Iraqi NIC plans housing projects with Orascom

The Chairman of the National Investment Commission (NIC), Haider Makiya, discussed on Tuesday a number of investment opportunities in the real-estate sector with Orascom Investment Holding (OIH), according to a statement cited by the Iraqi News Agency (INA).

The statement elaborated that Makiya received the Egyptian businessman, Naguib Sawiris, Chairman and CEO of OIH, and his accompanying delegation where they discussed number of investment opportunities and talked about the sectors where OIH wishes to invest.

OIH is considering possible investments in the real estate sector through the establishment of various projects, the statement mentioned.

These projects include building large cities for both high-income individuals and low-income individuals outside the capital, Baghdad, the statement clarified.