Iraq awards 1.5M housing units in push for 5M by 2030, says parliamentary committee
Baghdad (IraqiNews.com) – Iraq has awarded projects for 1.5 million new housing units and expects that number to reach 5 million by 2030, the head of the Iraqi Parliament's Economy and Investment Committee, Hassan Al-Khafaji, announced on Monday (June 16, 2025).
Al-Khafaji highlighted significant interest from reputable foreign companies to enter Iraq's housing market, attributing the progress to cooperation between parliament and the government in amending investment laws to support the private sector.
Alongside the housing push, Al-Khafaji confirmed that practical steps have been taken to boost local industry through the awarding of new industrial cities in Anbar, Karbala, Babil, Basra, and Nineveh. This is part of a strategy to localize manufacturing and regulate imports.
He affirmed that Iraq is currently an attractive and secure environment for investment, and expects larger and more established international companies to enter the market in the coming period. The committee is awaiting further amendments to the investment law from the Prime Minister's office for a parliamentary vote.
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