Property projects launched in Baghdad Iraq

The Baghdad Municipality is to build three major housing projects in the capital's outskirts for low-income families.

The projects, work on which is to start soon, will include 395,000 housing units and will be sold to low-income families at reduced prices, according to Hakeem Abedzahra, the municipality's spokesman.

The first project of 65,000 housing units will cover the once sprawling al-Rashid military camp. A U.A.E. firm has won the contract for its construction, Abedzahra said.

He said Baghdad will soon become the scene of what he described as "a flurry of construction" that will employ tens of thousands of people.

The housing project at al-Rashid camp will include a medical city as well as sports facilities, he said.

The second project will be built close to the low-income township of Sadr City and will involve 75,000 housing units.

"More than 50 foreign firms offered bids to execute this project and we have now settled on eight of them," Abedzahra said without elaborating.

He said work on Sadr City project was also to start soon.

The third project will be close to Ghazaliya neighborhood with 35,000 housing units, Abedzahra added.

The remainder, 220,000 housing units, will be built in outlying areas of the capital Baghdad, he said.

"This is a massive housing investment through which Baghdad will witness a major flurry of construction. Besides houses and flats there will hospitals, amenities, annexes and sports cities," Abedzahra said.

Baghdad holds so much potential for a great future - Iraq is the investment hotspot of the future. Fact!

Property projects launched in Baghdad Iraq

By: baghdadinvest

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