The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
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 […]
Wasit Investment Commission has approved the construction of 254 houses, at a cost of $30m, in Mowafaqiya district, 30km southwest of Kut. According to the report from AKnews, the 'Residential Rescue Ship' housing project, to be launched next week, will provide basic services, including a health center, fire station and shopping centers. A Turkish-Iraqi company […]
Iraq's Ministry of Construction and Housing is looking at ways to privatise their PMCM (Project and Contract Management) by bringing in an international consulting form to supervise the extensive construction works that are running and planned over the next 24 months. “We want to look at getting a company to contract in Project Management staff […]
Bloomberg reports that Jordan’s Aphrodite Trading Company has won a $240 million [285 billion Iraqi dinar] contract to build 2,500 housing units in the city of Tikrit in northern Iraq. Jawhar Hamad, the president of Salahuddin Investment Commission, told the agency that the project will be completed within three years. The province needs 19,800 residential […]
Iraq's Minister for Housing and Construction, Mohammed Sahib al-Darraji, spoke to Gavin Jones for Iraq Business News: The Ministry of Housing and Construction is responsible for building over 2 million houses between now and 2015, as well as several thousand kilometres of highway and several dozen schools, hospitals and various other infrastructure projects; it's a […]
Thi Qar [Dhi Qar] Investment Commission has granted a new investment licence to build 850-housing units in Shatra, in the north of Nassiriya city. The project, to be implemented by an Iraqi company, will cost $150 million [180 billion Iraqi dinars]. Another housing complex with a costing $16.5 million, and a $15 million shopping mall […]
