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Investment Babylon stresses the need to enter the banking operations in residential investment and declare its need for 80 000 housing units

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dealerdean


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Authority announced the investment of Babylon, on Wednesday, the need to enter the Iraqi banks in investment operations, especially in the field of housing, and among that there are problems and many difficulties in the housing projects because of the entry of banks in lending to citizens, stressed the need for the province to more than 80 thousand apartments to resolve crisis housing, pointing to grant many investment opportunities and the withdrawal of other investors because of the lack of commitment to the conditions.



The head of the Investment Commission of Babylon Alaa bayonet in an interview (range Press), said that "there is an urgent need and necessary for the entry of Iraqi banks in investment operations, especially in the field of housing through lending and funding," noting that "there are problems and many difficulties in the housing projects that have been given licenses Investment banks due to non-entry in lending to citizens wanting to buy apartments. "



The bayonet that "banks are the most important pillars of residential investment projects in the countries of the world that are interested in investing through residential lending investors and citizens alike, because a lot of people wishing to purchase apartments, but they have no financial liquidity."



The head of the Investment Commission of Babylon Iraqi banks to "work to lend to the investor and the citizen and the sums of money paid over the years because of this process with a collective profit of all banks, investors and citizens."

He bayonet that "now the province is inhabited by nearly two million people, is densely populated and the need for more than 80 thousand apartments to solve the housing crisis in the province."



The Chairman of the Investment Commission of Babylon that "the Commission awarded since its inception until now many investment opportunities, including complex Kawthar housing in hand Abu sinking and consists of more than 1,000 apartments and homes and the draft land of Babylon in the center of Hilla, which consists of more than 600 apartment complexes in some areas the province. "



The spear that "the body pulled from a work permit and Arab companies that desire to create residential complexes in terms of protoplasm, and there's an investment opportunity for another company in the field of housing will be withdrawn soon, including work for non-direct action by investors."



The Chairman of the Investment Commission of Babylon that "the investment is still in its first steps, because the subject of a new Iraq and needs to be fully supported by the federal and local governments through overcoming all difficulties and solve problems that hinder investment operations, particularly by reducing red tape and to amend or repeal all laws that limit of investment operations. "



It is worth mentioning that the Investment Commission of Babylon was founded in 2009 and has given more than 60 investment opportunities in various activities, including residential, agricultural, industrial and amusement parks and malls.

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