Erbil is moving ahead with 367 active housing projects, while the government plans to provide 24-hour electricity to all developments.
The Kurdistan Board of Investment Chairman, Mohammed Shukri, announced the projects and outlined a temporary pause on new licenses. This pause allows authorities to ensure sustainable and organized urban planning. Over 160 licenses have already been revoked from negligent investors and reassigned.
Shukri explained that this measure strengthens accountability and supports the region’s growing housing sector. “We are actively monitoring all projects,” he said. “Any negligence will face consequences immediately.”
The chairman emphasized that existing developments are central to expanding the local workforce. Authorities are resolving unfinished projects to restart investments and guarantee their completion. This oversight ensures both quality and timely delivery.
Shukri highlighted that despite price levels, housing demand remains strong, particularly for high-quality developments. “The market shows a clear revival,” he said.
He also provided updates on essential services, confirming that many housing projects already have continuous electricity. In the coming week, six additional projects will receive uninterrupted power. Eventually, all residential compounds will join the electricity supply project, treated like other established neighborhoods.
Further boosting the local economy, Shukri revealed that Iraq’s largest gypsum board factory will soon operate in Erbil. He stressed that all projects should prioritize local materials to support regional industries.
The announcement coincided with Prime Minister Masrour Barzani inaugurating the 6th International Real Estate and Housing Exhibition in Erbil. The four-day event features 280 local and international companies from 16 countries. Barzani praised international interest in Kurdistan’s stable environment and economic potential.
The exhibition also emphasizes job creation, mandating that 75 percent of new positions go to local workers. This aligns with the government’s broader economic diversification goals.
Overall, Erbil’s housing sector is entering a new phase. With strategic oversight, high-quality services, and international engagement, the city is building a sustainable, regulated, and robust real estate market.