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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Iraqi Investment Authority: Measures to reduce the rise in housing prices

    Rocky
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    The Iraqi Investment Authority: Measures to reduce the rise in housing prices Empty The Iraqi Investment Authority: Measures to reduce the rise in housing prices

    Post by Rocky Wed 11 Aug 2021, 7:25 am

    The Iraqi Investment Authority: Measures to reduce the rise in housing prices
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    Iraqi National Investment Authority
     August 11, 2021 02:21 PM
    Mubasher: The Iraqi National Investment Authority revealed, today, Wednesday, its projects to reduce the population momentum in Baghdad, while referring to its measures to limit the rise in housing prices.
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    The head of the National Investment Commission, Suha Al-Najjar, told the Iraqi News Agency "INA": "The problem of large population expansion is one of the most prominent problems facing the capital Baghdad for many years, which began after the migration of the population of the provinces to Baghdad in search of job opportunities, and this was accompanied by an expansion in The areas designated for the residential sector, which require the provision of services and infrastructure,” noting that “the circumstances that the country has experienced prevented the completion of projects that provide services.”
    Al-Najjar added, "There are a number of projects that continue to be completed and that have been withdrawn outside the borders of the Municipality of Baghdad in order to reduce the momentum in Baghdad, such as the Basmaya project and other future projects that are being worked on, most notably the Rafael city project, which consists of 106,000 acres and its location will be in the lands surrounding Baghdad Airport." international".
    She explained that "the rise in the prices of housing units is one of the main reasons for the lack of supply and the increase in demand."
    He pointed out that "the authority is working to reduce the rise of housing units through the establishment of 11 residential cities in Baghdad and the provinces, where approvals were obtained and the preparation of them began as investment files for the residential sector with different areas."
    And she added, "These projects will contribute to absorbing unemployment and moving the wheel of the economy in the region, as well as easing the population momentum in Baghdad and other regions.
    She pointed out that "the investment sector is of great economic importance, especially as it plays a role in the formation of fixed capital, especially since many sectoral countries resort to maximizing their resources by relying on it."
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