The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
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 […]
The Iraqi government has allocated $2 billion [2.4 trillion Iraqi dinars] to build low cost housing for ‘limited income families’, the country’s Minister of Reconstruction and Housing, Mohammed Al Daraji, said during a press conference Baghdad.. The project should begin in 2012, provided that the Iraqi Cabinet determines the distribution mechanism. The minister said that […]
The Iraqi National Investment Commission (NIC) signed a $7.25 billion deal to build one hundred thousand housing units as a complete neighborhood East of Baghdad. The signing ceremony with Hanwha Engineering & Construction, one of the largest engineering and construction companies in South Korea, took place at the Iraqi Prime Minister's Office Nouri Al-Maliki this […]
A delegation from Kahlid Group in the United Arab Emirates has revealed intentions to invest in a refinery in Dhi Qar, Iraq, capable of processing 300,000 barrels per day, according to Aswat Al-Iraq. The request is still to be submitted to the Iraq Ministry of Oil, but the project should involve work placements for 6,000 people. […]
The next city to get some surgery to help restore Iraq's former glory is Najaf, a city of more than half a million inhabitants about 160km south of Baghdad, and home to the religiously important Imam Ali Shrine. Work on the historic center should begin soon and is expected to be completed on time for […]
The Basra Investment Commission announced that it has received an offer to build 5,280 housing units in the “New Basra” City at a cost of $939 million [1100 billion Iraqi dinars]. The offer came from the al-Saqr al-Jareh [al-Saqar al-Jareh] company, whose director general, Sarah Hameed Meran, said, "The project plan includes the construction of […]
Iraqi minister for reconstruction and housing said throughout 2011 some seven housing projects will be constructed in seven Iraqi provinces. AKnews reports that the flats will be allocated to 12,600 families in installments. Mohammed Daraji told AKnews on Thursday that the Iraqi Prime Minister Nouri al-Maliki has ordered the creation of the units in Kirkuk, […]
According to a report from Azzaman, the Province of Najaf is to build 10,000 flats to house school teachers as part of a new policy to upgrade education in schools across the province. Governor Adnan al-Zarqai said his local administration has decided to place more emphasis on developing all aspects of education in the province. […]
The Sunni Endowment, during its 1st investment conference, offered opportunities on Saturday to build 100,000 housing units all over Iraqi provinces, on lands it owns, within a three-year period, according to a report from Aswat al-Iraq. “The Endowment has already obtained a go-ahead from the Iraqi National Investment Commission (NIC) to build these units as […]
Iraq’s Mortgage Bank has decided to raise the personal credit, granted for any citizen planning to build a house, to 60 million Iraqi dinars [$53,000], the Bank’s Director-General, Hussein Ahmed Tu’ma, said on Wednesday. He said that the minimum total area of each patch of land would be decreased to 90 square meters from 100 […]
Bloomberg reports that Iraq will sign a contract with Arab investors next month for a $15 billion [18 trillion Iraqi dinars] housing project . One investor from the United Arab Emirates and another group of companies from the U.A.E. and Kuwait are the finalists in the bidding process, Saber al-Issawi, the governor of Baghdad, said […]
By Tariq Abdell, Iraq’s political risk analyst, and Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. In light of ongoing socio-political changes in MENA region, Iraq's massive protests, from Zakho to al-Faw, accentuate the political astuteness and […]
