Sub: Invitation No. 24/2015
Dear Sirs,
Ministry of Electricity is pleased to invite you to participate in the investment opportunity to build, own and operate a thermal electricity generation plant that generate between 1200-1400 MW in al- Yusufiyah- Baghdad “ Yusufiyah plant” according to specifications available at the Ministry of Electricity which you can contact through 32_contracts1@moelc.gov.iq
Investment Opportunity
Ministry of Transport is pleased to announce the investment opportunity of constructing Faw Grand Port according to investment law No. 13 for the year 2006, amended and its regulations.
Descriptions:
Project location: Faw Peninsula, Abdullah Khor coast, South of Iraq
Project total area: 40 thousand acres
Port area: 54 KM²
Designed Capacity:
Container terminal of 16 km length with total capacity of 25 million container/year
Bulk cargo terminal of 5 km length with total capacity of 55 million ton/year
General cargo terminal of 4 km length with total capacity of 4 million ton/ year
Oil derivatives terminal of 6 km length with total capacity of 230 thousand barrel/ day
Note: the port is designed for oil products, commercial and industrial purpose but not for crude oil
Cost of project:
Total cost of the project is 7 billion Euros
Eastern and western brakewater phase have been funded by the state budget with total amount of 720,000,000 Euros
The total cost of the first phase that make the port ready to operate is 2,370,000,000 Euros
Note: the land is already allocated for the project
Interested investors are required to submit their offers to the investment section in the ministry of transport or the project management office in Basra either directly by hand or through the emails shown below with enclosing the following documents:
Interest letter
Introductory profile of the investing firm
A statement of the financing plan and its sources
Project plan mechanism of running the project
Within 60 days from the date of publishing this announcement, applications shall be technically and financially evaluated, while the finally elected appliers shall be required to submit a 5 million $ letter of credit as a condition to start negotiations to ensure seriousness.
Investment section: investment@motrans.gov.iq
Project management office: fawport@scp.gov.iq
Note: Offers shall be received until the end of June.
In Appreciation of his prominent role in running the investment process in Iraq
Leaks News Agency delivers NIC Chairman the excellence sign
Leaks News Agency delivered NIC Chairman, Dr. Sami al- Araji the Excellence sign on Thursday Jun.11.2015, in appreciation of his role in encouraging investment in Iraq and setting up the economic development basis through running the national investment process.
During the event, Al- Araji stressed, through his speech for the occasion, the importance of the media role in clarifying truths and announcing them to the public from the reliable sources in addition to its role in supporting the governmental entities, especially the economic ones, through spot lighting the strategic projects that serve people. Dr. Sami highly praised the exceptional efforts made by the Independent news agencies to evaluate the performance of the national figures in serving the public.
Mr. Sarmad al- Qasim- Editor in Chief of the agency, in his turn, assured that this honoring came after Dr. Sami’s obtaining 480 thousand votes in the referendum launched by the agency, on its 25 branch news agencies’ websites, for the best governmental figure running an independent entity, adding that there were 4 more winning figures who are ( H. E Mr. Nuri al- Maliki- First Vice President, Shekh Qais al- Khazaali, Mr. Hadi al- Ameri – IP member, and Saied Muqtada al- Sader).
The Honorium event was also attended by the Chairman and Vice Chairman of the Independent News Agencies Union with a number of the editors in chief of the union’s 25 member agencies.
During the Provincial Investment Commissions meeting,
The National Investment Commission Chairman emphasizes on integrating the Board of Directors in each commission and follow up the granted investment licenses
Dr. Sami R. Al Araji, NIC Chairman, emphasized Mon. 1st June 2015 during PICs meeting on integrating their Boards of Directors according to investment law no. 13 of 2006 in addition to following the granted investment licenses up in each province and apply legal actions against investors when violating instructions.
He also stressed the importance of giving a clear and precise picture concerning the allocated lands for investment in their provinces. investors must start their projects within a maximum of six months in the absence of any technical or administrative problem which can be solved by the PIC granting the investment license, otherwise investors are to be warned and license shall be then withdrawn if manipulation or lack of seriousness of the investor in the implementation of the project is proven which can cause harm to the province.
He referred to the importance of counting all allocated lands for investment in each province and re-announce and adjust the withdrawn opportunities of the delayed projects to fit with the province need, calling the PICs directors to undertake the full legal responsibility and not submit to pressures and deals that may prevent reconstructing their provinces.
He added that NIC was able to achieve the investment map for 2015 which included 920 investment opportunity from all ministries in 15 provinces in different economic sectors and according to provinces nature. Dr, Sami asked PICs directors to nominate the most important opportunities mentioned in the investment map to be focused on and consider them as a priority in local and international investment conferences and forums and other promoting means.
NIC Chairman listened to a number of problems and challenges relevant to the above mentioned issues and discussed them with PICs directors to reach solutions that serve well the investment process in Iraq.
Attended by Mr. Bahaa Al Araji, the National Investment Commission holds the eighth Iraqi –British Investment Conference
Under the slogan (Together We Build Iraq) a two-day investment and business conference started in Baghdad on the 29th -30th April 2015 attended by high level officials.
Vice PM for Energy affairs, Mr. Bahaa Al Araji, said in his speech that the presence of these companies today refers to a clear indication that Iraq is vital for investment heading towards security stability and its far from what other trying to reflect. If we want to achieve economic stability we have to leave slogans and conferences behind and start with actual steps. This target cannot be achieved without an active dynamic relation between companies and state enterprises.
He also confirmed that the Government of Iraq has realized the importance of investment and created, for the first time, an article in the government budget law concerned in encouraging investment not only for being one of the solutions to solve the financial crises but because it became an economic must. He also referred to the historical relation between the two countries and Iraq’s desire for a fruitful cooperation which helps creating an actual construction in Iraq. Mr. Al Araji welcomed all British companies visiting Iraq and called them for a promising and real investment in a country of potentials.
Dr. Sami R Al Araji, NIC Chairman started the conference with a welcoming speech and confirmed that the best companies and representatives from the Iraqi and British private sector are there sending a message to the international community that Iraq is moving on with building and constructing and in the same time fighting terrorism conspiracy against it. The actual planning with the best international companies and private sector is continues with a strong will to change.
He also briefed that the challenges Iraq is going through is not the only and main obstacle preventing investment but the (wills conflict) represented in changing from central economy to a free one played the biggest role due to various point of views relevant to this issue.
Dr. Al Araji reviewed a number of fundamental issues that should be considered to improve investment in Iraq by activating the One Stop Shop for the benefit of the foreign investor, providing a suitable banking environment and developing the relation between NIC and provinces councils seeking an attractive investment environment for the international interest.
Jaafer Al Hamdani, Chairman of Iraqi Trade Chambers expressed the Iraqi private sector interest to create strong base for a strong relation between the Iraqi private sector and the international one. The United Kingdom is one of the most important countries that can help the economy in Iraq through partnership; he hoped to establish a more strong relation with countries supporting Iraq and UK. England is the best representative to those countries.
The conference agenda contained speeches for Mrs. Emma Nicolson, head of the Iraqi –British Business Council, Mr. Frank Baker, the British ambassador in Iraq, and Mrs. Linz Grant, Vice representative of the Secretary General of the United Nations.
After speeches, a general session regarding the available investment opportunities in the energy sector headed by the Minister of Oil Dr. Adil Abdul Mehdi was held.
The second day witnessed two sessions. The first one was about economic reforms in Iraq headed by the PM Office Manager Dr. Mehdi Al Alaq. Dr. Al Alaq referred to the main points in the launched governmental program as it focused on the Iraqi private sector and providing the supporting environment to improve it. Dr. Hussian Al Anbaki submitted a study regarding (Restructuring of the State owned companies)
The second session focused on a detailed presentation about higher education role in the investment campaign. Session was headed by the Minister of Higher Education, Dr. Hussain Al Shahristani.
Recommendations of the main issues discussed for two days shall be submitted to achieve the best expected benefit.
Investment Opportunity
Ministry of Transport is pleased to announce the investment opportunity of constructing the Major Port of Faw according to investment law No. 13 for the year 2006, amended and its regulations.
Descriptions:
Project location: Faw Peninsula, Abdullah Khor beach, South of Iraq
Project total area: 40 thousand donum
Port area: 54 KM²
Designed Capacity:
Note: the port is designed for oil products, commercial and industrial purpose but not for crude oil
Cost of project:
Total cost of the project is 7 billion Euros
Note: the land is already allocated for the project
Interested investors are required to submit their offers to the investment section in the ministry of transport or the project management office in Basra either directly by hand or through the emails shown below with enclosing the following documents:
Within 60 days from the date of publishing this announcement, applications shall be technically and financially evaluated, while the finally elected appliers shall be required to submit a 5 million $ letter of credit as a condition to start negotiations to ensure seriousness.
Investment section: investment@motrans.gov.iq
Project management office: fawport@scp.gov.iq
Attended by Vice PM Mr. Al Mutlaq and a number of officials
The National Investment Commission opens Bismayah Marketing Tower
NIC opened Bismayah Marketing Tower on Sunday the 12th of April which was attended by high governmental representation. Vice PM, Mr. Salih Al Mutlaq, Minister of Municipalities Mr. Abdul Kareem Al Ansari, Secretary General of the Council of Ministers Mr. Hamid Khalaf, Chairman of Investment and Economy Committee Mr. Jawad Al Polani, Baghdad Governor Mr. Ali Al Timemi and a number of vice ministers, consultants and director generals were there in the opening ceremony.
Mr. Vice PM said, “Bismayah project is unique in its modern design which saves great time and effort in security and services. Also, it provides an opportunity for people to move away from overcrowded big cities as in Baghdad. Accomplishing this project is going to participate in solving the housing crises Iraq is facing, we need 2.5 million housing unit which obliges the governmental and legislative bodies to provide facilities and incentives to investors for more investment projects in housing and other sectors.”
He also called for international and local engineering investment companies to take part in developing and housing projects in Iraq assuring them that GoI is ready to present all required facilities and ease contracting difficulties within the law frame.
Chairman of Investment and Economy Committee Mr. Jawad Al Polani, was pleased to witness such kind of new cities and described the project as a good thing to come and represents a true call for improving the life style in our society. He was convinced that Baghdad needs four similar modern cities like Bismayah in addition to other provinces requirement for such modern housing emergence.
Mr. Polani added that the GoI is focusing on investment as it is considered the second Ministry of Oil. Iraq is experiencing new circumstances and its potentials require fast steps towards new options represented in such kind of huge housing type, especially when choosing the right company that matches with the Iraqi economic ground. He thanked NIC and S. Korean Hanawah Co. efforts in accomplishing this complete modern city.
Dr. Sami R. Al Araji confirmed in his speech in the opening ceremony that this housing monuments in Baghdad is one of many other monuments we planned to execute in all Iraqi provinces. This project is a national project based on investment mechanism that depends on Iraqi citizens and banks and solid foreign companies. He also mentioned that more is yet to come in north Baghdad and other provinces.
Dr. Sami also said that “Hanawah and NIC are committed to deliver 7 thousand housing unit with services at the end of this year after we signed the services contract with the same company based on two plans, one goes along with the project as a whole while the other intensive one goes with the first delivery. 20 thousand housing unit will be delivered annually starting from next year.”
Regarding services and other parts of the projects, NIC Chairman cleared out that NIC discussed with Hanawah leaders building the Commercial Center in the city center with other services such as speed buses and train which will be provided for residents. Transportation issues will be an investment file with the private sector serving more than 600-700 thousand persons from and to the city.
Hung John Kim, Hanwha Vice Chairman, confirmed his company commitment to execute the project in time saying that his staff is ready to continue working day and night to finish the housing units and service facilities such as schools, clinics and playgrounds according to the contract signed with NIC.
He also thanked GoI and NIC for the facilities presented for investors wishing to work in Iraq appraising the trust given to his company by the Iraqi people and its government.
The tower contains marketing offices and big halls with real size for all modern and traditional apartments in addition to panorama view at the top of the tower that provides a full view of the whole city for visitors.
The company declared continuing the work to finish more than 3 thousand housing unit during the coming days and starting another 7 thousand through foundation construction and going up building the first floors. Water and sewage pipes, main roads and street lights lamp posts are done in block A. Bismayah city has wide road net connecting housing buildings and 8 main areas with each other. Paved roads and streets were established over complete infrastructure and services underground system.
Ministry of Electricity in coordination with the National Investment Commission are pleased to announce an investment opportunity to construct three solar power stations and one wind power station with a capacity that ranges between (5-10) MW in Diwaniya, Najaf and Misan provinces according to investment law No. 13 for the year 2006 as amended taking in to consideration the following specifications:
| Province | Proposed Site | Type of Energy | |
| 1 | Diwaniya | Dagharah (50 donum) | Solar |
| 2 | Diwaniya | Al- Suniyah (50-60 donum) | Solar |
| 3 | Najaf | Al- Haideriyah (200 donum) | Solar |
| 4 | Misan | Ali al- Gharbi (to be allocated according to the wind Turbines path) | Wind |
Investors willing to invest in this opportunity should submit an interest letter to the National Investment Commission within (30) days from the date of publishing this announcement with providing a profile that contains the following:
The project will enjoy the following privileges:
For any further information please contact us through:
32_commercial.dg@moel.gov.iq –Attention: Mr. Ra’ad Qassem. Director General- Ministry of Electricity
Or oss@investpromo.gov.iq National Investment commission
With the attendance of the Deputy Prime Minister for Energy affairs
NIC and Hanawah South Korean Company sign Bismayah New City infrastructure contract
A contract for achieving Bismayah city infrastructure and external services had been signed Sunday 5th of April.15 between the Iraqi National Investment Commission and Hanawah South Korean Company.
The event was attended by the Iraqi Deputy Prime Minister for Energy affairs, Mr. Baha al- Araji, Head of the Parliamentary Committee for Economy and Investment, Mr. Jawad al- Polani and Bismayah project supervising technical committee.
Mr. Baha al- Araji, through his speech in the event, stressed the importance of Bismayah project in solving the housing crisis in Baghdad, praising the NIC role in pushing investment wheel in the whole country and its role in supervising this project in particular.
Deputy Prime Minister also referred to a number of factors that contributed in hindering the investment process in Iraq including the complications found in the investment law in addition to the region exceptional conditions. He added that often crisis participate in creating successful states and economies and Iraq is now suffering of financial crisis, the matter that led all concerned officials to think about activating the most important economic substitute which is “Investment”, referring to a bunch of important decisions taken by the Council of Ministers in this regard and especially in the Oil and Energy sector that included accelerating visa granting to be obtained within a period not exceeding 72 hours with facilitating the procedures of customs and entering materials and machines for investment purposes.
In his turn, Mr. Jawad al- Polani, head of the Parliamentary Committee of Economy and Investment declared that continuing a big company like Hanawah in working in such a huge project like Bismayah is sending a message to companies willing to invest in our country that Iraq is a fertile investment environment, he also called for forming a joint operations room for supervising investment projects in all provinces that can specify shortages and work together to remove them.
Dr. Sami al- Araji, NIC Chairman introduced through his speech with which the event started a detailed explanation of the services file and what had accompanied it since 2012 until the contract signing moment.
NIC Chairman highly appreciated the role of the Council of Ministers and the Iraqi Parliament in allocating the needed funds from 2015 budget to achieve Bismayah city services in the way that actively participate in constructing a completely modern city for more than 600 thousand people which can be considered as a model to be followed in establishing the 1 million housing unit project in all Iraqi provinces.
Al- Araji also declared that the current plan is to deliver 7000 housing unit with full services at the end of this year while the process of building new units is moving forward according to the main project plan to be delivered in a successive manner.
Hanawah Co. Chairman pledged, in his turn, that his company will do its best and will work day and night to achieve its commitment according to the agreed specifications and timings, adding that signing this new contract shall make the city enjoy all needed infrastructure like electricity, water and sewage treatment in addition to schools, hospitals and clinks, police stations and civil defense institutions…etc.
The event was also attended by a number of high officials in Hanawah South Korean Company who arrived to Baghdad particularly to attend the signature of the contract in addition to the Directors Generals in the National Investment Commission.
