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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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Established in 2006 as a Community of Reality

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    Directive from the Investment Authority regarding housing unit prices

    Rocky
    Rocky
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    Directive from the Investment Authority regarding housing unit prices Empty Directive from the Investment Authority regarding housing unit prices

    Post by Rocky Thu 13 Jul 2023, 5:05 am

    Directive from the Investment Authority regarding housing unit prices

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    Economy News - Baghdad
    On Wednesday, the head of the Investment Commission, Haider Muhammad Makiya, instructed the investment commissions in all governorates to oblige the investing companies with the prices proven by the economic feasibility studies, according to which the investment license was granted, and to pay the dues for the sale of housing units in Iraqi dinars "exclusively."
    Makiya said in a statement, "The authority puts in the context of its priorities serving the citizen by providing an appropriate housing environment at the level of infrastructure and prices for housing units, in addition to the authority's supervision of investment projects and addressing the challenges and obstacles that impede the completion of projects."
    And he stressed, "The aim of this directive is to control the price of housing units in investment complexes after recording a set of indicators about the work of some companies executing projects and selling housing units at high prices."
    He added, "Investing companies must abide by the prices proven in economic feasibility studies and with the controls and instructions issued by the Ministry of Planning and the Central Bank of Iraq regarding dealing at the official exchange rate and paying dues for selling housing units exclusively in Iraqi dinars."
    He explained, "The legal procedures will include investors who violate the provisions of Law No. (13) for the year 2006 as amended and the regulations and instructions issued thereunder, with the application of the provisions of Article No. (28) of the Investment Law and blacklisting violators in accordance with Controls No. (1) for the year 2023 approved in this regard." .
    Makiya pointed out that "the directive included stopping the sale of housing units to projects that are not committed to the official exchange rate and paying dues for housing units in Iraqi dinars exclusively, provided that stopping the sale does not prevent the completion of the project and affects the timetable for its implementation."
     




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