Al-Kadhimi: we seek to reach one million housing units

Baghdad-INA

Prime Minister Mustafa Al-Kadhimi confirmed on Saturday, the government's efforts to reach one million housing units, while pointing out that work is underway to launch more than ten similar residential projects in Baghdad and other provinces.

During his visit to the Basmaya residential complex, Al-Kadhimi said (I am pleased to visit the city of Basmaya, to supervise the implementation 

process of the decisions taken and direct them to expedite.

Al-Kadhimi also said: During the past year, we provided the required amounts for the company to execute the project to intensify work in it, after the company's work had been suspended since 2019 due to the economic crisis, useless laws and improper management, and we reduced the percentage of the minimum down payment from 25% to 10% to facilitate the process of purchasing for the Citizens, and we have also reduced the annual interest rate from 4% to 2% in support of citizens in light of the current economic challenges.

Al-Kadhimi added: We are working to support Basmaya city by establishing the required infrastructure, including the construction of a highway between Basmaya and Baghdad, allocating sufficient funds it in this year's budget, and we have also worked to support several economic projects and small investment opportunities for citizens to activate the wheel of economic movement in Basmaya city, declaring that the government removed all the obstacles to establish new residential city (Al-Rafeel).