NIA signed contract with Chinese company

The National Investment Commission (NIA) signed a contract with China's Ever Bright on Sunday to set up four thousand housing units worth half a billion dollars in the southern province of Maysan.

The head of the National Investment Authority Samy al-Arajibi said that the commission and the continuation of its program of the national housing project, including the completion of one million housing units in all governorates of Iraq today embraced the work of signing the investment contract and granting the holiday of the project of the completion of about four thousand housing units For the province of Maysan and the duration of the completion of three years.

He added that this project, which will be implemented by the Chinese company Iver Bright worth half a billion dollars represents in his designs one of the models of global investment, which will be completed on an area of ​​(600) acres, including green areas commercial, health and entertainment complex.

For his part, Ali Douai, Governor of Maysan, expressed his high thanks and appreciation to the National Investment Authority for its efforts to ensure the success of this project, which is hoped to be a pioneering step to contribute to solving a large part of the need for the province of housing, which is estimated at (60) thousand housing units.

The project will consist of (4000) residential units capable of increasing the integrated services of infrastructure, schools, clinics and public facilities, and the construction will be in the form of independent residential units (200 m2, 300 m2).

He stressed that the citizen who wants to buy the payment of the payment of the advance and receipt of (30%) of the value of the housing unit (15%) each and that the banks to fill the remaining amount of the value of the housing unit in the form of monthly installments extend to (15) years.