[size=36]Head of the Investment Authority: We need about 4 million housing units to solve the housing crisis in Iraq[/size]
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, the head of the Investment Authority, Suha Al-Najjar, confirmed today, Saturday, the need for about 4 million housing units to solve the housing crisis in Iraq.
Al-Najjar said, "The authority granted approximately 130 investment licenses during 2021," noting that "work has begun on many stalled projects."
She added, "There are 1,800 vacations between delusional and semi-delusional," noting that "the number of lagging projects exceeds 500."
And she indicated, "The Investment Authority was born during a period of widespread corruption, and reform fighters are present in every sector and field," stressing that "political pressures continue to obtain investment licenses."
And she continued, "We are facing great political pressure regarding the granting of land," noting that "the capital, Baghdad, has been subjected to random construction, and we need 3-4 million housing units to solve the housing crisis."
She pointed out that "the stricter measures increased the bureaucracy," noting that "the real investor does not benefit from the exemptions."
And she added, "We have lost millions of dunams as a result of fictitious and semi-pseudo-projects," pointing to "coordination with the Ministry of Labor regarding the regulation of foreign labor."
On the experience of the Bismayah residential complex, Al-Najjar said: "We seek to repeat the experience of the Bismayah residential city," explaining that "the Bismayah file has been suspended for 3 years due to the dispute with the company."
She noted that "the disbursements of the Basmaya file have exceeded the achievement," stressing that "the commission needs 4 billion dollars to complete Basmaya."
And she added, "The authority prefers to continue with the executing company to complete the Basmaya project," noting that "the process of auditing Basmaya contracts will end in the coming days."
With regard to the Rafael city project, Al-Najjar affirmed that “there is no truth to the existence of demographic changes in the Rafael city project,” indicating that “11 companies are working on the implementation of the Rafael city project.” Ended 29 / p. 87