The head of the National Investment Authority stresses adherence to the prices of feasibility studies for selling residential units.

The head of the National Investment Authority, Dr. Haider Muhammad Makkiya, stressed: It is necessary to adhere to the prices established in feasibility studies to sell residential units in investment complexes in Baghdad and the governorates.

This came during his inspection of the Lion of Babylon housing project in Baghdad in the presence of the Deputy Chairman of the Authority, Mr. Salar Muhammad Amin.

The Chairman of the Authority confirmed during his visit to the sales center in the complex, The importance of adhering to the prices established in the feasibility study for selling residential units and providing the best standards of sustainable services to citizens.

He added that the National Authority formulates the investment policy in a way that secures the relationship between the investor and the Authority on the one hand and the citizen on the other hand. Pointing out that the citizen is looking forward to solid projects that provide him with the elements of a suitable residential environment for living.

From its inception, the Prime Minister’s government program identified a strategy to address the housing crisis. Many meetings were held for the cities’ teams to address this crisis and its roots, which resulted in the establishment of integrated sustainable residential cities and not the expansion of residential complexes with a limited number of residential units.

Population centers were chosen in Baghdad and the other governorates, far from city centers and their bottlenecks.

At the end of August this year, the National Investment Authority announced five residential cities as international investment opportunities as the first phase.

The first city whose license was granted by the National Investment Commission at the beginning of December was the city of jewelers after organizing the economic relationship between the state and the investor through an economic model in various European countries. The investor will participate in providing serviced lands or ready-to-use housing units to the state, at a certain percentage of the project area, and housing unit prices available to citizens.

The New Al-Jawahiri City project will allocate 25% of the lands served with all its infrastructure, which the state will distribute to different categories according to the categories approved by the National Housing Council.

It will provide Al-Jawahiri City with 7,121 dunams, 30 thousand diverse housing units, And 10 thousand serviced residential plots of land to be distributed to citizens of different categories.

The head of the National Investment Commission inspects investment projects in Baghdad and confirms the government’s keenness to strengthen the private sector environment in Iraq.

The Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, conducted An inspection tour of the Rixos Hotel and Resort Investment Project in Baghdad, He directs the necessity of adhering to work schedules and achieving calculated completion rates.

The head of the National Authority said, During his inspection of the work processes in the project, Informing him of the implementation plans, The Rixos project represents a cultural interface for the country. It is considered one of Baghdad’s most important modern tourist and investment resorts. Stressing that the progress of work within the project has become clear, Mainly after Prime Minister Engineer Muhammad Shiaa Al-Sudani laid the foundation stone for the project last August, Evidence of the keenness to enhance the indicators of the investment environment and its enjoyment of the elements of security and stability that stimulate vital projects in Baghdad and the provinces.

Makiya added during a meeting with the resident engineer and representatives of the company implementing the project, The National Investment Authority monitors its projects in Iraq, It develops solutions to address the challenges it faces to complete them within the time frames established by feasibility studies.

The Chairman of the Authority stressed that such projects should be It serves as a vital arm and support for the national economy by maximizing the state’s resources and general budget through the optimal investment method.

The inspection tour also included His Excellency the Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, Downtown Baghdad project and reviewing the completion rates achieved in it, Which represents the tallest skyscraper in Iraq, with (65) floors.

Makiya confirmed, During an expanded meeting with the implementing company and the engineering and technical work team at the project site, The necessity of maintaining the increasing pace of work to achieve completion rates, With the accuracy of the technical specifications and engineering standards included in the project designs.

The head of the National Authority stated during his tour with the engineering and consulting team in the project’s buildings and towers, The importance of adhering to the prices established in the feasibility study, We provide citizens with the best services and benefits of a sustainable residential environment.

 

Makiya pointed out, To support the Authority for investment projects distinguished by their sustainable construction methods at the level of services, modern designs, and objective feasibility studies.

The chairman of the National Investment Authority leads a meeting of the opinion committee to discuss the progress of work being done in Bismaya.

Dr. Haider Muhammad Makkiya, Chairman of the National Investment Authority, presided over the meeting. An opinion committee convened a meeting to discuss recent developments in the residential city of Bismaya.

The Chairman of the Authority confirmed, In the meeting attended by general directors and department officials, The importance of continuing to complete the procedures related to the South Korean company Hanwha, project financing, Registered citizens receive housing units.

The meeting discussed, The necessity of strengthening the components of the local investment environment by simplifying procedures and implementing the law to ensure investor protection. We are encouraging confidence in the investment reality in Iraq.

The Chairman of the National Investment Authority visits the State of Qatar and meets with the Minister of Industry and Trade.

The Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, discussed Cooperating with Qatar’s Minister of Trade and Industry, Sheikh Mohammed bin Hamad bin Qassim Al Thani, to expand investment opportunities.

His Excellency the Chairman of the Authority confirmed, It is important to establish strong investment relations with the State of Qatar. To achieve economic integration in the development of major vital projects.

The Chairman of the National commission help my writing process, I used these Grammarly AI prompts: The opportunities available in Baghdad and the governorates, distributed across all sectors, Including residential, industrial, transportation, railways, renewable energy, agriculture, and others.

The meeting discussed mechanisms for increasing cooperation between the two countries in strategic project sectors that constitute a priority in Iraqi society.

For his part, the Qatari Minister of Commerce and Industry appreciated, Visit of His Excellency the Chairman of the National Investment Authority, Expressing his country’s readiness to cooperate in supporting the private sector in Iraq, Promising and purposeful incentives, legislation, and opportunities to encourage investors, business people, and company owners to invest in the two countries.