The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
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 […]
By Salam Jabbar Shihab, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Real Estate and the Banking Intermediary Between Sellers and Buyers: Will the Real Estate Market Boom or Collapse? Several macroeconomic factors are driving the […]
By John Lee. Dar Al Omran Rasem Badran (DAO-Badran) has unveiled its latest architectural project in Iraq. Developed in partnership with Al Ghadeer and BMC, Budoor Al-Najaf seeks to establish a human-centred, culturally integrated and environmentally resilient community in Najaf. Spanning approximately 50 hectares [123 acres], the development will house more than 1,400 homes available […]
By John Lee. Al-Fityan Company For General Contracts has won a contract with the United Nations Office for Project Services (UNOPS) for the construction of 20 housing units in Ana district, Anbar. The contract value was stated as $608,961. (Source: UNGM)
By John Lee. Al-Amar Al-Hadeth for General Constructional Contracting has won a contract with the United Nations Office for Project Services (UNOPS) for the construction of 110 housing units in Sinjar (Al-Jazeera and Al-Adnaniyah villages). The contract value was stated as $3,347,190. (Source: UNGM)
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani concluded his visit to Al-Muthanna Governorate, during which he launched and inaugurated several key projects across energy, housing, healthcare, infrastructure, and industry. Key Announcements: Energy Sector: Launched construction of the Samawa Gas Power Plant (250 MW) as an investment project. Approved the establishment of a new […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the construction of 10,000 serviced residential plots in Nahrawan, Baghdad, as part of the government's broader housing initiative. The 2,500-donum project aims to provide integrated infrastructure, including water, electricity, roads, schools, and healthcare facilities. Al-Sudani emphasized the government's strategy of expanding towards urban outskirts to alleviate […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has launched the Residential City Development Project in Nahrawan, Baghdad, covering 24,197 donums [approx 6,000 hectares, 15,000 acres], to provide serviced residential plots for Ministry of Defense personnel. The project is being managed by Dubai-based World Legend Contracting. During the ceremony, the Prime Minister also handed […]
