The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
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 […]
Basra will soon become the scene of multi-billion dollar construction projects to be implemented by major foreign firms, according to a statement issued by Basra Investment Commission. According to a report from Azzaman, most of these projects will be in the city of Basra, giving it more than 70,000 new, modern apartments for low-income groups, […]
Rotondo Weirich’s (RW) UAE partner company, RW Middle East, has started work on an investment housing contract awarded to the Iraqi Developer Sama Al Douh Contracting and Real Estate Investments by the Iraqi Ministry of Housing. Sama Al Douh has selected RW Middle East to design and build the residential development in Simawah [Samawa], Iraq, […]
We would like to update you of Al-Kindi’s intentions to hold a conference on the construction and housing sector in Iraq. This is planned to be held on 7th of July 2012 in Central London. Iraq needs over 3 million housing units, modern highways, bridges and basic infrastructure. The budget for the ministry of Construction […]
AKnews reports that Kurdistan's Minister of Finance and Economy says he cannot afford to increase the housing grant. Bayiz Talabani [Bayiz Saeed Mohammad Talabani] (pictured) attended a budget meeting on Thursday to answer reports of parliamentary committees. Talabani said: "Now 18,000 staff and civil servants get paid from the Kurdistan Regional Government." It was suggested […]
Bloomberg reports that Italy’s Consorzio Stabile Italia 2010 won a $247 million contract to build 2,000 homes in Diwaniya. The project is to be completed within three years on the southwestern side of Diwaniya city, Majid al-Mehanna, spokesman for the Diwaniya Investment Commission, told the agency on Wednesday. He added that the province needs 100,000 […]
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 […]
