Continuous attempts to overcome disputes with S. Korean Hanwha Company

NIC Chairman meets with a delegation from the Parliamentary Investment and Development Committee

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Yesterday,  Monday,  Chairman of the National Investment Commission, Mr. Salar Muhammad Ameen, met a delegation from the Parliamentary Investment and Development Committee, headed by the eldest Representative Vian Abdel Aziz, and a number of committee members.

At the beginning of the meeting, the Chairman reviewed the course of discussions between NIC and the South Korean Hanwha Company, which is building Bismayah City residential project, explaining NIC legal and financial point of view on the project and the true desire of the government represented by NIC to resume work on the project in line with the increasing demand.

Chairman of the Committee welcomed the Commission’s attitude in support of NIC efforts to escalates the project’s work to reach its full design capacity of (100) thousand housing units as one of the most prominent large and strategic housing projects in Iraq and represents decent and suitable housing opportunities for people with medium and limited incomes.

Both emphasized the importance of expediting a new round of talks between NIC and Hanwha Company to overcome the obstacles facing the completion of the project.

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Department of Relations and Media in the National Investment Commission

6 – December – 2022

A delegation from the Parliamentary Investment and Development Committee visits the residential city of Bismayah

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A delegation from the Parliamentary Investment and Development Committee, headed by the eldest Representative Vian Abdel Aziz Abdel Rahman, the Representative, Mr. Hussein Al-Saabari, the Representative, Mr. Amanj Mahmoud, and the Representative, Mr. Muhammad Al-Ziyadi, visited Yesterday, Wednesday, Bismayah Residential City, where they were received by the Director General of the Relations and Media Department in the National Investment Commission, Mr. Haider Hamadeh, and a number of officials in charge of the project.

Problems and challenges were discussed to be resolved and hit the 100 thousand units and overcome difficulties that stands against serving the inhabitants

Representatives  expressed their keenness in supporting  the completion of the project and continue  providing  services to its residents by addressing  departments and institutions to supply the basic requirements for citizens, in addition to cooperating with the National Investment Commission to proceed with the completion of the project.

Mr. Hamadeh affirmed that the National Investment Commission highly appreciates the visit of the members of the House of Representatives and their great support for the continuation of the project and facilitating procedures to provide everything that serves citizens in Bismayah, and that the Commission is keen to resolve all problems with the South Korean Hanwha Company to resume work.

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Department of Relations and Media – National Investment Commission

1 – December – 2022

The Chairman of the National Investment Commission, Mr. Salar Muhammad Ameen, receives a delegation from Hanwha Company

 

🟣 Mr. Salar Muhammad Ameen: The NIC is keen to complete the residential city of Bismayah, provide the best services to its residents, and address all problems and accumulations that occurred in the past.

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The Chairman of the National Investment Commission, Mr. Salar Muhammad Ameen, received a delegation from the S. Korean Hanwha Company.

During the meeting, they discussed the overall housing conditions of the city of Bismayah, providing services to its people, and overcoming the difficulties facing work and population expansion in the city.

Mr. Salar Muhammad Ameen stressed NIC  interest in completing the Bismayah residential city, providing the best services to its residents, and addressing all problems and accumulations that occurred in the past, indicating that NIC will do its best  to complete the project, address obstacles and restore work with it.

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Department of Relations and Media- National Investment Commission

27 – November – 2022

Chairman of the National Investment Commission, Salar Muhammad Ameen, reveals the commission’s directions for the next phase 

 

Mr. Salar Muhammad Ameen, Chairman of the National Investment Commission, said that one of the most prominent directions of the Commission at the current and near stage is to open up to available local and foreign investments in various sectors, identify the most prominent causes of delaying projects and entities that prevent this.

He also mentioned that he meets with tens of inverters, businessmen and companies on daily bases and listens to issues they face while trying to overcome difficulties with concerned offices.

He stressed that improving investment reality in Iraq is one of the most prominent directions of the government and the NIC. NIC administration  is saving no effort or transparency working hard enough to affect positively on the economic arena and contributes to moving the wheel of the economy.

Department of Relations and Media – National Investment Commission

24 – November – 2022

While attending a meeting at Karbala International Airport project site,

Chairwoman of The National Investment Commission Suha Daoud Najjar,: This project reflects the capability of local investors in implementing big projects.

The Chairwoman of the National Investment Commission, Suha Daoud Najjar, confirmed that the Karbala International Airport project reflects the bright image of local investors and Iraqi competency capable of implementing big investment projects, noting that this project, sponsored by Husain Holy Shrine administration, will contribute directly to facilitating the entry of foreign visitors Karbala, especially in overcrowded events with millions of visitors like the fortieth visit.

All this was discussed during attending a meeting at the site of the Karbala International Airport project, in the presence of the legal guardian of the Husain Holy Shrine administration, His Eminence Sheikh Abdul Mahdi Al-Karbalai, the Governor of Karbala, Mr. Nassif Jassem Al-Khattabi, and a number of local officials, in addition to senior staff of NIC. Chairwoman of NIC indicated in her speech that this project will contribute in promoting

sustainable development, provide thousands of job opportunities and economic resources for national income. She also praised the efforts made to achieve the coal, promising that NIC will not save any efforts to overcome any challenges that may face the project.

It is worth mentioning that the Karbala International Airport project is sponsored by Imam Husain Holy Shrine administration and designed by the French (ADP) company, which has a long history in the field of airport designs. Manhal Al-Haboubi Engineering Consulting Office shall supervise the four –phases project. The first phase is 3 million passengers annually, the second is 6 million passengers, the third is 18 million passengers, and the last phase shall be 20 million passengers, hoping to start services of the first phase by the end of next year.

PR & Media Dept.

The National Investment Commission

24^th Sept. 2022

 

Chairwoman of the National Investment Commission Suha Daoud Najjar meets with the Minister of Culture, Tourism and Antiquities

Chairwoman of the National Investment Commission, Suha Daoud Najjar, met the Minister of Culture, Tourism and Antiquities, Dr. Hassan Nadhim.

During the meeting, aspects of joint cooperation between the NIC and the ministry were discussed to activate tourism in Iraq by encouraging the establishment of investment facilities and projects in the tourism sector.

Najjar stressed the importance of establishing such projects, as one of the sources of national income with  a significant positive impact on all other economic sectors, as well as an important factor in providing many job opportunities in all fields

She also explained that the tourism sector is one of the important economic sectors in Iraq regarding its archaeological and historical sites, holy shrines and other religious sites which are considered as the main attraction factor in tourism.

Public Relations and Media Dept. – The National Investment Commission

12^th Sept. 2022

Chairwoman of the National Investment Commission, Suha Daoud Najjar, meets the Chairman of Wasit Provincial Investment Commission

Chairwoman of the National Investment Commission, Suha Daoud Najjar, received today, Sunday, the Chairman of the Wasit Provincial Investment Commission, Mr. Nabil Shamma, where a number of issues related to the investment opportunities available in the governorate were discussed.

Najjar stressed the importance of following up and completion of investment projects in Wasit Governorate, and serious work on Wasit Governorate investment projects that will contribute to the reconstruction of the governorate and create job opportunities which eventually be a part of Wasit development.

Public Relations and Media Dept. – The National Investment Commission

11^th Sept. 2022

In the framework of preparing to announce several projects in Baghdad and its adjacent districts

• Suah Dawood Najar .. we work with Baghdad Municipality as a one professional team

 

NIC Chairwoman, Suha Dawood Najar, assured that NIC is working as a one professional team with Baghdad Municipality aims at going forward with the new investment projects in and around Baghdad and one of these projects is Al- Rafeel City citing in the BIAP surrounding area.

She stated during her meeting with Baghdad Mayor, Eng. Ammar Mussa, on Tuesday 16^th of August that an agreement has been reached with the Mayor to hold a series of periodical meetings between the concerned teams from both sides to facilitate procedures of obtaining approvals on usages and fundamental designs of the new cities in Baghdad and committing to implement infrastructures for these projects and the roads nets connecting

them to Baghdad and other provinces, in addition to discussing other preparations needed for the post licensing stage.

She considered this high level coordination between the two sides an important start for further supporting projects in and around the capitol.

Mayor Eng. Ammar Mussa, in his turn, showed that this meeting came to discuss a number of obstacles facing the implementation of big projects and during which solutions have been found to contribute in accelerating achieving these projects that represent a civilized exposure for the capitol through obtaining the required approvals from the Ministers’ Council Secretariat. He also assured that continual periodical meetings shall take place between the two sides reflecting the seriousness to have all projects fully accomplished surpassing any likely distractions.

During her meeting with the chancellor of Baghdad University…

• Suha Dawood Najar: the history of Baghdad University makes it qualified enough to be a supporting and supervising side for investment projects.
• Najar: Baghdad University has solid academic experience from which we are keen to benefit

NIC Chairwoman, Suha Dawood Najar, assured that having Baghdad University as a supporting and consulting side for educational projects executed through private investment represents a solid basis for guarantying quality education in Iraq.

She added during her visit to the chancellery premises of Baghdad University in Jadiriyah on Tuesday 16^th of August and her meeting with the Chancellor Dr. Munir Hameed Al- Saadi, that the honorable history of Baghdad University that traces back to the fifties of the last century makes it super qualified to be a supporting and supervising side for a large number of investment projects in Baghdad and other provinces according to the type of these projects.

Dr. Munr Hameed Al- Saadi, in his turn, assured that the meeting included discussing the governmental plan for 2030 and the expectations to witness large increase in the number of

students who will register for high education and taking the necessary futuristic actions represented by creating additional educational seats for the expected numbers in both public and private sector universities.

 

During the first phase of negotiations with Hanwah Group … NIC Chairwoman : our legal stance is sound and our options are several

NIC Chairwoman, Suha Dawood Najar, assured that regarding the first phase of negotiations with Hanwah South Korean group, NIC has specified a number of legal and financial conditions to go forward with the project on the basis of the outputs of the detailed auditing process of Bismayah projects and is waiting for Hanwah group reply.

She added that despite NIC’s willingness to implement the whole project by Hanwah, it still has several options to complete it in case of the South Korean Company insistence on keeping the former contexts that we do not consider fair for the Iraqi Government and citizen.

And she declared that NIC legal and financial stance is sound and secures the ability to negotiate and lay new implementation mechanisms down for the rest of the project’s time.

Najar also promised to keep all phases of negotiations with the Korean side transparent and clear for the public.