NIC to develop Investment Models for New Sadr City Project

Prime Minister Mohammed S. Al-Sudani presided over a meeting of the Higher Committee for the New Sadr City Project, focusing on advancing infrastructure and housing initiatives for this major urban development.

Key Decisions and Updates:

  • Progress on Phase One
    • Reviewed advancements in awarding contracts for infrastructure projects.
    • Phase One comprises 11,000 housing units, initiated as per the Council of Ministers’ resolution on November 26, 2024.
  • Investment Models for Housing Units
    • Directed the development of investment models for Phase One and Phase Two, which collectively encompass 60,000 housing units (11,000 in Phase One and 49,000 in Phase Two).
    • Assigned technical and economic advisors to collaborate with the National Investment Commission (NIC) on model creation.
  • Advisory and Consultancy Support
    • Invited reputable consulting firms to provide advisory services for the project’s infrastructure and housing components.
  • Archaeological and Utility Considerations
    • Directed the completion of evaluations for archaeological sites to determine suitability for development.
    • Identified optimal locations and finalized the models for power stations to supply electricity to the new city.
  • Daily Reporting and Accountability
    • Ordered the submission of daily reports on progress to ensure transparency and adherence to timelines.

(Source: PMO)