Huge housing projects underway
Al-Khafaji pointed out that most of the companies that received these projects have a strong reputation and potential, stressing that the committee follows up on the work of these companies, in addition to continuous coordination with the concerned bodies, such as the National Investment Authority and the Supreme Committee for Investment and Reconstruction.He added. <“In the coming years, we will witness a qualitative leap in the housing sector, supported by close cooperation between the government, parliament and the investment committee,” he added. This comes as the government announced the construction of six new cities as part of a program aimed at providing 500,000 housing units over the next five years.
Housing Fund: Initiatives to support citizens
<The Ministry of Construction, Housing, Municipalities and Public Works announced plans to enhance the role of the Housing Fund in covering the largest number of beneficiaries. Ministry spokesman Nabil al-Saffar explained that the budget allocated to the fund ranges from 600 to 750 billion dinars annually, with the possibility of increasing it based on the amounts recovered from loans.Saffar added that the budget allocated to the fund ranges from 600 to 750 billion dinars annually. <Al-Saffar added: “We succeeded in raising the total amount granted in 2024 to 1.08 trillion dinars, which allowed 16,000 beneficiaries to be covered by loans.” He also referred to the system of recycling refunds, which ensures that more citizens benefit.
Saffar added.
Launching housing loans: New batches on the way
The Ministry announced February 2 as the date for the launch of a new batch of housing loans, confirming its continued support for housing projects, which is one of the main axes for improving infrastructure and the lives of citizens.
These initiatives reflect the government's focus on improving the lives of citizens. These initiatives reflect Iraq's orientation towards achieving a developmental boom in the housing sector, based on an ambitious government vision that seeks to ease the burdens of citizens and achieve a qualitative leap in the real estate scene through huge investment projects and innovative financing funds.
The ministry announced that February 2 is the date for the launch of a new batch of housing loans, stressing its continued support for housing projects, which is one of the main axes to improve infrastructure and citizens' lives.
