The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
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 […]
AKnews reports that the United Nations High Commission for Refugees (UNHCR) is currently constructing 1,000 new homes in Baghdad for Iraqi refugees abroad returning to their homeland, with further housing projects in the pipeline. The Iraqi Minister of Migration, Dindar Doski, told the news agency that the UNHCR’s housing projects came about after a call […]
Iraqi firm al-Faw this week started to build a US$50m housing complex in Iraq's third largest city, Mosul, according to Aknews, at the same time that two more complexes are announced. The Mosul project will create another 100,000 housing units, three schools, a shopping complex and four health centres. It is due to be completed […]
The Karbala Investment Commission laid the cornerstone for four housing developments valued at a total of $850 million [1 trillion Iraqi dinars], and consisting of about 11.000 housing units, Media Director Raed al-Asali told Aswat al-Iraq: The first project will be carried out by a Chinese company to erect 1,300 housing units in Hur area, […]
Iraqi Media reports that a British company called 'Mayfair' has proposed a $300 million housing project to Basra Investment Commission. Other sources suggest that the company is in fact the Indian-based Mayfair Housing. Head of the BIC Haider Ali Fadel reportedly said the project would be funded by the World Bank. The project includes the […]
The Chairman of Basra Investment Commission has called on Korean companies to study the city’s investment map and consider th opportunity to build 80,000 housing units in the city. The issue had been discussed in a meeting between Haider Ali Fadhel and Basra Governor, Khalaf Abdul-Samad, with the South-Korean Ambassador to Baghdad and his delegation […]
