Projects Monitor

Covering major construction projects in the Middle East

Updated: 23Apr12

NIC Iraq - Housing Units Program
Country	:	Iraq
Project Value	:	USD 50,000,000,000
Sector	:	Real Estate \| Residential Infrastructure \| Roads
PMC	:	Hill International (Middle East) Limited
Profile Type	:	Standalone Project

Phase:
Construction - Selected

Completion: 2013

Owner	:	National Investment Commission of Iraq
Developer	:	Trac Development Group
Location	:	Iraq
Development Type	:	DBO
Contract Type	:	Construction
Capacity	:	1 million housing units
Main Usage	:	Residential

Background

The plans develop a low-cost housing units across all Iraqi's provinces and the Kurdistan Region.

The Project will include 1 million housing units.

The National Investment Commission will grant different developers and investors a plot of land and license to develop the requisite number of Housing Units allocated to a project.

Each developer or investor will develop his own plot including housing units, retail outlets office spaces, community facilities along with the respective infrastructure.

Each development will use modern building technologies.

and Hillsone International are the PMC consultants.

Expected Events

Schedule	Contract Phase/Phase	Description
May 2012	Construction	Contract expected to be officially signed between NIC and Hanwha Engineering and Construction
Q2 2012	Construction	Construction expected to start
2013	Completion	Project expected to be completed

Latest Events

In April 2012, NIC and Hanwha Engineering and Construction were finalyzing the construction contract.

In May 2012, the construction contract is expected to be officially signed between NIC and Hanwha Engineering and Construction.

In Q2 2012, construction of the housing units is expected to start (delayed from Q4 2011).

In 2013, the project is expected to be completed.

Previous Events

In November 2011, the owner received the approval to proceed with the construction of the project, and Hyundai Engineering and Construction Company was no longer involved.

In July 2011, the PMC contracts were awarded to and Hillstone International.

In Q3 2010, the DBO contract was awarded to Trac Development Group.

In March 2010, the bids for the developers or investors interested in the project were submitted.

On 14 December 2009, the project was announced.

Scope of Work

Construction of :

- 1 million housing units
- Retail outlets
- Hotels
- Office spaces
- Schools
- Clinics
- Other community facilities

Infrastructure works include:

- Roads
- Water networks
- Sewage networks
- Electricity networks
- Telecommunication lines

Financing Source

The Trade Bank of Iraq (TBI) is the lead financial adviser of the Program.

Project Schedule

Schedule	Contract Phase/Phase	Description
14 Dec 2009	Announcement	Project announced
Mar 2010	DBO	Bidders submitted their proposals
Q3 2010	DBO	Contract awarded to Trac Development Group
Jun 2011	PMC	Contract awarded to Hill InternationalHill International and Hillstone International
May 2012	Construction	Contract expected to be officially signed between NIC and Hanwha Engineering and Construction
Q2 2012	Construction	Construction expected to start
2013	Completion	Project expected to be completed

National Investment Commission of Iraq
Owner

Baghdad, Iraq
Tel: +964 790-190-5793 ; +964 770-150-0003 | Website: http://www.investpromo.gov.iq

Name:	Ayad Albayati
Position:	Technical Advisor
Tel:	+964 790-110-2920

Hill International (Middle East) Limited
PMC

Al Gurg Office, Tower 1 Building, 4th Floor, Baniyas Road, Dubai Creek Rigga Al Buteen Area, P.O. Box 71467, Dubai, United Arab Emirates, Dubai
Tel: +971 4-227-0078 | Fax: +971 4-227-1176 | Email: dxb@hillintl.com