The Ministry of Housing and Construction revealed a mechanism for opening bids for competing companies to implement new cities in the governorates.
The head of the new cities team, Minister of Housing, Bankin Rikani, stated, in a statement to the National Iraqi News Agency (NINA), that "the new residential cities in the governorates will be implemented by solid international companies, and they will be in stages, the large cities of which will have four stages, and the smaller ones will be in one stage, but in total, the first phase of all new cities will be completed within two years.
He explained, "Tens of thousands of housing units will be implemented according to different levels of vertical and horizontal construction, as well as vertical and horizontal construction in large, medium and small degrees and areas, which makes them provide suitable housing for all segments of society."
He added, "There are joint technical committees from the Ministry of Housing, the Investment Commission and the governorates that will study the bids of competing companies to choose the best of them," noting that "the competent ministerial team has developed technical, financial and legal criteria for referring bids to competing companies, which we are keen to be financially secure, because most of the investment projects during the previous era failed due to the investor’s inability to finance, and for this reason in the new cities projects, the identity of the project investor will not be announced before he presents support and guarantees his financial solvency and possession of cash liquidity that secures the work in full.
Last week, the capital, Baghdad, witnessed the official announcement of the opening of bids for the first phase of the project to implement new residential cities in the governorates (Baghdad, Karbala, Anbar, Babel, and Nineveh)./ End
Source: National Iraqi News Agency