Iraq agrees $450m housing projects with three Egyptian companies

Around 3.5 million Iraqis live in substandard housing (Dreamstime)
The housing ministries of Iraq and Egypt have agreed a deal for Egyptian companies to build housing with a total value of $450m, news website Zawya reports.

Iraqi housing official Jaber Al-Hassani told the Jordanian daily Ad-Dustour that the contracts will include 14 projects across Iraq.

He said: “We intend to sign three main contracts within one month with three Egyptian companies, including the Arab Contractors Company. The contracts will be under the supervision of the Egyptian Housing Ministry.”

He added: “We are also planning to cooperate with the Egyptian Transport Ministry for the execution of two major projects in Iraq”, although he gave no further details.

Iraq has made housing a priority of Iraq’s post-war reconstruction drive. According to a statement from the Ministry of Planning in November, 3.5 million Iraqi citizens live in slums out of a population of 40 million people. The governorates of Baghdad, Basra and Ninevah are the provinces with the top number of slums.

Further reading:

Story for GCR? Get in touch via email: [email protected]

Latest articles in News