Iraq Sets Conditions for Reopening Applications for Bismayah Housing Units
The National Investment Commission (NIC) has reportedly announced that applications for housing units in the Bismayah Residential Project will reopen only after the resumption of work by South Korea's Hanwha Engineering & Construction, the company contracted to complete an additional 70,000 housing units under a new phase of the project.
NIC spokesperson Hanan Jasem told the state-run Iraqi News Agency (INA) that three conditions must be met before applications can be accepted again:
A full review of the existing digital application platform. Exclusion of applicants under the legal age or over 60 years old. Ensuring no duplicate applications from individuals within the same family, in accordance with public bank lending rules.
Jasem confirmed that around 70,000 Iraqis had already applied via the "Ur" government platform. She added that the Bismayah complex has a total planned capacity of approximately 100,000 units, intended to house around 600,000 people.
According to the INA article, Hanwha has completed about 30,000 units to date, of which roughly 21,000 have been officially handed over to the Commission and distributed to eligible citizens.
(Source: INA)
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