Iraq has approved a project to construct 3,812 houses in the Southeastern Maysan governorate to be funded by the private sector, a news network in the conflict-battered Arab OPEC member said on Monday.
The cabinet has asked the state National Investment Commission in Baghdad to invite developers and other investors for the project, which also includes services and commercial facilities, Mawazine News said.
It said the Construction and Housing Ministry would allocate land with an area of around 1.6 square km for the project.
"The horizontal project will be completed within three years and the investors must agree to build schools, health centres and a civil defence centre on an area of 10,000 square metre at their own expense," the report said.
The project comprises houses of three different sizes, including 212 square metres, 160 square metres and 127 square metres, it added. Source: Zawya