The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
The governor of Wassit, Mahdi al-Zubaidi, laid the cornerstone on Friday for a 31-billion-dinar ($26 million) project to develop residential areas in the city of Kut. According to the report from Aswat al-Iraq, the project will be completed within 720 days by a Polish company. (Source: Aswat al-Iraq)
Iraqi Kurdistan needs to spend 200 billion dinars ($172 million) a year on homebuilding, an adviser to the housing ministry, Ammar al- Najjar, told Bloomberg in an interview. “We are capable of resolving the housing crisis in the coming 10 years through building 5,000 units a year ...We’ll need 200 billion dinars a year to […]
The National Investment Commission (NIC) has opened a center for the Bismayah New City project at the Baghdad International Fair. It will receive citizens registered and wishing to register for housing units in the project for the three sizes of housing unit: 100 m², 120 m², and 140 m². NIC Chairman, Dr. Sami Raouf al-Araji […]
Iraq has signed a $55 million contract with Turkey’s Bilal Insaat to build 1,200 housing units in the northern province of Kirkuk, according to the Kirkuk Investment Commission. The residential compound, to be caalled New Haweeja City, will be completed within 30 months in al-Haweeja town in Kirkuk province. According to the report from Bloomberg, […]
Iraq's Minister for Construction and Housing, Mohammed Sahib al-Daraji [Muhammad Sahib Al Darraji] (pictured), met with the German ambassador in Baghdad to discuss cooperation on road projects, bridges and the construction of residential complexes. Minister Al-Daraji said: "German companies have a great reputation in the field of processing modern equipment and machinery. Iraq is about to […]
According to a report from Bloomberg, Iraq has signed the contract with South Korea’s Hanwha Engineering & Construction to build 100,000 residential units in Baghdad. Salah Abdul Razzaq, Baghdad’s governor, said more than 30,000 people are registered for the units so far, adding that the project will secure 100,000 jobs. Previous reports put the value […]
Iraq's minister for construction and housing plans to spend $9.8 billion on roads, bridges and housing between now and the end of 2016, reports Bloomberg. Mohammad Saheb al-Darraji (pictured) said the country is budgeting $5.8 billion for roads and bridges and $4 billion for housing. The current annual budget is $112 billion. The country needs 2.5 […]
Sarmad Al-Khudairi, CEO of Al-Fayha Building Solutions, one of the biggest industrial contractors and service providers in south Iraq, is focusing resources on its precast concrete business in response to soaring demand, according to a report in Construction Week. He told CW in an interview: “We are focusing on our main business, which is the […]
Bloomberg reports that Iraq’s Kayar Group and Jawaharat Alrawabi have signed a $249 million (290 billion Iraqi dinar) contract to build 3,827 housing units in the south of Diwaniya city. Ahmed Hisham, president of the Diwaniya Investment Commission told the agency: “We are also styuding designs for other companies to build 15,000 residential units. Some […]
Iraq's Minister of Reconstruction and Housing, Mohammed al-Daraji [Darraji] (pictured) has announced details of the new Zubair Residential Community in Basra province. The project will be built on a site of 56 donums (14 hectares )at a cost of 119 billion Iraqi dinars ($102m). The entire project includes two blocks: block A with 8 flats and […]
The National Investment Commission is pleased to announce the investment opportunity to construct a complete residential complex for the employees of the Shiite Endowments Directorate in Baghdad - Karrada district within a total area of (60) acres in accordance with the Investment law No. 13 of 2006 as amended and according to the requirements set […]
The Iraqi Prime Minister, Mr Nouri Al Maliki visited the Copperchase – 4th Dimension Al Ghadeer Village Project on April 9th 2012. Mr Al Maliki’s visit endorses the excellent works carried out by the UK-Iraqi partnership in building low-cost housing as a part of the reconstruction efforts in the country. The Al Ghadeer Village is […]
