Al-Sudani sponsors the signing of the contract for the “Ali Al-Wardi” city project, the largest residential project in Iraq
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Economy News - Baghdad
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Economy News - Baghdad
The Minister of Housing, Construction and Municipalities, Benkin Rikani, and the director of ORA Real Estate Development Company, Naguib Sawiris, signed, on Wednesday, the contract for the “Ali Al-Wardi” city project, the largest residential project in Iraq, under the patronage of Prime Minister Muhammad Shiaa Al-Sudani.
Al-Sudani’s office said in a statement, seen by Al-Iqtisad News, that “in the presence and patronage of Prime Minister Muhammad Shia Al-Sudani, today, Wednesday, the contract for the new Ali Al-Wardi residential city project was signed by the Minister of Housing, Construction and Municipalities, with the director of ORA Company.” ) for real estate developer Naguib Sawiris, and it is the largest project among the five new residential city projects in its first phase, which the government program gave priority for implementation.
Al-Sudani pointed out, during the signing ceremony, that “the strategy for solving the housing crisis followed by the government includes creating cities serviced by infrastructure, with thousands of different housing units available, to suit various categories of citizens, and it also works to reduce population pressure on the city of Baghdad.” He stressed that "this project is being implemented for the first time in the history of Iraq of this size and capacity, and that it comes in compliance with what was stated in the government program regarding finding radical and sustainable solutions to the housing crisis."
Al-Sudani expressed his appreciation for “the performance of the specialized team in the Ministry of Housing and Reconstruction, the Baghdad Municipality, and the rest of the concerned departments, which confirms that the investment environment in Iraq has become effectively prepared and attractive.”
For his part, Sawiris stated, “This partnership with Iraq to implement the Ali al-Wardi residential city will be a turning point in cooperation and sharing in the pioneering and innovative vision for implementing residential cities, which takes into account the balance between environmental and population needs.”
The new city project, which bears the name of the late Iraqi sociologist and thinker Dr. Ali Al-Wardi, extends over an area of 61 million square meters to the southeastern side of the capital, Baghdad, and will provide 120,000 diverse housing units, in addition to urban facilities, green spaces, and smart city technological means. In order to apply advanced standards in sustainability and environmental preservation.
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