The latest housing news from Iraq – projects, construction & more – brought to you by Iraq Business News
By John Lee. Al-Amar Al-Hadeth for General Constructional Contracting has won a new contract with the United Nations Office for Project Services (UNOPS), for the rehabilitation of 197 Selected Housing Units in Anbar Governorate. The contract is valued at $1,350,835. (Source: UNGM)
By John Lee. Further details have been announced regarding Qatar's major investment in Iraq. Estithmar Holding Q.P.S.C. has said in a statement that it has signed three MoUs with Iraq's National Investment Commission (NIC) with a total value of 7 billion US dollars to develop new modern comprehensive cities, 5 stars hotels and also manage […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani opened the "Iraq Gate" residential project on Tuesday evening in Baghdad. The project has been developed by Amwaj International, which is headed by Namir El Akabi. In his speech at the event, he emphasized the importance of the private sector's involvement in solving the housing problem, […]
By John Lee. The Saudi ambassador to Baghdad, Abdulaziz Al-Shammari (pictured), has revealed the signing of a contract between Saudi Arabia and Iraq for a significant investment project near Baghdad International Airport (BIAP). In a statement to the state-run Iraqi News Agency (INA), Al-Shammari said the contract involves an investment of up to one billion […]
Dr. Mohammad Shukri Mohammad Saeed, head of the Kurdistan Region Investment Board, has made an announcement regarding housing units for low-income earners, stating that they will be ready for occupancy by the middle of next year. During an interview with the official website of the Kurdistan Regional Government, Dr. Saeed shed light on the lengthy […]
By John Lee. Dr. Hamid Naim Al-Ghazi, the Secretary General of the Council of Ministers, has met with the company responsible for executing the Ur tourist city project to discuss progress. Emphasizing the city's potential as a global tourist attraction, the Secretary-General highlighted the planned facilities, including a theater, interfaith dialogue center, cultural center, museum, […]
By John Lee. The High Committee for the Development of Sadr City convened this week under the leadership of Prime Minister Mr. Mohammed S. Al-Sudani to discuss the practical steps needed to commence construction of the new city. During the meeting, the committee engaged in extensive discussions about the project's implementation mechanisms, requirements, and how […]
By John Lee. The Prime Minister of Iraq has stopped the granting of investment licenses for the Al Rafeel [Rafael] City project until inventory, inspection, survey, and land identification actions are completed. Al Rafeel City is planned to cover 10,600 acres close to Baghdad International Airport (BIAP). The Chairman of Iraq's National Investment Commission (NIC), […]
By John Lee. A new road map has been put in place for the continuation of work on the the giant Bismayah New City project on the outskirts of Baghdad. According to a statement from the National Investment Commission (NIC), South Korean company Hanwha is expected to sign a revised contract in the coming weeks, […]
By John Lee. Iraq's National Investment Commission (NIC) has issued a directive to all companies building residential complexes in Iraq to follow the official dollar exchange rate set by the Central Bank of Iraq (CBI), specifically 1,470 dinars per dollar. Mrs. Hanan Jassim, the official spokesperson, states that this directive is in accordance with Cabinet […]
By John Lee. South Korea's Hanwha Group is reported to be "cautious" about resuming the construction at the giant Bismayah New City housing project, southeast of Baghdad. The Korea Times quotes an official at the company as saying that if the Iraqi government completes payment of the money owed to Hanwha, the company, "may resume […]
The Head of the KRG's Board of Investment, Mohammad Shokri, has laid the groundwork for the provision of 892 residential units in Zakho administration with a budget of 48.8 billion dinars [$33.4 million]. The project comes after 2,073 people with limited income filled online applications to be eligible for the residential units in Zakho. This […]
