The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. The Iraqi government has approved the transformation of the former Al-Rasheed military camp in eastern Baghdad into sustainable forests and recreational areas. The plan also includes the construction of a 12,000-unit residential complex on the site, replacing previous land allocations. Development will focus on environmentally friendly specifications and recreational activities, while an […]
By John Lee. Prime Minister Mohammed Shia' Al Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction, focusing on improving investment mechanisms across various economic and developmental sectors. The committee approved the creation of "New Wasit City," a residential project in Wasit province, as part of the government's vision to develop […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani met with a delegation of Egyptian, Saudi, and Iraqi business leaders specializing in real estate development and integrated smart cities. The delegation included Hisham Talaat Moustafa, Chairman of Egypt's Talaat Moustafa Group (TMG); Suleiman Abdul Qader Al-Muhaidib, Chairman of Saudi Arabian Al-Muhaidib Group, along Essam […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani chaired a special meeting on Thursday to review the implementation of Cabinet Decision 320 (2022), which concerns converting agricultural land to residential use. According to a statement from his office, the Prime Minister examined the procedures and instructions taken to implement the decision and addressed […]
The Embassy of Japan in Iraq, Ninewa Governorate, and UN-Habitat have laid the foundation stone for a new social housing project for returnees in Mosul. Following the high-level Round Table Meeting with key stakeholders, including Ambassador Futoshi Matsumoto and Governor Abdulqadir al-Dakhil, the foundation stone for the Japan Village Project was laid in Mosul. The […]
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 […]
