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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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An economic researcher talks about the approximate number of housing units established and financed

rocky
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An economic researcher talks about the approximate number of housing units established and financed  Empty An economic researcher talks about the approximate number of housing units established and financed

Post by rocky Fri 10 Sep 2021, 7:22 am

An economic researcher talks about the approximate number of housing units established and financed by the government
[You must be registered and logged in to see this image.]  09/10/2021

, the researcher in political and economic affairs, Nabil Al-Ali, spoke about the approximate number of housing units established and funded by the government.
Al-Ali said in a statement, "The approximate number of housing units established and funded by the government in its investment budgets from 2003 to 2014 is approximately 15,000 housing units, with a total of approximately 30 housing projects distributed in 15 governorates, with the exception of the Basmaya housing project, which represents a hybrid between government financing and private investment. ".
He added, "Most of these projects are fully completed, and they have not been distributed due to a dispute over the distribution mechanisms and who are the eligible parties. Therefore, these projects did not provide any significant benefit, and given their numbers compared to the demand gap for housing units estimated at 3 million housing units, we find that What the government has provided does not exceed 1% of the increasing market demand for housing units.”
He added, "The total government spending on housing projects from 2003 to 2014 does not exceed one billion dollars, which is a very, very small amount when compared to the total expenditures, which approached 1,000 billion dollars in the same period." 
And Al-Ali said, "Since 2014, the government has stopped financing housing projects within its investment budgets due to crises and budget deficits. After 2014, governments turned to granting investment licenses to establish housing complexes through investment funded by the private sector."
He explained that "this type of investment in the housing sector has witnessed a remarkable growth" since 2018, but the number of units completed or under completion is also limited and does not cover the demand.
Al-Ali confirmed that “the Al-Kazemi government intends, within the “Dari” initiative, to distribute residential plots of more than 500,000 plots of land prepared for housing purposes, and this distribution may reflect positively” on the worsening housing crisis, and achieve a decrease “in demand of approximately 25 percent.” If it is invested properly and leads to the creation of these new cities."

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