Baghdad: Daiko International announced on Thursday that its investments in Iraq have surpassed $100 million, all made without any bank financing. The company emphasized its commitment to legal compliance, transparency, and cooperation with regulatory bodies, pledging to provide all necessary official documents related to its investment projects in the country.

According to Iraqi News Agency, Daiko International, a prominent player in real estate investment and development, expressed its interest in recent discussions within the Iraqi Parliament concerning their project in Iraq. The company reiterated its dedication to transparency, adherence to the law, and its role as a partner in Iraq's development, particularly in the housing sector, without seeking special privileges.

The company highlighted its strong financial standing and international expertise in major investment and real estate projects. Daiko is currently involved in a significant residential project in Iraq, maintaining high engineering and construction standards under the supervision of specialized experts. The project's procedures are being executed in compliance with Iraqi laws with approvals from relevant authorities.

Daiko addressed concerns regarding the project, stating that the issues raised do not fully reflect the project's realities and should be evaluated based on legal documents and actual progress rather than incomplete information. The company is actively constructing 7,000 housing units to be donated to the Iraqi state for eligible citizens, with significant progress in various governorates, including Baghdad and Diwaniyah.

The company reported an actual completion rate of 23.24% for the Baghdad housing project as of July 4, 2026. Construction continues on multiple phases, with specialized teams under direct supervision ensuring adherence to official programs. However, work in Diwaniyah Governorate is pending due to land handover delays beyond Daiko's control.

This initiative exemplifies Daiko's commitment to social responsibility and sustainable development in Iraq. The company prides itself on self-financing the project without relying on advance payments or bank loans, reflecting its financial independence and capacity to meet obligations. Daiko's investment has contributed to job creation and economic growth in Iraq.