By John Lee.
Dr. Haider Mohammed Makiyya (pictured), Chairman of Iraq's National Investment Commission (NIC), has announced the country's first "Real Estate Developer" program aimed at providing affordable serviced residential plots for citizens, in partnership with the private sector.
According to a statement from the NIC, this initiative aligns with government plans to alleviate the housing shortage through comprehensive housing developments that integrate economic, service, and commercial facilities. The program enables low- to middle-income citizens to acquire residential land equipped with infrastructure such as roads, water, sewage, and electricity.
The initiative also includes the development of a 1,500-dunum site in Nahrawan, Baghdad, designated for eligible citizens. The National Investment Commission aims to attract investors capable of contributing to Iraq's productive economy rather than projects that only consume resources.
(Source: NIC)
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