2. • Housing units
• Public Buildings
• Roads and Bridges
• State owned companies / contracting
• Design & Consultancy Centres
• Laboratories and Research Centres
Duties and responsibilities
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
4. 61 continuous
Projects
10 new projects
Every year
(Ave.600units each )
2 Billion $
Budget
7000 units for
MoCH staff
Oil contracts
Low cost Housing
50000-60000 units
2 Billion$
2012 – 2015
Investment
Total Cost
3 Billion $
Housing Project
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
5. Capital of 300M$
( to be increased to 1 Billion $ by 2016(Housing Fund Legislation 2011))
1- 50% Mortgage system
•Max. of $30,000
•New construction or Extensions only
•Management fees of 2%
•Repayment period of 25 year
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
2- 50% investment in Housing project
• Housing projects only:
• up to 50% of project value
• Finance start after 25% of work program
• Partnership (% of profit)
• Risk assessment
6. TWO WAY Partnership with Housing Fund
- Private sector to use Housing Fund money in Housing
projects
- Private sector to invest their money in Housing Fund (increase
investment capital).
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
8. REPUBLIC OF IRAQ
Ministry Of Construction & Housing
Typical Housing Projects Prices
185 185
235
250
275
150
175
165
190
160 160
190
150
240
160
0
50
100
150
200
250
300
city
9. Iraq National Housing Policy
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
1) Land Management
• infrastructure expansion in peri-urban areas
• create capital from land sale
• integrate the urban and peri- urban areas
• Electronic land registry
• land stamp duty and tax capitation
• prepare and provide land in different scales
2) Housing Production
• restructuring of Enterprises (public) and encourage affordable
housing
• integration and partnership of public and private companies
• Introduce different designs
3) Housing Finance
• Different Housing sources and housing bank to be a secondary
source
• Support for families with low income
• Housing Fund Law
10. Iraq National Housing Policy
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
4) Infrastructure for Housing
• Improve management
•Encourage private sector
5) Housing Management and Maintenance
• introduce min. standard
• Review of policies for multi families housing
• Protection of historical places
6) Housing Construction Materials
• facilitate funds for materials producers
• Encourage PPP
• Encourage local products
• Improve quality control
7) Informal Housing
• Proper survey and introduce appropriate measures
• Fair re-housing
12. State Owned Companies
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
• Building ( Al Fao )
• Roads ( Ashor - Hamoraby)
• Bridges ( Al Mutasim)
• Infrastructure ( Al Farooq )
• Construction Material prod. (Al Rasheed)
• Property Development (Al Mansor )
• Oil upstream services
( Saad )
13. • Upgrade, expand, and rehabilitate production facilities
• Introduce new products
• Develop sales and marketing skills
• Build capabilities to assess market needs, develop pricing strategy...
• Upgrade technical and R&D capabilities
• Resize labour force and introduce systematic training
• Improve quality control systems
• Introduce modern accounting processes and systems
S.O.E needs:
• Government support
• Assets (land and machineries)
• Local market knowledge
• Human resources
What S.O.E Offer ?
REPUBLIC OF IRAQ
Ministry Of Construction & Housing
14. REPUBLIC OF IRAQ
Ministry Of Construction & Housing
Partnership Methodologies:
• Legislation No. 22 1997
Public 51% min
Private 49% max
Governmental companies law applies
• Legislation No. 21 1997
Public 24% max
Private 76% min
Private companies law applies
15. REPUBLIC OF IRAQ
Ministry Of Construction & HousingPilot SOE
McKinsey & com. findings
Annual Con. Output
16. REPUBLIC OF IRAQ
Ministry Of Construction & Housing
Potential partner will provide:
• Technology
(New precast factors)
• Technical Knowledge
(Improve marketing abilities)
• Operational System
(Finance, management)
• Capital investing
(Production lines and equipments)
- No loans
- No financial commitments (loans ,bounds
guarantees)
- No legal disputes
- No masked Unemployment
Potential Partner wishes a trouble free company:
17. 17
Iraq’s 2010 GDP is expected to double in 2013
165.026.7%
2012
144
2011
115
2010
81
2013
Source: IMF
Iraq GDP (IMF)
US$ billions
Nominal dollars
CAGR%