The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani has confirmed that six new cities have been 'awarded for execution', with three more pending, as part of a broader plan to develop 60 new urban centres across the country. Speaking at a meeting of the New Cities Authority on Monday, Al-Sudani emphasised the government's commitment […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani inaugurated the new 'Construction Basket' initiative on Wednesday, an innovative programme designed to provide citizens with access to building materials at competitive prices and on convenient instalment terms. The centre, located at the newly-opened Cooperation Center for Construction, is a joint venture between the Ministry of […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Wednesday of the High Committee overseeing the New Al-Sadr City Project in Tuzai, issuing directives to implement all infrastructure components alongside the residential construction phases. The meeting reviewed progress following the launch of service infrastructure works and examined the most efficient economic […]
By Padraig O'Hannelly. Iraq is experiencing unprecedented stability and security, creating significant opportunities for international businesses, according to Abir Burhan, Company Director of Al-Burhan Group (ABG), speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London. Burhan outlined how the operating environment has transformed dramatically over the past year, with the Iraqi government […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has officially launched construction on the New Sadr City project in Baghdad. The project covers 4,000 dunams [400 hectares; 1,000 acres] between the Al-Maamel area and the edge of the existing Sadr City. It will feature 60,000 housing units of various sizes, fully integrated with public services […]
By John Lee. Rwanga Foundation has unveiled plans for the Kulak Solar Village, Iraq's first fully off-grid, solar-powered community. Located southeast of Erbil, the pilot village will include 32 homes and house nearly 200 residents, serving as a model for rural climate resilience and energy self-sufficiency in one of the world's most climate-vulnerable regions. Entirely […]
By John Lee. The National Investment Commission (NIC) has signed an investment contract with Al-Ramla for the development of a fully serviced vertical residential complex. The project will feature up to 3,840 housing units, a five-star commercial hotel, a shopping center, a business hub, and various integrated services, aiming to provide modern housing solutions and […]
By John Lee. The National Investment Commission (NIC) has announced that over 130 fully approved investment opportunities will be presented at the Iraq Investment Forum, set to take place in mid-June in Baghdad. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] described the forum as a strategic platform for economic transformation, aimed at attracting international investors […]
By John Lee. UAE-based Chestertons Global has announced the opening of a new office in Baghdad, as part of its ongoing expansion across the Middle East. According to a statement from the company, Iraq's real estate sector, valued at $1.12 billion in 2024 with projected annual growth of 6%, is attracting increasing interest from investors. Government-backed infrastructure […]
By John Lee. Talaat Moustafa Group Holding (TMG Holding) has confirmed that it is in advanced negotiations with Iraq's National Investment Commission (NIC) to develop a large-scale mixed-use project southwest of Baghdad, marking a major step in its regional expansion. The project, spanning approximately 14 million square metres [14,000 donums; 1,400 hectares], is expected to […]
By John Lee. Baghdad Municipality has signed a contract with China's state-owned Shandong Hi-Speed Group [Shandong Gaosu Group] for the construction of 11,000 housing units in the New Sadr City project. Speaking at the signing ceremony, Mayor Ammar Musa Kazem said that more than 30 companies expressed interest in the project, which represents the first […]
By John Lee. The Government of Japan and UN-Habitat have expanded their joint efforts to support returnees and vulnerable communities in Northern Iraq, in coordination with the Government of Iraq. A new Japanese contribution to the Japan Village Project in Mosul will provide 24 additional social housing units, increasing the total capacity to 500 returnees […]
