The NIC receives a number of Investment applications to build 1 Million housing unit

The NIC receives a number of Investment applications to build 1 Million housing unit

The National Investment Commission ended receiving lots of applications submitted by well-known Iraqi, Arab and foreign companies willing to participate in implementing the 1 million housing unit program (previously was 500 thousand housing unit) raised due to the big number of applications received as there were more than 98 interested investment companies .
NIC is determined to coordinate efforts with the PICs to choose the lands required for the project while currently the commission is planning to negotiate applications submitted by all companies during the months (April, May and June).
Dr Al- Araji confirmed that the planned number of the housing units will be distributed over all the Iraqi provinces including Kurdistan region, he also mentioned that each housing unit value will be 50 thousand dollars (approximately equals 59 million ID), Iraqis will have to pay a quarter of the price while the rest of it shall be paid in installments for ten years.