Ministry of Trade launches construction materials sales with installments

The Ministry of Trade has initiated the direct sale of construction materials to citizens through cash purchases and an installment system. Arij Hussein Al-Jumaili, Director General of the General Company for Construction Materials Trade, stated that this measure comes in execution of Prime Minister Ali Faleh Al-Zaidi's directives aimed at meeting citizens' needs, easing financial burdens, and supporting local market stability. The included items encompass all construction, sanitary, and electrical supplies available at the company. She pointed out that coordination is ongoing with the private sector through the construction cooperation project to provide reinforcement steel, cement, bricks, and various other materials at competitive prices, noting that installments are processed via the (K-Card) with a repayment period extending for two years. Al-Jumaili indicated that this step is part of government efforts to provide building requirements at suitable prices and enhance purchasing power amidst exchange rate fluctuations and their reflections on local markets, emphasizing the company's commitment to contributing to price stability without imposing additional financial burdens on citizens. Previously, Minister of Trade Mustafa Al-Ani directed the facilitation of selling construction materials in cash and via interest-free convenient installments across sales centers available in Baghdad and other provinces.