Iraq's Ministry of Planning has developed a plan to build low-cost housing units for poor families as part of strategic projects to alleviate poverty, a government official said. 

Abdul-Zahra Al-Hindawi, the spokesperson of the Ministry of Planning told Zawya Projects that the announcement was made by the Minister of Planning, Khaled Battal Al-Najm during a ceremony to distribute low-cost housing units to beneficiaries in the districts of Al-Habbaniyah and Amriyat Al-Samoud in Anbar governorate. 

Al-Hindawi said the ministry had previously distributed similar housing units to poor families in the governorates of Diwaniyah and Wasit, and more such housing complexes are being built in other governorates. 

He quoted the minister as saying that the Iraqi government is working on creating a framework to attract more investments in the residential real estate sector. 

(Writing by Majda Muhsen; Editing by Anoop Menon) 

(anoop.menon@refinitiv.com) 

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021