People & Institutions
Al-Ridha Real Estate Group, Al-Diyar Company, Al-Binaa Al-Markazi Company and Al-Ghadeer Company
Investment licence of the National Investment Commission, for the project: Security Forces model city, Al-Budoor residential.
مجموعة الرضا العقارية وشركة الديار وشركة البناء المركزي وشركة الغدير
Legal status
Not charged as of the date of writing
Not charged as of the date of writing. The consortium received NIC licence 386/2020 for a USD 457.8 million housing city for the security forces in Baghdad. No official finding, court case, sanction or credible press accusation was found. The search was limited and should be repeated (status as of 5 October 2026).
The licence as listed
The list of licensed projects of the National Investment Commission.
- Licensing body
- National Investment Commission
- Licence number
- 386/2020
- Date of grant
- 20 July 2020
- Sector
- Housing
- Project
- Security Forces model city, Al-Budoor residentialمدينة قوى الامن النموذجية (البدور السكني)
- Licensee
- مجموعة الرضا العقارية وشركة الديار وشركة البناء المركزي وشركة الغدير (Iraqi)
- Province
- Baghdad
- Location
- بغداد
- Stated cost
- $457.8 million
- State of the project
- Not reported
Who is behind the licensee
consortium
The owners and managers were not identified in the sources that were read.
What official and press reports say
- Official findings
- None found in the sources checked.
- What became of the project
- Not established. The NIC register gives no completion figure ('؟') and lists no obstacle. No public report on the project, its land or its buyers was found in the sources checked.
- Other contracts with the state
- None found. Licence register only: Model City for the Security Forces, Al-Budour housing (مدينة قوى الامن النموذجية (البدور السكني)), housing, commercial and leisure sector, licence 386/2020 of 20 July 2020, cost USD 457,843,356, Baghdad. This is the largest licence in this group of seven.