One million new homes set for Baghdad
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One million new homes set for Baghdad

One million new homes set for Baghdad

The Iraqi cabinet has approved a plan worth an estimated $50bn to build up to one million homes for the country's government and ministry employees by 2020, Meed has reported. According to the country's National Investment Commission (NIC), each home will be approximately 100 square-metres and will cost an estimated $50,000. Baghdad will front 25% of the cost of the project to build the first phase. The remaining homes will be built in several phases over the next ten years.

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    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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