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The projects will be offered as investment opportunities
Iraq will announce six new residential cities as investment opportunities soon, a spokesperson for the Iraqi Ministry of Construction and Housing said.
Nabil Al-Saffar told the Iraqi News Agency (INA) that the ministry has awarded five residential cities under the investment route, namely Al-Jawahiri in Baghdad, Al-Ghazlany in Mosul, Dhefef in Karbala, Al-Janaen in Babylon and Ali Al-Wardi in Baghdad.
He said six new residential cities will be offered as investments soon but didn’t share timelines, locations or other details.
Hasan Abdullah, Chairman of UAE-based Marya Group told the INA that he has proposed investments totalling $10 billion in residential projects to the Prime Minister Muhammad Shiaa Al-Sudani.
"We are interested in building five to 10 residential cities in Iraq offering 370,000 housing units in total," he said. |
