The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
The deputy chairman of Wassit provincial council, Mehdi al-Mussawi, told Aswat al-Iraq that it has signed a memorandum of understanding (MOU) with an Iranian company to build a 500-megawatt power station on a deferred payment basis, in addition to a 400-bed hospital and 5000 flats housing complex. The MOU, which the approval of the electricity […]
The Claremont Group has expanded its international development operations into the rapidly growing commercial and residential real estate market in the Kurdistan region of northern Iraq. The New York-based real estate firm has launched construction on a major modern residential community in the region's capital of Erbil, Iraq's most secure and fastest-growing city. The Atlantic, […]
The Iraqi government has decided to allocate $21 billion USD (25 trillion IQD) to implement the Rashid Housing project. AKnews reports that the preliminary negotiations with the UAE-based contractor, Maabar, are completed, and the final contract will be signed by the end of 2011. Rashid Barracks in Baghdad were used by the former Iraqi army […]
Abu Dhabi-based developer Al Maabar has said a $10bn deal that was announced three years ago to build thousands of homes in Iraq has not yet been finalised, The National has reported. "When you have [a] big deal like that, you need to make sure all the terms and conditions are in place," said Al […]
In conjunction with the Shiite Endowments Authority, the National Investment Commission (NIC) has announced an investment opportunity to construct a housing complex in Baghdad on the lot numbered 16/207 M4 - Kerada (total area of 60 donums). Investment license applications can be found on the One Stop Shop page of the NIC's website. Applications should […]
Iraq's National Investment Commission (NIC) has announced that it has finalised the fundamental designs for the project to build 100,000 housing units in Bismaya. The units are to be built on a site of 8,000 donums (2,000 hectares), and will accommodate 500- 600,000 Iraqi citizens. NIC Chairman, Dr. Sami al-Araji, said in a press conference […]
The Iraqi Council of Ministers has licensed 16 Italian companies to invest in housing projects in Iraq, according to AKnews. Salam al-Qurayshi, an advisor for the Council, told the agency that the companies will construct more than 12,000 houses for government employees in six provinces: Babel, Basra, Dhi Qar, Karbala, Muthanna and Maysan [Missan]. The […]
Najaf Investment Commission announced on Tuesday that it has granted two investment licenses worth a total of $56 million. According to AKnews, one is to build a residential complex in Manathira district, and the other is to build a tourist hotel in Najaf city. Wafi al-Bahhash, the head of the commission, told AKnews that the […]
A South Korean firm said on Saturday that it will build a 100,000-unit housing development south of Baghdad, according to a report from AKnews. At the end of a visit to South Korea in April, Prime Minister Nouri al-Maliki signed a number of contracts in the areas of economy, construction and energy. A group of […]
This article was written by Abeer Mohammed, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq may face a major housing crisis […]
The Chairman of Karbala's Provincial Council has announced that a Turkish company proposed building high-rise housing blocks to help tackle the housing crisis in the province. Mohammed al-Mussawi told Aswat al-Iraq that the company specialises in the construction of hotels and housing units. He said the Investment Commission held talks with a Turkish company to […]
The capital of Iraqi Kurdistan is seeing a building boom, as developments go up at around the same rate as real-estate prices rise. Despite all the construction, though, the average citizen still can’t afford their own home. At times Erbil resembles a building site. Construction sites, both residential and commercial, dot the cityscape. Yet the […]
