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The Council of Ministers decided, on Tuesday, that loans to purchase housing units in investment complexes should be interest-free, while she referred to the Baghdad Renaissance project.
Cabinet spokesman Hassan Nazim said in a press conference attended by Mawazine News that “the Central Bank’s initiative loans committee has been activated,” indicating that “the loans for the purchase of housing units in the investment complexes will be interest-free, at an amount of 75 million dinars, with a repayment period of 20 years.” .
He added, “The Council of Ministers hosted the Mayor of Baghdad for his discussion on the Baghdad Renaissance Project, and Al-Kazemi asked him to develop complete plans for covering the streets and neighborhoods of the capital.”
He pointed out, “The Baghdad Renaissance campaign includes laying 16 million square meters in neighborhoods and shops in the capital.”
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