National Investment Authority Halts Sales of Housing Project and Launches Digital Platform for Contract Inventory

The National Investment Authority announced the suspension of sales and collection of payments from contractors with the company "Houra Baghdad" within the "Jowhara Baghdad Residential City" project until the legal status is corrected and citizens' rights are ensured. The authority explained that this decision was made in response to citizens' appeals and to protect the rights of registrants and ensure transparency in investment housing projects, noting the directive to the Baghdad Investment Authority to fully halt sales and collection of funds from all beneficiaries contracted with the company. The authority launched a digital platform to inventory the sales related to the project, urging citizens contracted with Houra Baghdad and other involved companies within the project to register on the platform within 15 days from the announcement date to complete contract inventory and take necessary procedures. The authority confirmed its commitment to monitoring violations and irregularities in investment projects and to protecting citizens' funds and safeguarding their rights.