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Friday, July 11, 2025 5:36 GMT

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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.


published:26/01/2025 07:08 GMT

Related News

  • New Bids Sought for Iraq's Sadr City Housing Project  25/06/2024 11:39 GMT
  • Structural Designs for Iraq's New Sadr City Project Approved  16/08/2023 10:05 GMT
  • Iraqi PM Pushes Development of Sadr City  30/04/2023 11:00 GMT
  • Iraqi PM Attends Meeting to Progress Sadr City Project  20/04/2023 06:20 GMT

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