NIC Reduces Downpayments at Bismayah

Iraq's National Investment Commission (NIC) decided to reduce the down payment required to buy housing units at the new Bismayah development.

NIC Chairman Dr. Sami al-Araji said that following requests from the public, the down payment would be reduced from 25 percent to 10 percent.

He added that work at Bismaya, the biggest housing project in the Middle East, was proceeding according to schedule.

(Source: National Investment Commission)

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