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FINANCIAL NEWS
Iraq pursues investments in real estate
24 May 2012
(MENAFN) Iraqi Minister of Construction and Housing Mohammad Al Daraji declared that his country is seeking investment in real estate and infrastructure projects, Gulf News reported.
Al Daraji explained Iraq requires money to build 2.5 million housing units and 7,000 kilometers of new roads by 2016 and the government has assigned USD9.8 billion for the projects.
Besides, Al Daraji announced that Iraq would produce 5 million barrels of oil by 2016 and Iraq is going to lead the rise of projects spending in the Middle East by the same year.
It’s worth mentioning that 40% of Iraqi budget goes into energy and two third of the budget goes to operational costs.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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