Important updates on the Bismaya City project

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Important updates on the Bismaya City project

Ladies and gentlemen who are registered on the Bismayah City project.
M/Follow-up

As the New Year begins, the National Investment Authority (NIA), headed by Prof. Dr. Haider Mohammed Makkiya, extends its warmest congratulations and wishes for a year full of goodness and blessings to all residents and registrants of the Bismayah City project. As part of our commitment to transparent communication with our esteemed audience, we are pleased to answer the most prominent inquiries and comments that we have received, as follows:

1. The date of delivery of residential units:

  • As for the residential units that were expected to be delivered by the end of last year, we emphasize that the delay in delivery is due to the incomplete completion of the city’s water project.
  • The authority has taken several measures in coordination with the concerned authorities to complete this project, and will start distributing the units as soon as it is completed.

2. Inquiries from registrants who have not received their units:

  • The authority has already clarified and reiterates that it has completed the delivery of all units to those registered on the project, with the exception of the western styleunits, which has been suspended for more than four years.
  • Delivery for the western style will resume during the current year.

3. Special exceptions:

  • The exceptional cases referred to, which relate to people with special humanitarian needs, fall under the jurisdiction of the head of the Authority.
  • We clarify that these cases are very few and do not affect the total number of remaining units, which will be distributed according to their eligibility.

4. Those registered through the Ur online platform:

  • For those who registered for the project through the Ur electronic platform, which amounts to about 70,000registrants, we would like to inform you that:
    • Promotion of allotment transactions will start from 2026 at a rate of 10,000 housing units per year.

5. Explanation of project financing:

  • Regarding the phrase “beneficiary financing of the project”, we emphasize that
    • Your purchase will remain unchanged.
    • The beneficiary (registered on the project) will be obliged to pay only 10% of the value of the residential unit, while the remaining percentage will be financed by the respective bank with a repayment period of up to 25 years.

6. Resuming work on the project:

  • A draft contract was signed between the Iraqi and Korean sides to resume work on the project.
  • The contract will come into effect this year after the Cabinet approves the annex to the contract.
  • Hanwha will start the remaining work on the project in the near future.

Acknowledgments:

We thank you for your cooperation, patience and trust, and we look forward to continuing to work together for a better future for Bismayah and its residents.

National Investment Authority
January 2, 2025

A special announcement for contractors on the Bismayah City Housing Complex project for the two systems (Authority contracts and bank contracts). and bank contracts )

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A special announcement for contractors on the Bismayah City Housing Complex project for the two systems (Authority contracts and bank contracts).
and bank contracts )

Ladies and gentlemen who are contracted for the Bismayah City Residential Complex project for both systems (Authority Contracts and Bank Contracts).
and bank contracts) Review the banks to pay the overdue installments.

Authority contracts :
Article (5) of the contract between the citizen and the Authority (filing a lawsuit to evict the residential unit from its occupants and offering it for public auction) will be applied after the expiration of the deadline specified below.

Bank contracts :
Article (4) of the contract concluded with the citizen and the Authority will be applied (a financial penalty of 10,000 dinars (ten thousand dinars) for each day of delay after the expiration of the deadline specified below.

The last date for paying installments and bringing the clearance shall be 31/12/2024, otherwise the paragraphs stipulated in the above will be applied after the mentioned date.

With appreciation…

Official announcement

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Official announcement

To enhance the safety and security of the residents of the city of Bismayah and improve services and safety. It was decided that pedestrians and vehicles would enter the city through electronic gates implemented with the advanced e-Pag system. Gates using the e-card will facilitate entry. As of Sunday, 7/21/2024.

All residents are kindly requested to visit the NIA office in B1 to update information. Within 10 days from the date of this announcement.

Together to make Bismayah more beautiful and safer.

The Chairman of the National Investment Authority is confidently steering the board meeting as they discuss the various negotiation stages required to successfully complete the Bismaya Residential City project.

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During a recent meeting, the Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, confidently led discussions on various negotiation stages required to successfully complete the Bismaya Residential City project. The negotiations focused on renewing the investment contract for the South Korean company Hanwha, and other related topics.

Dr. Makkiya confirmed that the Authority is committed to completing the project and providing appropriate housing services for citizens. He also mentioned that the Authority is actively seeking investment opportunities in other governorates, similar to the city of Bismayah.

During the meeting, Dr. Makkiya also discussed controls for changing activity for investment projects, controls of projects excluded from the National Authority, and controls for announcing investment opportunities.

The National Investment Authority announces the names of the second batch of citizens to receive their housing units in the city of Bismayah.

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The National Investment Authority announces the names of the second batch of citizens to receive their housing units in the city of Bismayah.

The National Investment Authority announced the names of the second group of citizens contracting to purchase housing units in the city of Bismayah.

The Authority’s official spokesman, Dr. Muthanna Al-Ghanimi, said: The National Investment Authority announced the names of the second group of citizens contracting to purchase housing units in the city of Bismayah for the years (2021/2022), For its original receipt, January and February of the current year (2023),

He added that the Authority will deliver the housing units to its contractors after receiving them from the South Korean company Hanwha Engineering and Construction. The company receives its financial dues.

Noted by Al-Ghanimi, Citizens who have completed their banking transactions for the aforementioned years, The individuals are required to visit the National Investment Authority headquarters within three days for inquiries as their names were not included.

The leader of the National Investment Authority inspected the residential city of Bismaya. They discussed the requirements with Korean company Hanwha to build 14,000 schools in Baghdad and other provinces.

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The head of the National Investment Authority inspected the Bismaya residential city and discussed the requirements for implementing 14,000 schools in Baghdad and other provinces with the Korean company Hanwha.

The Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, conducted an inspection tour of the residential city of Bismaya. He looked at the school buildings, their areas, designs, laboratories, and production lines. With the Minister of Education, Dr. Ibrahim Namis Al-Jubouri, the Prime Minister’s Advisor, Dr. Adnan Al-Sarraj, and the Vice President of the Korean Hanwha Company, Mr. Jung Hoon Lee.

His Excellency the Chairman of the Authority said during his tour of the city with the Minister of Education and the Prime Minister’s Advisor: The Bismayah project is one of the most vital strategic projects in the residential sector in Baghdad. It addresses an integral part of the housing problem by providing (100) thousand housing units.

He added that the Iraqi government is determined to create new, integrated cities in most of Iraq’s governorates according to sustainable construction methods, similar to the Bismayah experience.

For his part, the Minister of Education, Dr. Ibrahim Namis Al-Jubouri, expressed: His thanks to His Excellency the Chairman of the Authority for following up on the issue of establishing schools in Baghdad and the governorates, Service to the educational sector through the South Korean company Hanwha.

As the Prime Minister’s Advisor, Dr. Adnan Al-Sarraj, explained, The importance of bridging relations between state institutions in the context of implementing the government program, especially the educational sector, through solid companies specialized in construction and investment methods.

The Chairman of the Authority also held a meeting with the Vice President of the Korean company, Mr. Jong Hoon. They discussed the possibility of establishing (16,000) schools throughout Iraq. By the precise engineering specifications and technical standards that characterize the company’s work in residential units in Bismayah City, Within specific time limits without affecting the work of constructing housing units in the city.

The head of the authority continued, A work program will be launched soon with the Koreans regarding the establishment of schools after reviewing the plans prepared by the company and the Ministry of Education to implement the work according to the contract’s wording, which will include the agreement’s details.

Notice to the ( announce new investment opportunities to establish new cities in the Iraqi governorates )

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Notice to the ( announce new investment opportunities to establish new cities in the Iraqi governorates )

on the request of many investment companies, To make up for the holidays of Eid al-Adha, The period for purchasing the (investment opportunity file) will be extended for the new cities (which were previously announced on 1/6/2023), For interested investors and investment companies, Until the end of official working hours on Thursday 6/7/2023.