NIC to Develop Investment Models for New Sadr City Project in Iraq

Prime Minister Mohammed S. Al-Sudani presided over a meeting of the Higher Committee for the New Sadr City Project, focusing on advancing infrastructure and housing initiatives for this major urban development.

Key Decisions and Updates:

 - Progress on Phase One

    - Reviewed advancements in awarding contracts for infrastructure projects.
    - Phase One comprises 11,000 housing units, initiated as per the Council of Ministers' resolution on November 26, 2024.

 - Investment Models for Housing Units

    - Directed the development of investment models for Phase One and Phase Two, which collectively encompass 60,000 housing units (11,000 in Phase One and 49,000 in Phase Two).
    - Assigned technical and economic advisors to collaborate with the National Investment Commission (NIC) on model creation.

 - Advisory and Consultancy Support

    - Invited reputable consulting firms to provide advisory services for the project's infrastructure and housing components.

 - Archaeological and Utility Considerations

    - Directed the completion of evaluations for archaeological sites to determine suitability for development.
Identified optimal locations and finalized the models for power stations to supply electricity to the new city.

 - Daily Reporting and Accountability

    - Ordered the submission of daily reports on progress to ensure transparency and adherence to timelines.