By John Lee. Iraq's Minister of Construction, Housing, and Municipalities, Benkin Rikani, has approved the master plan for the Ali Al-Wardi Residential City Project in Baghdad. The announcement was made in the presence of senior officials and representatives from Egypt's ORA Developers. Located in Nahrawan, southeast of Baghdad, the project will be the largest new […]
By John Lee. The Iraqi Council of Ministers (Cabinet) has approved a framework to legalise ownership of municipal land occupied by informal settlers (squatters) before December 10, 2024. The decision includes specific terms to ensure fair and regulated sales under Law No. 21 of 2013. Key provisions: Land Sales: Municipal authorities in Baghdad and other […]
By John Lee. The US State Department issued its 2024 Investment Climate Statement for Iraq earlier this year. The report covers the following key areas: Openness To, and Restrictions Upon, Foreign Investment Bilateral Investment and Taxation Treaties Legal Regime Industrial Policies Protection of Property Rights Financial Sector State-Owned Enterprises Responsible Business Conduct Corruption Political and Security Environment […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sunni MPs stall new Iraqi law on Ba'ath-era land transfers Iraq's parliament has once again delayed a vote on a proposed property restitution law that has sparked contention. First introduced in April, the […]
By John Lee. Dr. Haider Mohammed Makiyya (pictured), Chairman of Iraq's National Investment Commission (NIC), has announced the country's first "Real Estate Developer" program aimed at providing affordable serviced residential plots for citizens, in partnership with the private sector. According to a statement from the NIC, this initiative aligns with government plans to alleviate the […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, has laid the foundation stone for Iraq's tallest skyscraper, part of the Downtown Baghdad project. This iconic development will feature the capital's first high-rise tower, standing at 65 stories, along with eight additional towers. The project includes over 1,300 residential […]
At the moment, buying off-plan properties in Dubai is irresistible even to the most inexperienced of investors. The buoyant real estate sector, positive economic outlook, and a plethora of infrastructural projects strengthen Dubai's position as a preferred location for property investment. This article explores off-plan market potential in Dubai focusing on prime areas with references […]
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 Renwar Najm for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Politics of Real Estate in the Kurdish Region of Iraq With ruling parties, companies, and mainstream media aligned against them, activists and environmentalists face […]
By John Lee. Arabian Business reports that Abu Dhabi-based property developer Eagle Hills has bought land in Baghdad for a $1.5-billion golf real estate project. It says the Baghdad Golf Course and Spa will feature a world-class golf course, high-end residential neighbourhoods, a five-star hotel, and an exclusive resort club. Eagle Hills was founded by […]
By John Lee. Dr. Haider Muhammad Makkiya, head of Iraq's National Investment Commission (NIC), has held a meeting with the regional director of Qatari real estate firm Ariane, Ahmed Magdy Al-Kararty. Dr. Makkiya emphasized Iraq's commitment to fostering an attractive investment environment, highlighting strategic projects as crucial for revenue maximization and the enhancement of service […]
UN-Habitat receives generous support from the Government of the Netherlands to Initiate Policy Dialogue on the Land Legal Framework Reform and Secure Tenure Rights for Internally Displaced Iraqis The United Nations Human Settlements Programme (UN-Habitat) welcomes a contribution of USD 1.9 million from the Government of The Netherlands through the LAND-at-scale programme (http://rvo.nl/landatscale) to reform […]
