The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. Baghdad Provincial Council and the National Investment Commission (NIC) plan to build four new housing complexes in Baghdad by 2013. Intended for people on low income, the houses will be built in the districts of Rashid, Dihna, Basmaya and Mahmudiya. Bushra Abdul Amir, Deputy Chairman of the Administrative Committee at Baghdad PC, […]
By John Lee. The director of Karbala Investment Commission has announced that the cornerstone for a major housing complex has been laid. Ta'if Abdul Hussein told Aswat al-Iraq that the project will be implemented by a Turkish company along the highway linking Karbala and Najaf. The project consists of 1260 housing units, with associated infrastructure, […]
More housing is to be built in Baghdad, as two deals for 2,000 homes apiece were signed for a total of USD365m. Kar Construction & Engineering will build 2,016 homes in the north of Baghdad over four years, after signing a contract for $185m, according to Shaker al-Zamili, president of the Baghdad Investment Committee announced today. […]
By John Lee. An MP and member of parliament's the Economic Committee has described the giant Basmaya [Bismayah] City housing project as "failed", and says "the National Investment Commission (NIC) will not be able to implement it." Azez al-Mayahi, of the Iraqiyya party, demanded that the NIC clarify that status of the project, according to […]
By John Lee. An Iraqi firm is to carry out the first big residential project in eastern Karbala, at a cost of $63 million (76 billion Iraqi dinars). Abbas Nasser Hassani head of the reconstruction and strategic planning committee of the Karbala council, told Aswat al-Iraq news agency: "An Iraqi firm was awarded the license […]
By John Lee. A Russian business delegation has visited the city of Ramadi to investigate investment opportunities in Anbar province. Saadoun Obeid al-Shaalan, head of the provincial council, told NINA news agency: "The delegation represents a group of leading Russian companies specialized in the manufacture of large power stations, the production and distribution of electricity, […]
By John Lee. Vehbi Orakçı (pictured), a former mayor of Istanbul’s Beylikdüzü district, has reportedly signed a $600-million deal for a construction project in Baghdad. “The project includes nearly 6,500 buildings, 325 offices, 325 residential apartments and a 60,000 square-meter shopping center. The total cost is $600 million, but the sales volume is expected to […]
By John Lee. Baghdad Investment Commission has announced that a Turkish company is interested in building large residential projects in downtown Baghdad. According to AIN, a statement by the Commission said: "The Chairman of the Investment Commission Shaker al-Zamili [Shaker al-Zamili, Shaker A Shabib] (pictured) received a delegation from the Turkish Techno Group Company which […]
By John Lee. The Thi Qar Investment Commission has approved an Investment License for a $60 million (USD) affordable housing project being developed by Iraq Dream Homes, LLC, a U.S. affordable housing development firm. The housing project “An Nasiriyah Dream Homes-Phase I” consists of 400 units of single-family affordable homes in a master-planned, sustainable community […]
By John Lee. Iraq's Minister of Science and Technology, Dr. Abdul Kareem Al-Samarra’yie [Abdul-Karim al-Sammaraie, Abd al-Karim al-Samarrai], has signed a contract with the "Bank Company for Construction Contracting" to build an integrated residential complex for the employees of the Ministry in Tuwaitha site. A statement by the ministry quoted the Minister as saying "The […]
By Padraig O'Hannelly. Early last year, Iraq Business News interviewed Mohammed Alkhouzai, the head AMH Group, which, which along with a consortium of multinational companies was preparing to break ground on an exciting new project to build more than 10,000 housing units in Diwaniya. I spoke recently with Mr Alkhouzai, who confirmed that they are […]
Bloomberg reports that Iraq has agreed a $245 million contract with IIAJ Ltd, of the the United Arab Emirates, to build 1,083 housing units in Diwaniya. The al-Zahra residential compound is to be completed within two years on the southwestern side of Diwaniya city, a spokesman for the Diwaniya Investment Commission told the news agency. The […]
