NIC Chairman Stresses the Importance of allocating the Lands required for the One Million Housing Units Project

NIC Chairman Stresses the Importance of allocating the Lands required for the One Million Housing Units Project

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During his Meeting with the PICs Chairmen
NIC Chairman Stresses the Importance of allocating the Lands required for the One Million Housing Units Project

NIC Chairman, Dr. Sami Al- Araji gave his directives to the PICs chairmen to accelerate finalizing all technical requirements for allocating the lands needed to implement the project of building the One Million Housing units all over Iraq according to the available lands in each province.

The directives came during the meeting headed by Dr. Sami and attended by PICs chairmen referring that NIC had completed all technical requirements to start the construction of 200 thousand housing units 100 thousand units of which in Bismaya which shall be implemented by Hanawa South Korean Company as an electronic program had been prepared to register people willing to buy these units which shall be announced soon by NIC.

While the second site will be in Basra (Tanooma) of 100 thousand housing units to be implemented by “Track” South Korean company where all technical requirements regarding the soil surveys and final designs had been obtained referring that the NIC is going forward in implementing the other provinces quota of the One Million housing Units Project.

In the other hand, NIC Chairman stressed the importance of finalizing the investment map update by the team assigned for this task aiming at specifying all investment opportunities especially the strategic ones in a way that make them ready to be internationally prevailed.

Regarding the investment law and requirements of the coming stage, NIC Chairman clarified that suggestions for amending some of the investment law provisions and Statute (7) will be submitted in order to save the rights of the state and investor and to help in finding the suitable legal compromises to avoid overlapping between the current valid laws which contradicts in some of its issues the investment law.

Dr. Al- Araji listened to a number of suggestions and opinions by PICs chairmen regarding the investment in various sectors promising to eliminate all obstacles hindering the implementation of investment projects all over the country.