Economy News – Baghdad
The head of the Investment Authority, Haid Mohammed Makiya, discussed with Saudi Minister of Investment Khaled Al-Falih, the mechanisms of joint cooperation to finance the Bismayah residential project.
The Investment Authority said in a statement that “in implementation of the directives of Prime Minister Mohamed Shia Al-Sudani and in order to complement the procedures of the National Investment Commission in the path of financing the Bismayah residential project, the Chairman of the Authority, Haider Mohammed Makiya discussed the mechanisms of joint cooperation with the Saudi Minister of Investment Khalid Al-Falih to finance the Bismayah project.”
Makiya stressed during the meeting, according to the statement, “the need to bridge investment relations with Saudi Arabia, especially with the Ministry of Investment and the Saudi Investment Fund, as it is one of the major funds in the world to determine financing paths for major strategic projects of a service nature for citizens,” noting “the importance of completing residential units and infrastructure within the Bismayah complex and initiating the best services to residents.”
He pointed to “the priorities set by the program for the Iraqi government are to address the housing crisis and establish major cities throughout the governorates of Iraq,” pointing to “the seriousness of Prime Minister Mohammed Shia Al-Sudani in finding solutions that cover the needs of Iraqi citizens for adequate housing through agreement with investment companies and investors to establish housing complexes worthy of them.”
For his part, Al-Falih expressed “his readiness to cooperate with the National Investment Commission in completing the success story in the Bismayah complex, which is one of the important investment signs in Baghdad after the financial model was studied to complete the entire project or other residential complexes or new cities in Iraq.”
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Added 2023/06/29 – 2:29 PM
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