The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
Aswat al-Iraq reports that projects financed by a US$90 million credit line from the World Bank have been implemented in Iraq. The projects include the construction of several roads in southern Iraq’s Wassit and Najaf Provinces, construction and rehabilitation of 10 main roads and 4 bridges in western Iraq’s Babel and southern Iraq’s Muthanna provinces. […]
A Korean delegation represented by the chairmen of companies specializing in the construction of housing units visited Baghdad within the framework of the NIC (National Investment Commission) One Million Housing Unit project. NIC Chairman, Dr. Sami Al- Araji, stressed the Koreans seriousness in implementing the One Million Housing Unit project, saying that the NIC had […]
Azzaman reports that the Iraqi government has earmarked $10 billion for the redevelopment of the low-income township, Sadr City, in Baghdad. The project, which will take 10 years to be completed is one of the largest housing schemes in the Middle East, according to Baghdad Mayor Saber al-Aysawi. Aysawi said the huge project will solve […]
An Iraqi company has won an investment license to build a residential compound in Muthanna, an official of the Muthanna Investment Commission said on Wednesday. “The MIC has granted an investment license to an Iraqi company to build a compound, consisting of 792 apartments, in Muthanna on an area of 65 donums [16 hectares]”, Ali […]
Iraq’s housing fund is falling short of its goals and will struggle to raise fresh capital after spending more than two-thirds of its budget, its director said in an interview with Bloomberg. The fund, which started in 2005 with 300 billion Iraqi dinars ($257 million), has spent 210 billion dinars building 14,000 homes in Iraq, […]
A housing project called Ayn al-Iraq, consisting of 20,000 residential units at a total cost of $2 billion, was announced during a ceremony at the Ninewa International Hotel in Mosul city, according to a report from Aswat al-Iraq. “The mega project is being implemented by 57 Iraqi and foreign companies at a cost of $2 […]
Property prices rose fast in Baghdad in recent years, going up 50% and even 100% in many places. Now, Nina News reports that property-price rises in Wasit Province, halfway between Baghdad in central Iraq and Basra in the south-east, are "insane". Prices in the province are far exceeding those of neighbouring ones. The price per […]
Dr. Sami Al- Araji, NIC Chairman, signed a Memorandum of Understanding in Seoul with a Korean company to build 500,000 housing units throughout Iraqi. The deal could have a possible total value of $25 billion, based on the previous information from the commission stating that each housing unit was expected to cost $50,000. Reuters reports […]
U.S. engineering firm World Solutions International (WSI) has unveiled a $220 million [257 billion Iraqi dinars] contract to build 2,500 housing units in Iraq, which is battling a housing shortage and in desperate need of investment. The engineering and construction company, based in Maryland in the United States, said on Thursday the units would include […]
The National Investment Commission (NIC) has just announced a string of new tenders to build "central malls, warehouses and free markets in addition to constructing residential buildings" throughout Iraq. Click here to see the full table of projects. Please submit application forms to either the National Investment Commission directly or by e-mail to [email protected] before […]
The Chairman of the National Investment Commission, Dr. Sami Al- Araji, announced that 125 companies of various nationalities have submitted offers to implement the 'One Million Housing Units' project [National Housing Project] throughout Iraq, and says that 35 companies from that list will be chosen. Dr. Araji explained that the project will be built on […]
German companies have offered to build 1,000 low-cost housing units in Karbala within an integrated housing neighborhood project for a total cost of $16.5 million, according to a report from Aswat al-Iraq. “A delegation representing a German consortium offered to Karbala's Governor Amal al-Din al-Hirr, and Provincial Council Chief Muhammad Hameed al-Moussawi, a project consisting […]
