Page 106 - investment-map-En-2021

Iraq Investment Map 2020-2021 99

5- Housing and Infrastructure sector:

Economically speaking, housing
is a very vital sector for the
important roles it plays in the

formation of the fixed capital,
generating incomes and creating

job opportunities and through the
connection with other activities.
Many countries which enjoy

financial surpluses go to
maximizing the role of this sector, in other words considering it as a producing sector.

The Government of Iraq granted the private sector and the foreign investor the enabled role
that may achieve touchable results in the housing production field by providing the lands
suitable for housing purposes which will contribute to treating the problem of the residential

slums and expanding in manufacturing the construction materials, taking into consideration
the average growth of the Iraqi population and the fact of the need of 2 million housing units.
The contribution of the private sector to the GDP in the fixed prices was approximately %85,

while contribution of this sector to the GDP in the fixed prices the year 2018 was %7.5 based
on the national development plan.
This sector greatly contributes to the increasing demand on the materials used in production

in addition to addressing unemployment in Iraq. The National Investment Commission
announced the national housing project to build 1 million housing units in all provinces of

Iraq and have already started the implementation of the first stage of this huge project through
constructing 100 thousand units in Baghdad (Bismaiya New Housing City Project)
implemented by Hanawah South Korean Company for Engineering & Construction, to build.

These 100 thousand units is part of Baghdad's total housing quota of 224 thousand units.
The following table shows the housing units needed by each province according to the

database available at the Ministry of Planning: