NIC Chairman meets the Minister of Electricity, Majid Mahdi Hantoosh at the NIC premises and discusses mechanisms of cooperation in the way that serves the goals of investment in Iraq especially in Electricity field/ 06.10.2020

NIC Chairman meets the Minister of Labor and Social Affairs, Dr. ADil AL- Rkabi at the Ministry premises and discusses with him the possibility of reinforcing cooperation between the Ministry and NIC and coordination to find the needed mechanisms to maximize the financial resources  of the Ministry through investing in lucrative projects according to valid laws/ 06.10.2020

 

NIC have prepared a plan that includes revitalizing the lurking and halted projects to gear up with the investment process in the country and optimize the reality of the significant fields.

NIC Chairman, Suha Dawood Najar, said in a release for the Media office in the Commission that “NIC have prepared a plan to revitalize the investment process all over the country in all sectors through activating the lurking and halted projects and reshaping them financially and technically, noting that “ there is some red tape that hinders the implementation of these projects, the matter that urged NIC to directly coordinate with the concerned departments and institutions to solve problems especially these connected to infrastructure and investment projects in health and industry sectors.

She added that “the financial ceiling for the investment projects within which NIC was concerned is 250 Million $ and above according to investment law but we currently seek to adopt all projects regardless of its area or financial cost “assuring at the same time that we are about to find a clear and well defined mechanism through which we can equally involve the citizens and the private sector in NIC projects to ensure its funding.

Najar continued saying “NIC started real steps to solve the problems that face lurking investment projects and visits have been made to a number of projects in several provinces (Basrah, Kerbala, Wasit) to participate in easing these problems.

NIC Chairman also referred to the importance of activating the role of the One Stop Shop to solve the red tape problem and assured that “ the Commission seeks to take its role in adopting the economic policies for the investment process in the country and not to be exclusively devoted to granting investment licenses but also revitalizing the halted projects” stressing the significance of activating the investment law in a way that harmonize with the new vision and avoid loopholes in law that obstruct this goal.

 

 

 

 

 

 

 

After Taking up the Responsibility as NIC Chairman

Suha Dawood Najar Visits a number of investment projects Sites in Holy Kerbala Province

NIC Chairman, Suha Dawood Najar started on Thursday 24^.09.2020 an elaborated field visit to a number of investment projects sites in Kerbala Province starting with Imam Hussein Hospital for cancer diseases where she assured that the achievement of this project supervised by the Husseiny Holy Threshold in Kerbala province shall contribute a lot in optimizing the health reality in the city, the matter that put us in front of a professional and ethical responsibility of accelerating the implementation by removing all the obstacles that hinder it.

She listened to a detailed explanation from those in charge of the project regarding the designs and the achievement rates and the problems they are facing to complete the work represented by the task of receiving the remaining medical devices in coordination with the concerned departments in the state and they were promised by the NIC Chairman to take the necessary actions required to facilitate these measures.

NIC Chairman also met with Shekh Abdul Mahdi Al- Kerbalaey- the reprfesentative of the Religious Marjieayah and the secretary of Holy Husseiny Threshold at the threshold where she was honored by visiting the holy Grave of Imam Hussein (Peace be upon him), in addition to meeting the governor, Mr. Nsaief Jasem Al- Khitabi at the Governorate premises.

She showed her high gratitude and appreciation for the efforts of the Holy Husseiny and Abbasy thresholds and the local government in sustaining the work in the investment projects, promising to provide all kinds of support to guaranty the smoothness of the work and its continuation.

Engineer Muhammed Taher, the representative of Khairat al- Sebtain Co. which is in charge of executing the project of Imam Hussein Hospital clarified that the hospital consists of 4 buildings the first represents the main hospital on a total area of 6000 m² and of 4 floors that contains consolatory clinics, a pharmacy and a hall for chemical therapy in addition to 2 operations halls , labs and blood bank, the main hospital contains also 82 patient beds while the second and third buildings are made of 5 floors devoted for the patients’ companions accommodation and the medical staff with 90 total apartments , the fourth building shall be allocated as a center for the Radiant Iodine, assuring that the treatment shall be subsidized for the armed forces and free for the needy.

 

From the Province of Wasit

NIC Chairman : Points of Gearing Up with the Industrial and Agricultural sectors and motivating the Iraqi private sector are part of our investment policy

NIC Chairman, Suha Dawood Najar assured during her visit to Wasit Province that motivating the industrial and agricultural sectors in all provinces with supporting the Iraqi investor by letting him

take strong place in the investment process are important points in the near future investment policy.

She added, during her attendance the elaborated workshop in Wasit Province held under the slogan of “Investment is the Gateway to Reconstruction” , that the Iraqi investor does not lack the financial or the professional capacity to gear up with the Iraqi Economy especially if partnered and supported by the government to create huge national projects that meet the local economy needs not only the investor’s need.

NIC Chairman also illuminated that the task of Investment Commissions all over the Iraqi provinces cannot be excluded to issuing the investment licenses but they must also act as widely opened gateways to attract successful investments after providing the missing factors and finding the best way to benefit from the available liquidity and capacities.

NIC Chairman stated that we are today in the National Investment Commission are provided with fully specialized staff capable of redrawing the priorities of the Iraqi economy and this you will sense in the few coming weeks.

Wasit Governor, Dr. Muhammed Jameel Al- Mayahi clarified in his turn the aspirations that this meeting can be true opportunity to lay down the visions and therapies to number of problems and obstacles facing the investment process not only in Wasit but in all Iraqi provinces, the meeting also represents a message to all capitals owners and investors to submit their suggestions and problems to the entity that protect and take care of investment.

The workshop included a closed meeting between the NIC Chairman and the Governor of Wasit attended by Wasit Provincial Investment Commission Chairman and the representatives of the legal and administrational sides in the governorate, Najar had listened to a number of the problems facing them in order to study it and take the necessary actions required.

NIC Chairman also visited several projects sites during her visit among which Al- Ruwad housing project which will be all followed up in later reports.

Investment Opportunity/ First Announcement

 Construction of   a Two Storey Commercial Center/ Diwanyah Province   

According to investment law no. 13 for the year 2006 as amended and its regulations,
NIC is pleased to announce the investment opportunity of Constructing a two storey commercial Center on the land lot No.  (8/ 857 M44 Al- Tubar in Mhnawyah District / Diwanyah Province ).

Local and foreign companies willing to invest in this opportunity are invited to apply through filling in the Investment application form available on the NIC website: www.investpromo.gov.iq and provide all the documents mentioned in the application within (30) days from the date of publishing this announcement , in case of the synchronicity of another curfew with the duration of this extension it will be further extended in the same curfew days number, and if it happens that the last date of receiving the offers is an official holiday it will be postponed to the following day.

For any further information please visit the NIC premises- Ones Stop Shop dept. located at Baghdad – (IZ next to Avicenna Hospital) or send email to: oss@investpromo.gov.iq or contact number 07706771719

Required documents

– application form (stamped and approved by the Administration dept. of the National Investment commission) with a buying receipt of the application form
– Executive briefing
– Economic feasibility study
– Financing plan guarantied by a credited financial institution
– Implementation Timetable
– Company establishment papers and its final records with a briefing of its work history (legal person)
– Copies of ID and passport of the investors (natural person)
– Copies of ID and passport of the company representative
– A list of the similar works previously implemented by the company or the investor (4 maximum)

 

15.09.2020

Investment Opportunity/ First Announcement

 Construction of   a Specialized Hospital   

According to investment law no. 13 for the year 2006 as amended and its regulations,
NIC is pleased to announce the investment opportunity of Constructing an a specialized hospital on part of the land lot No.  (2097 District 11 Amiriyah- Baghdad Province ) with total area of 7 Donum .

Local and foreign companies willing to invest in this opportunity are invited to apply through filling in the Investment application form available on the NIC website: www.investpromo.gov.iq and provide all the documents mentioned in the application within (30) days from the date of publishing this announcement , in case of the synchronicity of another curfew with the duration of this extension it will be further extended in the same curfew days number, and if it happens that the last date of receiving the offers is an official holiday it will be postponed to the following day.

For any further information please visit the NIC premises- Ones Stop Shop dept. located at Baghdad – (IZ next to Avicenna Hospital) or send email to: oss@investpromo.gov.iq or contact number 07706771719

Required documents

– application form (stamped and approved by the Administration dept. of the National Investment commission) with a buying receipt of the application form
– Executive briefing
– Economic feasibility study
– Financing plan guarantied by a credited financial institution
– Implementation Timetable
– Company establishment papers and its final records with a briefing of its work history (legal person)
– Copies of ID and passport of the investors (natural person)
– Copies of ID and passport of the company representative
– A list of the similar works previously implemented by the company or the investor (4 maximum)

25.08.2020

 

Investment Opportunity/ First Announcement

 Construction of   an Exemplary Fuel Station

According to investment law no. 13 for the year 2006 as amended and its regulations,
NIC is pleased to announce the investment opportunity of Constructing an exemplary fuel station on part of the land lot No.  (2097 District 11 Amiriyah- Baghdad Province ) with total area of 10 Donum.

Local and foreign companies willing to invest in this opportunity are invited to apply through filling in the Investment application form available on the NIC website: www.investpromo.gov.iq and provide all the documents mentioned in the application within (30) days from the date of publishing this announcement , in case of the synchronicity of another curfew with the duration of this extension it will be further extended in the same curfew days number, and if it happens that the last date of receiving the offers is an official holiday it will be postponed to the following day.

For any further information please visit the NIC premises- Ones Stop Shop dept. located at Baghdad – (IZ next to Avicenna Hospital) or send email to: oss@investpromo.gov.iq or contact number 07706771719

Required documents

– application form (stamped and approved by the Administration dept. of the National Investment commission) with a buying receipt of the application form
– Executive briefing
– Economic feasibility study
– Financing plan guarantied by a credited financial institution
– Implementation Timetable
– Company establishment papers and its final records with a briefing of its work history (legal person)
– Copies of ID and passport of the investors (natural person)
– Copies of ID and passport of the company representative
– A list of the similar works previously implemented by the company or the investor (4 maximum)

25.08.2020

State company for petrochemical industries

Announcement of

Investment opportunities (as a partnership contract)

The state company for petrochemical industries announces to all manufacturers producers registered inside & outside of Iraq and all investors to participate in below project according to the technical specification and commercial conditions which could be obtain from our company at Basra khur Al-zubair against un refundable amount of (2,000,000) Iraqi diners and from our company’s web site :- www.pchem.gov.iq or M.web site :- www.industry.gov.iq offers should be submitted in three enclosed envelopes with the stamp of companies name . The first envelop technical offer, second commercial offer and the third contain the following documents. (the financial statements of last two years, certificate of companies registration, and the offers validity should be for not less than three months) these offers should submitted to our company at Basra khur Al-zubair or(send the original hard copy through registered mail by DHL,TNT ,…etc. to our P.box933 Basra / Iraq if it is safe & guarantee to reach our company ). Our company is not committed to accept the lowest offer prices & Announcement fee will be paid by the winner.

NOTE / The tender box should be open after (30) days on publication of the announcement UN local newspapers. In case we didn’t receive proper offer we shall re-tender the project till one year.

Bid bond	Cost estimated	Closing data	Investment opportunities	Let
400 million Iraqi dinar	51.613.000.000	(30days) thirty days from the publishing the announcement in the local newspapers	The project is to establish a new plant produce         hydrochloric acid(HCl) and associated materials	1