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Economy News - Baghdad
On Friday, the General Secretariat of the Council of Ministers revealed a government approach to building low-cost housing units and providing soft loans.
"The prime minister directed, on more than one occasion, towards providing services and reconstruction to all Iraqi governorates without exception," said Haider Majeed, a spokesman for the Municipality, to the official news agency.
He explained, "The directives also included building low-cost housing units, and this is in line with the strategic plan to reduce poverty and help the poor classes, as well as finding alternatives to slums in coordination with the concerned governorates and ministries," noting that "the project will achieve real financial benefit in terms of low costs and speed of completion." ".
He added, "The government's approach also includes providing services in the next stage, including helping citizens below the poverty line, in addition to the existence of directives in which government banks were instructed to provide soft loans with reduced interest for the purpose of construction."
He continued, "The residential complexes that will be built in the governorates will be similar to the city of Bismayah, and this matter concerns the Investment Authority and the land areas there will determine whether the construction is horizontal or vertical."
Majid confirmed, "The Ministry of Planning has statistics and data on the level of poverty in the provinces, and it had a successful experience in distributing low-cost homes in the provinces, and there was a successful experience in Anbar province."
Added 11/25/2022 - 1:11 PM
Updated 11/25/2022 - 2:18 PM
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