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Al-Kazemi’s advisor: Investment companies will provide services for residential lands within the “Da
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Al-Kazemi’s advisor: Investment companies will provide services for residential lands within the “Dari” initiative
The Prime Minister's Adviser for Reconstruction Affairs, Sabah Abdel Latif, announced that he is negotiating with investment companies to provide infrastructure in the areas where residential lands will be distributed within the "Dray" initiative.
Abdul Latif said in an interview with the Iraqi News Agency and followed by "Al-Iqtisad News", that "the Central Bank has increased the capital of the Housing Fund, and this will be reflected in the loans granted to build housing units."
He added, "The second phase of the "Dari" project is for the Ministry of Construction to negotiate with investment companies to provide the service for the sites in which the lands will be distributed," stressing that "the services will be provided by the investing agencies represented in infrastructure and superstructures such as water, electricity, sewage and superstructure, represented by health and school services. and others".
He pointed out that "the investor companies will take part of the lands in return for providing services so that they become serviced areas," stressing that "the Ministry of Construction is now in the process of studying the companies' offers and delegation and choosing the companies that will provide services to the sites."
During its session held on September 22, 2021, the Council of Ministers voted on the mechanism for distributing residential lands according to the Dari initiative, while Minister of Planning Khaled Battal indicated that loans from government banks will be provided to citizens covered by residential lands.