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Investment Authority, announces the signing of a final contract close with the Korean company to create complex Basmaja residential
Author: HM Editor: HAH | BR Sunday 12 شباط 2012 16:00 GMT
Chairman of the national investment Sami al-Araji
Sumerian News / Baghdad
announced that a national investment, Sunday, near the signing of the final contract with the Korean company to create complex Basmaja housing by 100 thousand housing units, confirming that the company will complete 1,700 residential units per month, as pointed out its intention to re-open the register again on the remaining units . The head of a national investment Sami al-Araji, during a press conference held at the Authority in Baghdad and attended by "Alsumaria News", "the Commission is negotiating a final with Hanwa Korean to build 100 thousand housing units in Baghdad in preparation for signing the final contract with them after the presentation to the Council of Ministers for approval it, "noting that" the body needs the cooperation of all relevant ministries to complete the infrastructure of the complex. " Araji said that "the recent negotiations with the company and which will expire during the next few weeks, comes within the keenness of the Authority to ensure the rights of the investor and the citizen and the state alike," referring to that "negotiations on how to receive apartments and payments, and some legal texts important to the parties." He al-Araji, that "the project, which is one of the biggest projects in the Middle East will be under which the construction of housing units with services thereto in the Basmaja Baghdad on an area of eight thousand acres," pointing that "the units will provide shelter more than 600 thousand citizens." He al-Araji, that "the company has pledged to complete the infrastructure for the project in two years and then begin the process of construction of these housing units and by 1700, housing units a month," expected to be completed the company's first 25 thousand housing units during the first three years of implementation and then the rest of the housing units after seven years. " He al-Araji, that "the body will open registration again for housing units remaining that are not recordable in the coming period," noting that "about 70 thousand citizens signed up to These housing units. " The town of Basmajh southeast of Baghdad and about 10 km from the city limits on the road between Baghdad and Kut. and was chairman of the national investment, Sami al-Araji, said on the third of August of 2011, that the Authority agreed with the Korean and U.S. to build 200 thousand housing units in Baghdad and Basra, out of a million units seeking to implement them for the end of 2014. The Commission decided in September of 2011, raising the price of the housing unit in the Basmaja southeast of Baghdad, to $ 600 per square meter for up to 60 thousand dollars to an area of 100 square meters after it was due $ 500 per meter, "pointing out that raising the price of the housing unit comes to provide the requirements of the infrastructure of the housing unit. was opened by the Commission on 25 September 2011, the registration and through its website on these units, having shown that the priority Registration will be for staff and then retired and then citizens. acknowledged the Iraqi parliament in October 2006 Iraqi investment law, which it was said at the time that it will open the doors wide open to foreign investment, due offer a lot of facilities to foreign investors, many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each of privileges, with the exception of real estate ownership, as can a foreign investor to rent the land for 50 years that can be for renewal, according to paragraph 11 of the Investment Law and investors should be brought their projects to the National Commission for Investment, or the Investment Commission of the region, or province, to get investment licenses, and they can apply for investment license to the "Circle of One Stop Shop", developed by the National Investment Commission, and authorized to inform the investor's decision to the final in 45 days, to eliminate red tape in the granting of leave investment. and announced the Council of Ministers in 2007 to form a higher committee for the draft National Housing chaired by the Minister of Construction and Housing and the membership of each of the agents and the Minister of Finance and Planning Minister, Minister of Municipalities and Public Works, and the Secretariat of Baghdad, to eliminate the housing crisis worsening in Iraq, through the establishment of residential buildings in Iraq for distribution to income average and below average. noteworthy that Iraq suffers from a housing crisis suffocating due to the increasing number of population compared with the number of residential complexes, as well as the inability of citizens with limited income from the construction of housing units of its own because of high cost of land and construction materials are estimated at the Ministry of Construction and housing need for Iraq to three million housing units to meet the housing crisis in Iraq.
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Author: HM Editor: HAH | BR Sunday 12 شباط 2012 16:00 GMT
Chairman of the national investment Sami al-Araji
Sumerian News / Baghdad
announced that a national investment, Sunday, near the signing of the final contract with the Korean company to create complex Basmaja housing by 100 thousand housing units, confirming that the company will complete 1,700 residential units per month, as pointed out its intention to re-open the register again on the remaining units . The head of a national investment Sami al-Araji, during a press conference held at the Authority in Baghdad and attended by "Alsumaria News", "the Commission is negotiating a final with Hanwa Korean to build 100 thousand housing units in Baghdad in preparation for signing the final contract with them after the presentation to the Council of Ministers for approval it, "noting that" the body needs the cooperation of all relevant ministries to complete the infrastructure of the complex. " Araji said that "the recent negotiations with the company and which will expire during the next few weeks, comes within the keenness of the Authority to ensure the rights of the investor and the citizen and the state alike," referring to that "negotiations on how to receive apartments and payments, and some legal texts important to the parties." He al-Araji, that "the project, which is one of the biggest projects in the Middle East will be under which the construction of housing units with services thereto in the Basmaja Baghdad on an area of eight thousand acres," pointing that "the units will provide shelter more than 600 thousand citizens." He al-Araji, that "the company has pledged to complete the infrastructure for the project in two years and then begin the process of construction of these housing units and by 1700, housing units a month," expected to be completed the company's first 25 thousand housing units during the first three years of implementation and then the rest of the housing units after seven years. " He al-Araji, that "the body will open registration again for housing units remaining that are not recordable in the coming period," noting that "about 70 thousand citizens signed up to These housing units. " The town of Basmajh southeast of Baghdad and about 10 km from the city limits on the road between Baghdad and Kut. and was chairman of the national investment, Sami al-Araji, said on the third of August of 2011, that the Authority agreed with the Korean and U.S. to build 200 thousand housing units in Baghdad and Basra, out of a million units seeking to implement them for the end of 2014. The Commission decided in September of 2011, raising the price of the housing unit in the Basmaja southeast of Baghdad, to $ 600 per square meter for up to 60 thousand dollars to an area of 100 square meters after it was due $ 500 per meter, "pointing out that raising the price of the housing unit comes to provide the requirements of the infrastructure of the housing unit. was opened by the Commission on 25 September 2011, the registration and through its website on these units, having shown that the priority Registration will be for staff and then retired and then citizens. acknowledged the Iraqi parliament in October 2006 Iraqi investment law, which it was said at the time that it will open the doors wide open to foreign investment, due offer a lot of facilities to foreign investors, many foreign companies are still hesitant because of fears that the security situation is stable in Iraq, adding that the law did not give investors the right to ownership of the property the project, and equated the Iraqi investors and foreign investment in each of privileges, with the exception of real estate ownership, as can a foreign investor to rent the land for 50 years that can be for renewal, according to paragraph 11 of the Investment Law and investors should be brought their projects to the National Commission for Investment, or the Investment Commission of the region, or province, to get investment licenses, and they can apply for investment license to the "Circle of One Stop Shop", developed by the National Investment Commission, and authorized to inform the investor's decision to the final in 45 days, to eliminate red tape in the granting of leave investment. and announced the Council of Ministers in 2007 to form a higher committee for the draft National Housing chaired by the Minister of Construction and Housing and the membership of each of the agents and the Minister of Finance and Planning Minister, Minister of Municipalities and Public Works, and the Secretariat of Baghdad, to eliminate the housing crisis worsening in Iraq, through the establishment of residential buildings in Iraq for distribution to income average and below average. noteworthy that Iraq suffers from a housing crisis suffocating due to the increasing number of population compared with the number of residential complexes, as well as the inability of citizens with limited income from the construction of housing units of its own because of high cost of land and construction materials are estimated at the Ministry of Construction and housing need for Iraq to three million housing units to meet the housing crisis in Iraq.
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