Iraq Seeks Investors for Million-Home Housing Initiative

Iraq's government has issued an official call for domestic and foreign investors to participate in its "1 Million Housing" project, according to a statement from the Prime Minister's Office. The initiative aims to reduce the country's housing deficit and support urban development across Iraq. The statement said the government will offer investors long-term rent guarantees and streamlined procedures to facilitate participation. Revenue generated from the project will be directed to local governments in the relevant cities, providing additional resources for infrastructure and public service projects. The call is intended to address Iraq's housing demand and increase private sector investment in the country. Officials said the ministries concerned will share further details about the project with the public in the coming period. Applications from investors will be evaluated according to the established schedule, according to the statement.