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.

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 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 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.

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.

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.

The head of the National Investment Commission inspects investment projects in Baghdad and confirms the government’s keenness to strengthen the private sector environment in Iraq.

The Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, conducted An inspection tour of the Rixos Hotel and Resort Investment Project in Baghdad, He directs the necessity of adhering to work schedules and achieving calculated completion rates.

The head of the National Authority said, During his inspection of the work processes in the project, Informing him of the implementation plans, The Rixos project represents a cultural interface for the country. It is considered one of Baghdad’s most important modern tourist and investment resorts. Stressing that the progress of work within the project has become clear, Mainly after Prime Minister Engineer Muhammad Shiaa Al-Sudani laid the foundation stone for the project last August, Evidence of the keenness to enhance the indicators of the investment environment and its enjoyment of the elements of security and stability that stimulate vital projects in Baghdad and the provinces.

Makiya added during a meeting with the resident engineer and representatives of the company implementing the project, The National Investment Authority monitors its projects in Iraq, It develops solutions to address the challenges it faces to complete them within the time frames established by feasibility studies.

The Chairman of the Authority stressed that such projects should be It serves as a vital arm and support for the national economy by maximizing the state’s resources and general budget through the optimal investment method.

The inspection tour also included His Excellency the Chairman of the National Investment Authority, Dr. Haider Muhammad Makkiya, Downtown Baghdad project and reviewing the completion rates achieved in it, Which represents the tallest skyscraper in Iraq, with (65) floors.

Makiya confirmed, During an expanded meeting with the implementing company and the engineering and technical work team at the project site, The necessity of maintaining the increasing pace of work to achieve completion rates, With the accuracy of the technical specifications and engineering standards included in the project designs.

The head of the National Authority stated during his tour with the engineering and consulting team in the project’s buildings and towers, The importance of adhering to the prices established in the feasibility study, We provide citizens with the best services and benefits of a sustainable residential environment.

 

Makiya pointed out, To support the Authority for investment projects distinguished by their sustainable construction methods at the level of services, modern designs, and objective feasibility studies.