The project was initiated in 2012 and is still under construction, with a planned completion date of 2023. The city is being built on an area of approximately 2,500 hectares and is expected to accommodate a population of around 200,000 people.

One of the primary objectives of Al-Amaal City in Basra is to provide affordable housing for the local population. The city will have a variety of housing options, including apartments, villas, and townhouses, with prices that are lower than the market rates in Basra.