Iraq to launch five new cities as part of its post-war economic drive

Iraq will release five new residential cities as part of a post-war drive to tackle widening housing supply shortages, as National Investment Commission (NIC) will shortly award the contracts along, state’s official news agency stated on Sunday.

The five new cities are in Baghdad, the central Karbala and Babylon Governorates, Nineveh in the North, and the Western Al-Anbar, Iraq’s largest governorate, NIC spokesman Muthanna Al-Ghanimi told the news agency.

Ghanimi emphasised that “only serious and experienced firms will be permitted to bid for such projects…companies which have proved efficient in executing previous projects will have a bigger chance in winning the contracts.”