The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Sunday with the higher committee overseeing the New Sadr City Project. The meeting focused on the steps needed to complete this significant residential project and the overall financing mechanism to ensure all requirements are met. Al-Sudani instructed the Ministry of Electricity to quickly […]
By John Lee. The Turkish Statistical Institute (TurkStat) has reported that Iraqis ranked fifth among the countries that purchased Turkish real estate in May. Iraqis bought 98 houses in Turkiye in May, putting them behind Russians (437), Iranians (207), Ukrainians (171) and Germans (104). According to Shafaq News Agency, Iraqis had topped the list from […]
By John Lee. The Central Bank of Iraq (CBI) has decided to allocate additional funding amounting to approximately 3 trillion dinars [$2.3 billion] to facilitate housing loans through the Real Estate Bank and the Iraqi Housing Fund, supporting the government's housing initiatives. According to the state-run Iraqi News Agency (INA), the Central Bank has instructed […]
By John Lee. The Iraq Development Fund Board, chaired by Prime Minister Mohammed Shia' al-Sudani, held its third meeting on Monday in the presence of the Minister of Finance, the Minister of Planning, and the Minister of Construction, Housing, Municipalities, and Public Works. The meeting discussed the projects included in the Fund's work plan, attracting […]
By John Lee. The Iraqi Cabinet has approved the conversion of the Al-Kadhimiya military base, commonly known as the Fifth Division, into a new urban civic center. According to a statement from the Prime Minister's Office, the new development will include recreational, educational, cultural, and hospitality facilities, including hotels, hospitals, health centers, sports stadiums, civil […]
By John Lee. Al-Amar Al-Hadeth for General Constructional Contracting has won a series of contracts with the United Nations Office for Project Services (UNOPS), for the rehabilitation of war damaged shelters in Fallujah: Rehabilitation of 92 war damaged shelters in Al Chaffa. Contract value $695,001; Rehabilitation of 100 war damaged shelters in Albo Hawa & […]
By John Lee. Iraqi Prime Minister Mohammed Shiaa Al-Sudani laid the foundation stone for the Al-Ghazlani City housing project in Nineveh on Monday morning. The city, the second to be built as part of an initial phase of five cities, will comprise 28,000 housing units over 4,800 hectares. The second phase will see 11 residential […]
Joint Programme Launched to Stimulate Decent Work and Affordable Housing in Iraq A multi-partner programme to foster decent work opportunities for Iraqi youth and addressing the need for affordable housing, especially among lower-income and vulnerable populations was launched in Baghdad today. The European Union (EU) has provided 20 million Euros to the United Nations Human […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani presided over the signing of a memorandum of understanding between the National Investment Commission (NIC) and South Korea's Hanwha to resume work on Bismayah City residential development. The visit on Monday morning included a meeting with residents, where their feedback on provided services was heard, prompting directives […]
UN-Habitat and the Government of Japan are collaborating to develop the residential area designated for returnees under Mosul's Master Plan The United Nations Human Settlements Programme (UN-Habitat) welcomes renewed collaboration with the Government of Japan to develop peacebuilding activities and durable solutions in Northern Iraq, with a focus on assisting returnees from Mosul, one of […]
By John Lee. Under the patronage of Prime Minister Mohammed Shia Al-Sudani, the signing ceremony for the new Ali Al-Wardi Residential City project took place on Wednesday. Iraq's Minister of Housing, along with the director of Egypt's ORA Developers, Mr. Naguib Sawiris, signed the contract. This project is the largest of five new residential city […]
By John Lee. Iraq's National Investment Commission (NIC) has announced its first investment opportunity of the year. The project is described as a "horizontal and vertical" residential project on plot number (1/6/m 28) in the Tajiya [Tajiyaat] district. The plot area is 266 dunams (26.6 hectares) and is owned by the former Al-Karama Company (currently […]
