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Jun 12 2012

Kurdistan's housing problem could be solved at 5,000 homes per year

ERBIL - Kurdistan's current housing problems could be saved by building 5,000 homes each year over the coming years, regional officials say.


If the region spends about $170 million a year on building residential units, the housing shortcoming could be overcome in 10 years.


Much of Kurdistan Region's investment volume has been in the housing sector since 2003.


According to statistics released by the Investment Board, the region has attracted some $16.2 billion (19 trillion IQD) in foreign investment over the past five years.

© AK News 2012

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