announced its intention to sign a contract with the local government of Karbala province to build 40,000 houses. NIC Chairman Sami al-Araji (pictured) said the housing complex (Thifaf Karbala), will be built by the UAE-based Bloom Properties, and is expected to be completed within eights years. (Source: […]
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 Iraqi National Investment Commission (NIC) is facing major problems in marketing units in the largest residential project in the country, despite the growing housing crisis in the capital of Baghdad. […]
The province of Basra has awarded Dewan Architects and Engineers the contract to design the sprawling Al Nakheel City, for which the foundation stone was recently laid. As a modern urban development, the Al-Nakheel City is expected to provide world-class and modern sustainable living, working, and living solutions for the population of Basra and help alleviate […]
By John Lee. Iraq’s Minister of Housing and Reconstruction, Mohamed Sahib al-Daraji [Mohammed Al-Deraji] (pictured), has announced that the Housing Fund has finalised contracts with nine investment companies to build new housing complexes. Together, these projects will provide 18,000 residential units. The minister added that the relevant engineering, technical and legal commissions are working on […]
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Sami al-Araji, has signed a strategic memorandum of cooperation with the chairman of the Korea Trade-Investment Promotion Agency (KOTRA), O Young Hu [Young Ho Oh], to increase investment and trade between the countries. During his speech, Dr al-Araji reviewed the investment opportunities available […]
By John Lee. Iraq's Council of Ministers has allocated 9,600 acres to create a new residential city in Basra. The statement from the Council's secretariat says that the plan is to create 100,000 new residential units in the city. (Source: Iraqi Cabinet)
By John Lee. Iraq’s Minister of Housing and Reconstruction, Mohamed Sahib al-Daraji [Mohammed Al-Deraji] (pictured), has launched an initiative to establish a unified Arabic house design. During a conference of Arab Ministers of Housing and Reconstruction, the minister said: "Starting from 2013, the modern designs will match the modern construction techniques and the old forms […]
By John Lee. The Governor of Maysan [Missan] province, Ali Dawai Lazim, has met the Planning Minister Ali Shukri (pictured) to discuss developments in the region. During the meeting, the Minister approved the allocation of funds to build 1,000 residential units in Maysan. (Source: AIN)
By John Lee. The Iraqi Housing Fund has approved about 39,000 housing loans since it started operations in March 2005, and the rate of activity is accelerating. The fund's general director, Burhanuddin al-Bassam, told Mawtani: "In previous years we processed dozens of citizens' applications for loans every day, but now the numbers range between 700 […]
By John Lee. Iraq's Minister of Housing and Reconstruction, Mohamed Sahib al-Daraji [Mohammed Al-Deraji] (pictured), has asked the government to allocate $3.5 billion every year to alleviate housing shortages in the country, reports Azzaman. He said Iraq needed 60,000 housing units every year as well as a massive housing reconstruction program for the building of […]
Karbala Investment Commission has laid the cornerstone for the housing complex in the Zahra neighborhood in Hindiya district, southern Karbala. The deputy chairman of the Commission, Ahmed al-Maliki, said the project would involve 500 housing units, an elementary school, kindergarten, nursery, markets, public parks and infrastructure services. It will be built on a 60-acre site […]
