National Investment Authority participates in the International Chamber of Commerce meetings in Paris

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National Investment Authority participates in the International Chamber of Commerce meetings in Paris

The head of the National Investment Authority (NIA) presided over the meeting. Prof. Dr. Haider Mohammed Makkiya, the technical meeting with the International Commercial Arbitration Court of the International Chamber of Commerce (ICC), in the French capital, Paris. The meeting was attended by the Federation of Iraqi Chambers of Commerce,the International Chamber of Commerce – Iraq Chapter (ICC-IRAQ), as well as representatives of the Iraqi Embassy and the Commercial Attaché in Paris.

Promoting Commercial Arbitration in Iraq

The meeting aimed to coordinate efforts and provide technical and technical support to activate commercial arbitration in the Iraqi investment environment. In this context. Dr. Makiya reviewed Iraq’s signing of the Singapore Convention for the International Settlement of Disputes Resulting from Mediation, which was signed this year. He emphasized the need to include this agreement in international investment contracts for mediation before resorting to arbitration.

Iraqi Smart Cities Forum

On the other hand. Dr. Makkiya indicated KDIPA’s support for the International Chamber of Commerce – Iraq Branch’s plan. Especially in the framework of the partnership to organize the first Iraqi Smart Cities Forum, scheduled to be held in February next year, which aims to promote technology applications in infrastructure development and investment.

Importance of the meeting

The meeting comes within the framework of enhancing the integration of international and local investment environment indicatorsand developing commercial arbitration tools in line with international best practices to support investment in Iraq.

 

Chairman of the National Investment Commission Signs Investment Protection Agreement Between Iraq and Saudi Arabia

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Chairman of the National Investment Commission Signs Investment Protection Agreement Between Iraq and Saudi Arabia

The Chairman of the National Investment Commission, Dr. Haider Mohammed Makiya, announced the signing of the final draft of the Investment Protection and Promotion Agreement between Iraq and the Kingdom of Saudi Arabia on Sunday, November 24, 2024. The agreement aims to create a secure and attractive investment environment for Saudi investors in Iraq.

Speaking at the 28th World Investment Conference held in Riyadh from November 25-27, Dr. Makiya emphasized that the Iraqi government is committed to encouraging Saudi investors to enter the Iraqi market. This is being achieved by enacting laws and providing legal guarantees to protect their investments from potential risks, while simultaneously helping them capitalize on diverse investment opportunities across various sectors in Iraq.

He highlighted the importance of the conference, which has been organized by the World Association of Investment Promotion Agencies (WAIPA) since 1995. The event serves as a global platform for dialogue, bringing together leaders and major investors from around the world to discuss global investment trends and opportunities, stimulate investments, and foster collaboration. The conference also showcased Saudi Arabia’s ambitious economic growth and international investment cooperation efforts.

During the ministerial roundtable, Dr. Makiya joined investment ministers from various countries to discuss sustainable investment partnerships, focusing on renewable energy projects such as green hydrogen and innovative engineering solutions for energy projects globally.

Chairman of the National Investment Commission Announces Committee to Implement Agricultural Investment Projects and Tackle Climate Challenges

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Chairman of the National Investment Commission Announces Committee to Implement Agricultural Investment Projects and Tackle Climate Challenges

The Chairman of the National Investment Commission, Dr. Haider Mohammed Makiya, emphasized the importance of developing a national investment vision to enhance the agricultural sector and strengthen national food security in collaboration with relevant entities. This announcement came during an extensive meeting held today, Tuesday, at the Commission’s headquarters, where an agreement was reached to form a specialized committee comprising representatives from various sectors to implement agricultural investment projects.

Dr. Makiya highlighted that the newly formed committee will focus on several key objectives, including:

  • Developing agricultural infrastructure.
  • Creating employment opportunities, particularly for agricultural engineers and workers.
  • Supporting national strategies to address climate challenges contributes to economic growth and increases the Gross Domestic Product (GDP).

The meeting, attended by members of the Prime Minister’s Advisory Board, the Director General of Agricultural Investments, and the President of the Iraqi Agricultural Engineers Union, discussed the current state of agricultural investments in Iraq and the obstacles faced by the sector. Opportunities for revitalizing this vital sector through well-planned initiatives were also explored.

In recent months, the Commission has held several meetings with stakeholders to discuss a climate investment plan to introduce new agricultural projects to combat desertification and reclaim land. These projects focus on promoting sustainable agriculture through innovative technologies tailored to local conditions, enhancing the agricultural economy, and supporting long-term growth.

Chairman of the National Investment Commission Meets Japanese Ambassador to Iraq

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Chairman of the National Investment Commission Meets Japanese Ambassador to Iraq

On Tuesday, November 19, 2024, the Chairman of the National Investment Commission, Dr. Haider Mohammed Makiya, received the Japanese Ambassador to Iraq, Mr. Futoshi Matsumoto, and his accompanying delegation. The meeting focused on enhancing economic and investment cooperation between Iraq and Japan.

Dr. Makiya outlined Iraq’s economic and technical vision for a waste management and electricity generation project, which is a priority under the supervision of the Prime Minister. He explained that the project would utilize fourth-generation advanced grid combustion technology, aligning with international environmental standards. This initiative represents a cornerstone of Iraq’s environmental reform efforts, alongside various other investment projects in different sectors.

He welcomed the participation of Japanese companies, emphasizing their extensive expertise and advanced technology, which can play a crucial role in the success of such projects.

Ambassador Matsumoto expressed interest in the Japanese business community‘s involvement in Iraq’s investment landscape, highlighting the potential for collaboration across various sectors and leveraging current opportunities.

Dr. Haider Mohammed Makiya Participates in COP29 Climate Conference in Baku

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Dr. Haider Mohammed Makiya Participates in COP29 Climate Conference in Baku

The COP29 Climate Conference commenced in Baku, with the participation of the President of Iraq, alongside the Ministers of Foreign Affairs and Health, and Dr. Haider Mohammed Makiya, Chairman of the National Investment Commission (NIC).

In his address, the President emphasized Iraq’s severe climate challenges, including record-breaking heatwaves, dust storms, and reduced rainfall, leading to shrinking water bodies, declining green spaces, and increasing drought and desertification. He urged major global economies to uphold their climate commitments, stressing the importance of continued efforts from local stakeholders and private sectors, even if some nations step back from their obligations. Collective global action, he stated, is essential for achieving a sustainable future.

The conference aims to reduce greenhouse gas emissions by 43% by 2030 and establish new climate finance mechanisms to support developing countries, particularly those most affected by climate change. It also seeks to encourage major emitters to set ambitious reduction targets and propose regulations to enhance international carbon markets.

During the event, the National Investment Commission presented a portfolio of renewable energy projects, including initiatives harnessing wind and solar power and waste-to-energy technologies. Additionally, the NIC unveiled a Climate Investment Plan (CIP), developed in collaboration with experts from the United Nations Development Programme (UNDP). The plan focuses on combating desertification, ensuring food security, and promoting sustainable agricultural projects across Iraq’s provinces.

Chairman of the National Investment Commission Dr. Haider Mohammed Makkiya chairs the meeting on providing new sources of electricity for investment projects

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The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, chairs the meeting on providing new sources of electric power for investment projects The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, confirmed that the Commission continues to hold its meetings with the concerned authorities to find new sources of electricity to support investment projects in the areas surrounding Baghdad International Airport and its neighboring areas in order to solve the bottlenecks faced by the electrical system due to the increase in investment projects in the region. He added during his chairmanship of the meeting held at the headquarters of the Authority yesterday, Monday 28/10/2024, that this meeting comes as a continuation of the previous meetings in order to find suitable lands free of any conflicts to establish new electric power plants with different capacities within the geographical area of the (Dahnah and Kharnabat) areas, in order to enhance the stability of the energy infrastructure and stimulate the attraction of new investments, as the presence of stable electric power is one of the main factors for the success of any project. During the meeting, a map of the geographical location of the technically candidate lands for the establishment of these stations was presented along with the proposed and appropriate plans for the transportation and distribution of the electrical energy produced to feed the investment projects. During the meeting, it was agreed to form a specialized committee from the concerned authorities to study the candidate lands and stabilize their boundaries and dimensions and the conflicts that may face the processes of transferring electrical energy to the secondary stations and then to the investment projects. The meeting was attended by representatives of the Ministry of Electricity, Baghdad Municipality, the Director General of the State Real Estate Department and the Director General of the Single Window and Investor Services Department at the Authority.

Chairman of the National Investment Authority chairs the regular meeting of the Board of Directors of the National Investment Authority and discusses a number of files related to the work of the Authority

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Chairman of the National Investment Authority chairs the regular meeting of the Board of Directors of the National Investment Authority and discusses a number of files related to the work of the Authority

The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, chaired the regular meeting of the Board of Directors of the Commission today, Thursday 22 August 2024, to discuss a number of important files related to the investment process on the agenda and take the necessary decisions regarding them.

At the beginning of the meeting, KDIPA Chairman said that the Authority is actively following up on the performance evaluation of investment companies.
taking into account the changes that occur in the investment process and removing obstacles for investors to ensure the implementation of projects according to the specified timelines.
He stressed the importance of continuing to improve the investment environment and provide the necessary support to investors to ensure the success of their projects to achieve sustainable economic development.

During the meeting, which was attended by Mr. Salar Mohammed Amin, the Director General of the Legal Department and members of the Board representing the public and private sectors, they discussed the controls of amending the investment permits granted by the Authority and the investment authorities in the governorates related to the extension of the investment period.
The report of the visit to the Syrian Arab Republic and the Lebanese Republic regarding the laying of the optical cable within the path of the oil pipeline passing through the Syrian-Lebanese territory.
The strategic projects granted investment licenses, including (Al-Jawahiri City, Al-Ghazlani City
Al-Ghazlani city.
Karbala Banks City.
The project to generate electricity from solar energy.
Baghdad Sustainable Forests Project.
Waste treatment and power generation project).

The Board also studied the Authority’s achievements report.
and the treatment of stalled projects.
and the size of the amounts of investment projects from 2009 to 2022, as well as the size of the amounts of investment projects granted official licenses amounting to (69) billion dollars from the beginning of 2023 to the middle of 2024, with the study of the recommendation of the Ministerial Council of Social Services regarding the Iraqi Construction Council.
While studying the recommendation of the Ministerial Council for Social Services regarding the Iraqi Construction Council.

For their part, the members of the Council called for approaching the Supreme Committee for Investment regarding the exemption of industrial projects from Decision (245) of 2019 due to their importance in providing new job opportunities and moving the wheel of industry in Iraq, stressing the support of the industrial sector by facilitating procedures and encouraging investments in this field, which will contribute greatly to achieving economic development.
They emphasized supporting the industrial sector by facilitating procedures and encouraging investments in this field, which will greatly contribute to achieving economic development.

Chairman of the National Investment Commission chairs the meeting of the committee of Diwani Order (23674) to prepare the requirements for the establishment of Al-Tayeb Economic Zone and the economically adjacent areas in Maysan Governorate

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Chairman of the National Investment Commission (NIC) chairs the meeting of the Diwani Order (23674) committee to prepare the requirements for the establishment of the Tayeb Economic Zone and its economic adjacent areas in Maysan Governorate The Chairman of the National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, chaired on Wednesday a meeting with the members of the committee of Diwani Order (23674) to prepare the requirements for the establishment of the Tayeb Economic Zone in Maysan Governorate in the presence of committee members and the Undersecretary of the Ministry of Construction and Housing, in the presence of the members of the committee. A representative from the Prime Minister’s Office. Maysan’s deputy governor. Chairman of the New Cities Implementation Authority. Chairman of the Industrial Cities Authority. and directors of relevant departments in the governorate. Director General of Free Zones. Director General of Urban Planning. Member of the Board of Advisors. and general managers in the Authority. The head of the Authority confirmed the completion of the procedures and recommendations related to the completion of the final report on the requirements for the development of Al-Tayeb Economic Zone in Maysan Governorate and its neighboring areas (temporally, spatially and sectorally), which is under the patronage of Prime Minister Mohammed Shi’a Al-Sudani. He indicated that the committee will continue to follow up its work on a regular basis to ensure that the establishment of the economic zone is completed according to the specified dates. During the meeting, the executive steps to establish the necessary infrastructure and the proposed zones for the Tayeb Economic Zone were reviewed. including the creation of road and electricity networks. They also discussed the financial and administrative facilities needed to attract investors, prepare special investment portfolios and prepare to hold a public conference in Maysan governorate to present investment opportunities in the Tayeb Economic Zone and all associated facilities and extend invitations to local and foreign investment companies. The head of the authority indicated that the vision for the project will include the Tayeb residential area. and Al Tayeb Industrial Zone. and the free zone in El Tayeb. In addition to the recreational, sports, educational and other cities according to the final vision of the project. For their part. The members of the committee expressed their readiness and readiness to cooperate and offer solutions to all obstacles and address them to proceed with the implementation of this project. They stressed that Al Tayeb Economic Zone will be an important attraction for local and foreign investments.

Chairman of the National Investment Authority Dr. Haider Mohammed Makkiya receives a delegation from the Japan Center for Middle East Cooperation

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The Chairman of the National Investment Authority (NIA), Dr. Haider Mohammed Makkiya, received a delegation from the Japan Center for Cooperation in the Middle East (JCCME) and discussed the possibility of activating the agreement signed between the two parties more than ten years ago. Which aims to promote cooperation between Iraq and Japan in various fields of investment. The two sides agreed to organize a teleconference to encourage Japanese companies to enter the Iraqi market and invest in vital sectors such as agriculture and digitization, the medical sector, food security, and climate change. Both parties expressed their commitment to strengthening ongoing cooperation to benefit both countries and contribute to sustainable development. The meeting reflects the desire to strengthen economic and investment relations between Iraq and Japan. And open new horizons for future cooperation.

National Investment Authority (NIA) hosts the National Permanent Committee for Climate Change 2024

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The National Investment Authority (NIA) hosted the National Permanent Committee for Climate Change 2024, with the Minister of Environment, Engineer Nizar Aimedi as the head of the committee. They discussed implementing COP report 28 recommendations, COP 29 preparations, and updating the NDC document. KDIPA prioritizes energy transformation and emission reduction projects and collaborates with the Ministry of Environment and UNDP to prepare the Climate Investment Plan (CIP). Last year, the NIA hosted the National Higher Committee for Climate Change and prepared for COP 28. KDIPA actively participated in COP 28 through the Iraqi delegation.