The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
Housing tops Baghdad’s growing to-do list, but as work begins on infrastructure ranging from airports to sewage plants, Iraq’s modest contracting capacity is being stretched to its limits, reports Gulf News. Iraq faces mounting reconstruction needs across its housing and infrastructure sectors, yet the country’s contracting sector is struggling to maintain momentum as increasing numbers […]
Iraqi authorities are working on plans to resolve the housing crisis in the country, despite problems hindering investments in the sector, the chairman of the National Investment Commission told AKnews on Monday. "The investment committee has worked on planning to implement important projects in the coming period to help solve the housing crisis," said Sami […]
The Wassit [Wasit] council signed a contract on Tuesday for the building of residential units and an 80 MW power station, according to the council’s vice president. “The council signed a contract at the Kut Investment Commission with the Turbat al-Rafideen company to set up a power station with a production capacity of 80 MW, […]
The Baghdad Mayoralty is discussing housing compounds with Turkish firms as part of its attempt to build one million residential units throughout Iraq. “Out of the one million units, 224 thousand will be in Baghdad,” the mayoralty said in a press release on Sunday, as received by Aswat al-Iraq news agency. It noted that the […]
Scaffolding is creeping up the walls of bullet-scarred villas across rubble-strewn Baghdad, and gangs of labourers are piling up bricks as growing security allows a mini-construction boom to take hold in Iraq, according to a report from Reuters. It may be the leading edge of a building surge as work now limited to a few […]
The Egyptian firm, Orascom, is ready to invest in the housing sector in Karbala, the company’s representative said on Wednesday. “Our company can construct more than 10 housing units in Karbala,” the representative told Aswat al-Iraq news agency. He noted that a similar project was finalized in Egypt in eighteen months. (Source: Aswat al-Iraq)
According to a report from AK News, an Iraqi economic expert has called on the Iraqi government to learn from Kurdistan's experience in addressing the housing crisis, and to apply those lessons in other Iraqi provinces. “Kurdistan's experience is very important, being able to limit the continuing housing crisis in the region," said Sattar Al-Shahin, […]
Head of the Diwaniya Investment Commission said on Friday that a Memorandum of Understanding has been signed with an Italian group to establish a residential compound in the province.
Baghdad Governor Salah Abdulrazeq and Mayor Saber al-Issawi discussed on Thursday allocation of lands to build 222,000 investment housing units in the capital
The Iraqi National Investment Commission has said some of the projects — worth nearly $70 billion (Dh257.4 billion) — are expected to be finalised in the near future. The news comes after Emirates announced it will begin flights to Baghdad in July. Etihad Airways has been flying to the Iraqi capital since April.
A group of eight Lebanese and Turkish firms on Monday discussed with Basra’s governor new housing compounds in the province. “We discussed housing projects in the province,” the Basra governor Shaltagh al-Mayiah told Aswat al-Iraq news agency. He noted that the Basra Local Authority encourages Arab and foreign companies to invest in the province. ( […]
A firm based in the United Arab of Emirates (U.A.E) will invest in a big housing project in the Iraqi capital, the Baghdad Mayoralty said on Sunday. “The company will invest $20 billion over a period of 10 years,” the mayoralty said in a release received by Aswat al-Iraq news agency. The project will consist […]
