Nearly 7000 Housing Projects to Come Up in Iraq

The three-year budget by the Parliament also includes construction of new residential cities and revival of stalled projects

The Parliament of Iraq has proposed a three-year budget that includes funds for nearly 7,000 projects in housing and other sectors, as per reports. As per Abdul Zahra Hindawi, a spokesman for the Iraqi Planning Ministry, the 2023 record spending of $153 billion sets allocations for new residential cities and revival of hundreds of stalled projects.

 “The three-year budget which starts in 2023 comprises allocations for nearly 7,000 projects. These will help Iraq tackle the unemployment problem,” Hindawi said. “These projects, some of which are very large, will keep Iraq busy for years. They include hundreds of stalled projects which will be restarted gradually.”

Hindawi said capital allocations cover infrastructure, services, roads, power, water and housing projects. The government has approved a programme for the construction of several new residential cities and neighbourhoods, he added.