Low-income families to get long-term credits
Baku, January 11, AZERTAC
Last month we gave start to the construction of the first nine-storey building in Yasamal residential complex, the first project of the State Housing Construction Agency (MIDA). I am convinced, the project will successfully continue.
This was stated at the meeting of the Cabinet of Ministers dedicated to the results of socio-economic development of 2016 and objectives for future, chaired by the Azerbaijan President Ilham Aliyev.
The complex occupies a total area of 11.6 hectares and will consist of 29 multi-apartment buildings, the Head if State said.
The project being implemented in Yasamal District is the first such project. Similar projects will be implemented in the future, too. The complex also includes a kindergarten and a school. This residential complex will have more than 1,800 apartments. I look forward to celebrating the opening of this first project in 2018.
For this purpose, the low-income families will be granted long-term credits.
FEEDBACK
Other news in this section
- 16.11.2022 [16:25]
Azerbaijani company building largest bridge in Bosnia and Herzegovina
- 18.10.2022 [16:05]
Baku to host Construction Week
- 21.09.2020 [16:32]
President allocates AZN 1.9m for renovation of roads in Badamdar
- 18.09.2020 [17:12]
President allocates AZN 10.05m for renovation of roads in Khatai
- 16.09.2020 [16:20]
President allocates AZN 1.4m for renovation of roads in Pirallahi
- 20.04.2020 [18:18]
President allocates AZN 11.6 m for renovation of roads in Baku
Current state and prospects of Azerbaijan–EU relations discussed
- 01.10.2026 [22:26]
Hundreds of prisoners freed in UK as early release scheme takes effect
- 01.10.2026 [22:14]
Nations League: Azerbaijan held to goalless draw by Liechtenstein
- 01.10.2026 [22:08]
Baku hosts World Aquatics Swimming World Cup 2026 opening ceremony
- 01.10.2026 [21:57]
Heydar Aliyev Center illuminated in colors of Chinese flag
- 01.10.2026 [21:45]
CICA Media Forum participants tour Heydar Aliyev Center
- 01.10.2026 [20:38]
Bilateral meetings held as part of CICA Media Forum
- 01.10.2026 [20:28]
ANAMA: 908 mines and 4,525 UXOs neutralized over past month
- 01.10.2026 [20:10]
Azerbaijan’s exports to Luxembourg surge 306-fold – GRAPH
- 01.10.2026 [20:09]
Top stories update
- 01.10.2026 [20:00]
Azerbaijan introduces ASAN Khidmet model to Caribbean countries
- 01.10.2026 [19:23]
Distinguished Visitors Day held as part of “Power of Unity – 2026” exercise
- 01.10.2026 [19:06]
Fast-pass services gain popularity at restaurants in Japan
- 01.10.2026 [18:47]
Chinese National given suspended sentence in Bulgaria on espionage charges
- 01.10.2026 [18:46]
Indonesia, South Korea deepen cooperation on intellectual property
- 01.10.2026 [18:36]
Mongolia, Türkiye discuss expanding military education cooperation
- 01.10.2026 [18:08]
Greek media highlights expansion of energy cooperation with Azerbaijan
- 01.10.2026 [17:50]
Newcastle changes badge for first time since 1988
- 01.10.2026 [17:27]
Azerbaijan-Croatia relations discussed in Zagreb
- 01.10.2026 [17:26]
Azerbaijani delegation joins discussions on Middle Corridor in Georgia
- 01.10.2026 [17:00]
4.1-magnitude earthquake hits Zaqatala
- 01.10.2026 [16:18]
Azerbaijan, Serbia to construct combined-cycle gas-fired power plant
- 01.10.2026 [16:13]
Azerbaijani language classes resume at Peking University
- 01.10.2026 [16:13]
Vietnam's airports handle nearly 102 mln passengers in first 9 months
- 01.10.2026 [16:12]
China to accelerate water network development
- 01.10.2026 [15:51]
Athens hosts Azerbaijan-Greece Business Forum
- 01.10.2026 [15:39]
Azerbaijani rowers claim 22 medals as Mingachevir Regatta wraps up
- 01.10.2026 [14:47]
Iliana Iotova: AI should be assessed by benefits it brings to society
- 01.10.2026 [14:45]
Number of Health Institutions in Oman increases by 3.4%
- 01.10.2026 [14:44]
El Al to launch rescue flights from Dubai amid Israel flight cancellations
- 01.10.2026 [14:17]
Saudi crown prince says world faces energy crisis with uncertain outcomes
- 01.10.2026 [14:12]
How to turn your savings into investments: First steps
- 01.10.2026 [13:15]
Mingachevir Regatta: Azerbaijani rowers won five more medals
- 01.10.2026 [13:00]
Nearly 2.9 mln people aged 60 and over live in Kazakhstan
- 01.10.2026 [12:46]
PM Shehbaz reaffirms Pakistan’s commitment to deepen ties with China
- 01.10.2026 [12:35]
Azerbaijan, SpaceXAI sign Memorandum of Understanding on AI cooperation
- 01.10.2026 [12:10]
Top stories update
- 01.10.2026 [12:01]
ADEX 2026 – the 6th Azerbaijan International Defence Exhibition underway
- 01.10.2026 [11:21]
Baku hosts World Aquatics Swimming World Cup 2026
- 01.10.2026 [11:16]
US has 'virtually total control' of Strait of Hormuz: Trump
- 01.10.2026 [11:00]
NASA’s SpaceX Crew-13 could reach ISS in record time
- 01.10.2026 [10:51]
Gold and silver prices rise on global markets
- 01.10.2026 [10:43]
Azerbaijan Army servicemen participate in mountaineering training in Georgia
- 01.10.2026 [10:39]
Oil prices decline in global markets
- 01.10.2026 [10:30]
Azeri Light sells for $119.26
- 01.10.2026 [10:29]
To the participants of CICA Media Forum
- 01.10.2026 [10:23]
CAMCA Regional Forum kicks off in Baku
- 01.10.2026 [10:23]
Azerbaijan, Russia discuss prospects for military cooperation
- 01.10.2026 [09:49]
President of Uzbekistan receives FIFA President
- 30.09.2026 [22:25]
18th International Uzeyir Hajibeyli Music Festival wraps up in Baku
- 30.09.2026 [21:44]
Azerbaijan, Greece discuss prospects for energy partnership
- 30.09.2026 [21:38]
Azerbaijani boxers ready for action at U17 European Championships
- 30.09.2026 [20:58]
Azerbaijan table tennis players bring home five bronzes from Tbilisi
- 30.09.2026 [20:29]
Mingachevir Regatta: Azerbaijan’s rowers won seven more medals
- 30.09.2026 [20:16]
Top stories update
- 30.09.2026 [20:00]
Rising seas may open new ground for invasive species: Scientists
- 30.09.2026 [19:44]
Ocon confirms he will leave Haas at end of 2026 season
- 30.09.2026 [19:39]
Baku to host 14th International Acoustic Engineering Forum
- 30.09.2026 [19:36]
“ASAN Khidmet” brings its public service expertise to Caribbean
- 30.09.2026 [19:15]