National Investment Authority will host the third technical team meeting of the National Climate Investment Plan.

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National Investment Authority (NIA) hosts the third meeting of the technical team for the National Climate Investment Plan

On Thursday, 11/7/2024, the National Investment Authority (NIA) hosted the third meeting of the technical team of the National Climate Investment Plan (NCIP) in cooperation with the United Nations Development Program (UNDP).
Dr. Mona Al Jabri, head of the technical team representing KDIPA, stressed that this meeting is a continuation of previous meetings in preparation for the launch of the plan. This is part of efforts to promote sustainable investments that consider climate impacts.
Al-Jabri explained that this meeting was conducted to study the progress made in the implementation of the National Climate Investment Plan. And exchange views on the challenges and opportunities in this field. The cooperation between KDIPA and UNDP reflects Iraq’s commitment to achieving sustainable development and addressing climate challenges through thoughtful and sustainable investment strategies.
The meeting, which was attended by representatives from climate change ministries (finance, higher education. construction and housing. Environment, Agriculture Ministry of Planning. Baghdad Municipality, Industry Iraqi Engineers Syndicate. transportation. Iraqi Contractors Federation ) Set clear goals for the climate investment plan, how to achieve them, the sources of financing available for climate projects, and how to attract foreign and local investments. To ensure the success of the plan’s projects. As well as discussing the data of the projects that were shared by the ministries.
The meeting reviewed the latest technologies and sustainable solutions that can be applied in future projects. In addition to strengthening cooperation with international organizations and donors to exchange knowledge and expertise to confront the threat of desertification as a result of water shortages. and unsustainable farming methods. and climate change leading to rising temperatures and decreasing rainfall.

The National Investment Commission holds a specialized workshop to discuss Iraq’s vision for green and blue hydrogen production and its impact on Iraq’s economy.

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The National Investment Commission holds a specialized workshop to discuss Iraq’s vision for green and blue hydrogen production and its impact on Iraq’s economy

Today, Thursday, 4/7/2024, the National Investment Authority hosted a specialized workshop to discuss Iraq’s vision on the production of green and blue hydrogen and the products that go into different sectors and its impact on Iraq’s economy in the presence of the Prime Minister’s Advisor for Energy Affairs and the Undersecretary of the Ministry of Water Resources, with the participation of several representatives of ministries (Science and Technology. environment. Agriculture. water resources. industry and metallurgy. oil. The Board of Advisors and the German Cooperation Organization. As well as the Authority’s advisors.

During the workshop’s opening, the Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, said that Iraq’s vision to promote the use of green and blue hydrogen as part of its strategy to develop the national economy is part of the government’s directions in developing Iraq’s 2030 climate vision, which aims to diversify energy sources and turn to clean and renewable alternatives.

He added that this is an essential step in diversifying energy sources as hydrogen is a clean and sustainable source of energy and can help reduce dependence on fossil fuels. achieving sustainable development and transitioning to an economy that relies on clean energy, minimizes negative environmental impacts, and improves air and water quality.

He noted that the development of new industries linked to hydrogen production, in addition to creating new jobs and boosting the local economy. Hydrogen can help meet the growing demand for energy in sustainable ways.

The workshop included a review of Iraq’s plans for renewable energy and biofuels and their effects on economic development. It also discussed the challenges in developing this sector, excessive dependence on oil, and moving towards alternative energy.

The workshop focused on the importance of continuity of work and cooperation to achieve Iraq’s clean energy vision. Future workshops will be held to track progress and discuss new developments in the field.

National Investment Authority Chairman meets with Chinese companies

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National Investment Authority Chairman meets with Chinese companies.

The Chairman of the National Investment Commission, Dr. Haider Mohammed Makiya, met today, Thursday, 4/7/2024, with several Chinese companies represented by (Shanghai Electricity Group SEC, China Construction Company / Third Bureau CSTBEC, China Heavy Equipment Company CAMCE, China Petrochemical and Refineries Company CNCEC). which has a trade volume of nearly 100 billion dollars.

The head of KDIPA welcomed the Chinese delegation. outlining the organization’s strategic plan for the delegation in the coming period. He reviewed the available investment opportunities that will be launched during the work of the Iraq Investment Forum to be held in early November of this year.

For their part, the Chinese companies presented proposals to open the horizons of cooperation with the National Investment Commission in several fields, the most important of which are solar energy, wind energy, hospitals, universities, fiber optics, semiconductors, and residential and recreational complexes.

The Chinese companies extended their thanks and appreciation to the National Investment Commission and its head, Dr. Haider Mohammed Makkiya. and extended an official invitation to him to visit China.

The Chairman of the National Investment Commission signed the International Settlement Agreement resulting from Mediation and International Investment Disputes (Singapore Convention).

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The Chairman of the National Investment Commission signed the International Settlement Agreement resulting from Mediation and International Investment Disputes (Singapore Convention). He stressed the importance of integrating international and local investment environment indicators.

Dr. Haider Mohammed Makiya, the Chairman of the National Investment Commission and a well-known international investment expert, signed the United Nations Convention on International Mediation in New York City, USA. This convention is also called the Singapore Convention on Mediation and International Investment Disputes.

During a signing ceremony, held in coordination with the Iraqi representation at the United Nations, the Chairman of the Commission emphasized the necessity of activating the Republic of Iraq’s accession to the Singapore Convention on Mediation and International Investment Disputes. This is based on the provisions of Law No. (14) of 2021, and in accordance with the Council of Ministers Resolution No. (24203) of 2024, which approved the International Commercial Arbitration Law. This law includes international standards for international commercial arbitration, which is crucial for enhancing the Iraqi investment reality. Iraq has numerous opportunities for international strategic and qualitative investment, which necessitates contracting with foreign companies specialized in investment. It is vital to provide legal protection for these companies in the event of disputes arising from contracts concluded by state institutions. These foreign companies prefer to resort to international arbitration to ensure their rights, as stipulated in Article (27/I) of the Investment Law No. 13 of 2006, as amended.

Makiya stated that the Singapore Mediation Agreement serves as a tool to promote international trade and mediation, and as a symbol of hope for a more effective and harmonious global business environment. It is an alternative and effective means of settling commercial disputes, contributing to achieving sustainable development goals and encouraging the use of mediation in settling cross-border disputes, thereby maintaining trade relations between parties involved in the investment process.

 

The Chairman of the Commission added that the agreement is pivotal due to its importance and several justifications for joining it. One of the main reasons being the need for an alternative method to litigation procedures before international arbitration tribunals in disputes arising from investment through commercial mediation, as outlined in the provisions of this agreement. The Republic of Iraq joined the International Center for Settlement of Investment Disputes between States and Citizens of Other States in 2015, which grants foreign investors the right to resort to the Washington Center.

 

He also emphasized that Iraq’s accession to the Singapore Mediation Agreement is not only necessary but a crucial step to attract investments and achieve economic development, particularly in the context of the country’s transition to a free market economy and the referral of numerous strategic projects to foreign investors and companies.

 

The Chairman of the National Investment Commission concluded by announcing a specialized program of introductory workshops that the Authority will hold for all ministries and state institutions in collaboration with the UNDP. These workshops aim to educate their legal departments about the legal impact of this agreement.

 

“Announcement of Investment Opportunity No. (1) for the year 2024.”

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“Announcement of Investment Opportunity No. (1) for the year 2024.”
To create an investment project for a (horizontal and vertical residential complex).
According to the Investment Law No. (13) of 2006 and its amendments, regulations, and related instructions, as well as the Council of Ministers’ decision numbered (245) of 2019 amended by the Council of Ministers’ decision numbered (23374) of 2023, The National Investment Authority, in collaboration with the Military Industries Authority, announces an investment opportunity to establish a residential project (horizontal and vertical complex) on plot number (1/6/m 28) in the Tajiya district. The plot area is (266) dunams and is owned by the former Al-Karama Company (currently the Al-Karama factory). The announcement period is 30 days from the date of (15/1/2024).
Investment companies and investors interested in applying for this opportunity should submit their applications to the National Investment Commission headquarters located in Baghdad’s Green Zone, adjacent to the Turkish Embassy. They are required to buy the investment portfolio for a fee of 1,000,000 Iraqi dinars.
If you have any questions, please contact us by phone at 07721111541 or by email at oss@nici.gov.iq.
synonym
Legal requirements should be submitted in a sealed envelope by Tuesday, February 13th, 2024 at 1:00 PM. The submission must include an economic feasibility study in Iraqi dinars, approved by an accredited consulting office and the headquarters of the accounting union. A timeline for completing the project. Please provide the original text in Latin script so that I can accurately translate it for you. “The financing plan for the project is linked to the guarantee of an authorized financial institution.”
Documents required are the original company establishment certificate with certified company papers as well as the investor’s documents. Additionally, any executed company documents should be submitted if available.
Please provide the text in a language that I can understand and rewrite.
“The designs presented should contribute to the development of the area and keep up with the cultural progress.”
“The requirements of the beneficiary party are essential and governing in analyzing investment offers.”

The Chairman of the National Investment Authority is confidently steering the board meeting as they discuss the various negotiation stages required to successfully complete the Bismaya Residential City project.

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During a recent meeting, the Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, confidently led discussions on various negotiation stages required to successfully complete the Bismaya Residential City project. The negotiations focused on renewing the investment contract for the South Korean company Hanwha, and other related topics.

Dr. Makkiya confirmed that the Authority is committed to completing the project and providing appropriate housing services for citizens. He also mentioned that the Authority is actively seeking investment opportunities in other governorates, similar to the city of Bismayah.

During the meeting, Dr. Makkiya also discussed controls for changing activity for investment projects, controls of projects excluded from the National Authority, and controls for announcing investment opportunities.

The National Investment Authority Chairman is leading a meeting to discuss proposed changes to the Investment Law.

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The head of the National Investment Authority is leading a meeting to discuss proposed revisions to the Investment Law.

The Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, headed A meeting was held to discuss the proposed amendments to the amended Investment Law No. (13) of 2006 with the aim of strengthening the economic sector in Iraq.

The Chairman of the Authority discussed in the meeting, in the presence of the general directors and advisors, A set of proposals that provide the appropriate legislative environment for developing the reality of investment and strategic projects in Baghdad and the provinces.

The attendees discussed the proposed amendments and crucial articles in the law. They hope these changes will provide the National Authority and investment sector with a broader strategic dimension at administrative, technical, and financial levels.

The meeting concluded by establishing a deadline for finalizing the amendments. And take the necessary legal procedures regarding it.

“The National Investment Authority took part in a symposium discussing emissions and energy consumption.” emissions and energy consumption.”

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The National Investment Authority is participating in a symposium to discuss emissions and energy use.

 

On Wednesday, the National Initiative for Energy Support and Emissions Reduction Committee’s team participated in an expanded dialogue symposium organized by the Media and Communications Commission in the Media Hall at the University of Baghdad.

The symposium was attended by parliamentarians, government officials, media representatives, volunteers from civil society organizations, and representatives from various governorates. The event focused on the importance of media and community awareness and education regarding the risks of emissions and climate change. It was highlighted that clean energy is the only solution to get rid of these risks, and it is necessary to mobilize efforts to enact a law to support renewable energy. The government prioritizes renewable energy and provides support to promote it.

The symposium revealed that reputable companies contribute about 7,500 megawatts of clean energy to the national grid.

The National Investment Authority is committed to promoting investment in renewable energy and collaborating with the Ministry of Environment and Electricity and other relevant authorities in establishing such projects. The aim is to encourage using clean energy in various investment projects, including solar panels, energy-efficient lighting, solar water heaters, thermal insulation, electric cars, and waste-to-energy projects.

The head of the National Investment Authority stresses adherence to the prices of feasibility studies for selling residential units.

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The head of the National Investment Authority stresses adherence to the prices of feasibility studies for selling residential units.

The head of the National Investment Authority, Dr. Haider Muhammad Makkiya, stressed: It is necessary to adhere to the prices established in feasibility studies to sell residential units in investment complexes in Baghdad and the governorates.

This came during his inspection of the Lion of Babylon housing project in Baghdad in the presence of the Deputy Chairman of the Authority, Mr. Salar Muhammad Amin.

The Chairman of the Authority confirmed during his visit to the sales center in the complex, The importance of adhering to the prices established in the feasibility study for selling residential units and providing the best standards of sustainable services to citizens.

He added that the National Authority formulates the investment policy in a way that secures the relationship between the investor and the Authority on the one hand and the citizen on the other hand. Pointing out that the citizen is looking forward to solid projects that provide him with the elements of a suitable residential environment for living.

Launching work on the Al-jawahry City project

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From its inception, the Prime Minister’s government program identified a strategy to address the housing crisis. Many meetings were held for the cities’ teams to address this crisis and its roots, which resulted in the establishment of integrated sustainable residential cities and not the expansion of residential complexes with a limited number of residential units.

Population centers were chosen in Baghdad and the other governorates, far from city centers and their bottlenecks.

At the end of August this year, the National Investment Authority announced five residential cities as international investment opportunities as the first phase.

The first city whose license was granted by the National Investment Commission at the beginning of December was the city of jewelers after organizing the economic relationship between the state and the investor through an economic model in various European countries. The investor will participate in providing serviced lands or ready-to-use housing units to the state, at a certain percentage of the project area, and housing unit prices available to citizens.

The New Al-Jawahiri City project will allocate 25% of the lands served with all its infrastructure, which the state will distribute to different categories according to the categories approved by the National Housing Council.

It will provide Al-Jawahiri City with 7,121 dunams, 30 thousand diverse housing units, And 10 thousand serviced residential plots of land to be distributed to citizens of different categories.