An Investment Opportunity in the Industrial Sector

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Announcement

The Ministry of Industry and Minerals

An Investment Opportunity in the Industrial Sector

 

 

The Iraqi Cement Company in coordination with the National Investment commission are pleased to announce the investment opportunities for :

  • Fallujah White Cement Plant
  • Babil Cement Plant
  • The Lime Plant in the Holy City of Karbala

We invite specialized Iraqi, Arab and International companies, investors and financers to participate in these investment opportunities to rehabilitate and upgrade these plants, on basis of partnership in management, production and increase of production capacities.

Regarding the needs of these plants productions, the importance of meeting the Iraqi market, the economic feasibility and the privileges achieved to the investor including provision of raw materials at suitable prices.

The investment profile can be obtained from the Iraqi State Cement Company (HQ), at non- refundable price of (150000 I.D) one hundred fifty thousand Iraqi Dinar.

The company is ready to provide detailed information and facilitate the visit to plants.

We would like to mention that offers must match the conditions stated in the investment profile.

Offers must be handed as two separated offers (Technical and Financial) >

All attached document must be certified officially by the official department in the countries related to those companies beside the official Iraqi embassy in that country.

Notice , the price equation of cement is applied to preserve price fluctuation in cement market .

Offers should be presented by the end of the work day of (Wednesday the 3rd May 2017, 12:00 O’clock).

 

For more details, please visit the company’s website : www.icsc.gov.iq

                               Or visit the company’s HQ on the following address: Iraq- Baghdad- Al Za’faraniya

                               Mobile: 009647716620600

                               E-mail: iraqicement@icsc.gov.ia

 

 

NIC Chairman and Iraq Permanent Representative in the United Nations Organization meet the Italian Deputy Minister of Foreign Affairs

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NIC Chairman and Iraq Permanent Representative in the United Nations Organization meet the Italian Deputy Minister of Foreign Affairs

 

NIC Chairman, Dr. Sami Al- Araji and Iraq Permanent Representative in the UN, Ambassador Muhammad Ali Al- Hakeem   met with the Italian Deputy foreign Minister, Mr. Vincenzo Amendola at the Italian Representation Headquarter in the UN / New York 13.02.17. During the meeting the two sides discussed the bilateral relations and the Italian efforts in Iraq.

NIC Chairman stated that Iraq had put Italy within the prioritized list of countries that will participate in the 2018-2023 plan of reforming economy and reinforcing the private sector role, in light of the historical relations between Iraq and Italy. The two sides also discussed some of the issues of mutual interest in the Security Council when Mr. Al- Hakeem expressed the delight in witnessing such a friendly country like Italy as a member in the Security Council. Ambassador Al- Hakeem also showed the gratitude of Iraq for Italy efforts especially in the UNAMI meeting and the support submitted as well as the efforts of maintaining the dam of Mosul and its big participation in protecting and repairing the Iraqi archeological pieces.

Mr. Vincenzo Amendola in his turn assured Italy’s firm obligation support towards Iraq in its war against terrorism, adding that Italy is concerned about the efforts of repairing the archeological pieces because they look at it from a civilization and cultural corner within the Mediterranean area . In respect of the economic reform plan referred to by the Iraqi side , Mr. Amendola said that they will be willing to urge the Italian companies to participate if they find the plan feasible after treating the topic of the Iraqi Budget price calculation.

 

The Affiliation of Iraq to the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration

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The Affiliation of Iraq to the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration

Dr. Sami Al- Araji, NIC Chairman signed on the 13th of Feb.17 the affiliation of Iraq to the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration (for the year 2014) at the United Nations headquarters in New York.

Iraq is the second Arab country that affiliates to the convention preceded by 18 international members.

NIC Chairman, and through a press interview, assured that this affiliation can be considered as a clear and important message to the world that Iraq is a main center for investment and construction in the middle east, stating that this convention is adopted by the United Nations in order to preserve investors’ rights transparently in case of the rise of any disputes between investors and states.

Al- Araji also declared that Iraq had issued a number of legislations that can protect capitals and investors willing to work in Iraq spearheaded by the investment law No. 13 for the year 2006, as amended which consists of privileges and incentives for investors in addition to signing important international and bilateral agreements.  

The signing ceremony was attended by the Permanent Representative of Iraq in the United Nations, Ambassador Muhammad Ali Al- Hakeem and the Legal Advisor in the Conventions Department of the United Nations, Ms. Anarka Hinojal.