The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
A Romanian company has received initial approvals to implement a residential project in Basra, according to an official from the Basra Investment Commission (BIC). “The BIC granted its initial approval to a Romanian company to carry out a residential project, which will include 6200 units in al-Kazieza region, northern Basra,” the source told Aswat al-Iraq […]
Iraq's developing situation continues to astound me when I contrast it with much of the west. Take the UK, where Prime Minister David Cameron has on 20 October announced £81bn ($127bn) of cuts from total government expenditure of £661bn ($1,040bn), the largest budget cuts in decades by a large margin. All this it needs to […]
...and it looks like it is going to get it. Iraq has lofty investment targets for the next five years. Sami al-Araji, chairman of Iraq's National Investment Commission, told Reuters: "We'd like to go ahead and shoot for $600 billion. We hope of course we can realize it, but we will be very happy if we […]
The foundation stone for a project to build 1,000 housing units for the Political Prisoners Association in Basra for was laid on Thursday, according to the PPA chief. “The implementation of this project in Basra mirrors the central government’s care for political prisoners and recognises their sacrifices under the former regime,” Jassem Muhammad Jaafar said […]
Urban and economic progress in Kurdistan continues with many relatively stable areas and regional policy both being attractive to foreign investment. Developments in oil, too, will not be affected by delays in forming the next Iraqi government, the local government says. The Kurdistan Regional Government points to its profit-friendly legislation including ten-year tax breaks and land set aside […]
The Ministry of Construction and Housing (MoCH) in Iraq marked World Habitat Day by launching the Iraq National Housing Policy in a ceremony held in Baghdad. The policy will respond to housing needs in Iraq and ensure the right of housing and adequate shelter is granted to all people in Iraq. Iraq’s housing shortages stand […]
A source in the Iraqi Ministry of Reconstruction and Housing said on Wednesday that the country’s “housing crisis” will be resolved by 2020 according to a plan devised by the government. Istabraq al-Shok [Istabraq Al-Shouk], the Deputy Minister of Construction and Housing, told AKnews the government will build “two million housing units of international quality.” […]
The Baghdad Municipality is to build three major housing projects in the capital’s outskirts for low-income families. Azzaman report that the projects, work on which is to start soon, will include 395,000 housing units and will be sold to low-income families at reduced prices, according to Hakeem Abedzahra, the municipality’s spokesman. The first project of […]
A Dutch company will design a model for low-cost housing in Maysan [Missan], a spokesperson for the Dutch companies in Missan last week. “A Dutch group specialized in housing projects has agreed with the State Ministry for Marshes Development to design low-cost houses,” Jaseb al-Marsoumi told Aswat al-Iraq news agency. “The government will receive the […]
An Iranian delegation has made an offer to the Baghdad Investment Commission to build 100,000 residential units in the Iraqi capital. “The delegation informed the commission that the units will be designed to modern standards, and will be funded through investment,” the commission said in a statement received by Aswat al-Iraq news agency. It noted […]
Dr Sami Al Araji, chairman of Iraq's National Investment Commission, has said the government has selected 35 international firms to build one million new housing units across the country, Arabic Al Sabah newspaper has reported. The firms were selected from 117 applicant companies, and are reportedly from U.S., Canada, Turkey, Spain, France, Germany and South […]
The head of Maysan Investment Commission, Ra'id Sa'iy, announced that "Maysan province needs about 70,000 housing units currently". He stated to the National Iraqi News Agency (NINA): "We need the investment companies to implement cost-efficient housing projects for all levels of society." "Environmental conditions should be considered in the planning and execution of these projects," […]
