Iraqi Gov't Welcomes Investment Into Housing Projects: PM

(MENAFN- Nam News Network) BAGHDAD, Jul 14 (NNN-NINA) – Iraqi prime minister, yesterday, invited regional real estate investors, to consider residential projects launched by the Iraqi government, to relieve housing shortages.

Mohammed Shia' al-Sudani, extended the invitation, while receiving a delegation of Egyptian and Saudi real estate businessmen, specialising in developing integrated and smart residential cities, according to a statement issued by al-Sudani's media office.

The Iraqi government has started levering investors into five planned residential projects in the capital, Baghdad, and some provinces, and intended to launch 11 more, al-Sudani said, adding, Iraq is witnessing rapid growth and recovery, abundant in promising investment opportunities.

He said, Iraq needs about three million housing units, stressing that, the government is moving towards building integrated cities that include service, recreational, and commercial facilities and are linked to Baghdad by an advanced transportation network.– NNN-NINA

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