Investment opportunities – Ministry of Trade- State Co. for Food Staff Trading

 

 

No.	Project	Site	Land allocated	Province
1	Tea & food staff mixing and packaging plant (packaging, Dairy products, and poultry) plants with marketing center	4/156 , 121 Salam District	38 donum  from a total area of 264 donum	Baghdad
2	Residential complex construction	3/5751/61 al- Jazeera district	2 donum	Kerbala
3	Commercial Center	8/141/ District 2	19 Olk	Diwania
4	Cool/ freezing warehouse construction  with a capacity of no less than 200 ton (packaging, Dairy products, and poultry) plants with marketing center	25/2694/ District 5	50 donum	Diwania
5	The construction of warehousing and marketing complex with all annexes providing using part of the complex as warehouses and management building for the company branch	3/52045/ Al- Jazeera District 61	10 donum	Kerbala
6	Residential complex construction	163/334/ District 21	1 donum	Anbar

 

 

In order to promote Bismayah housing project

NIC holds a Seminar in the Ministry of Health

An NIC specialized committee held a seminar at the headquarters of the Ministry of Health on Wednesday 25/6/2013 to explain the importance of Bismayah new city project that contains one hundred thousand housing units with integrated services to solve the housing crisis and provide a modern housing for Iraqi citizen, this seminar comes within a series of seminars which were held by NIC in many ministries and Governmental Institutions.

A source in NIC confirmed that the  seminar included a detailed explanation for the workflow in the project that is implemented by Korean Hanawah company through a working team composed of hundreds of Korean engineers and technicians  in addition to national work force, indicating that construction in the city will be according to the vertical style ,where every building consists of 10 floors at 12 housing units in the floor and there are three areas of housing units priced at (630 $ per square meter).

The source added that the seminar showed the mechanism of the registration to buy a housing unit within the project is to  pay( 10%) of the value of the housing unit as a down payment while paying the rest of the amount of the total unit price by installments over (15 years) with grace period reaches (5 years )to make the overall duration (20 years ), it is planned to complete the entire project during (7 years ), where the first two years devoted to infrastructure construction according to international standards then building up the housing units on basis of (1800) units a month , where the first batch will be distributed at the beginning of (2015) .

The source also said that the  seminar witnessed a large turnout by the employees of the Ministry of Health who have got all answers about their questions concerning the project , and have been informed about the project registration center which is in Baghdad International Fair that receive citizens wishing to register or who have any question concerning the project every day except Friday from 9:00 am till 4:00 pm in addition to enabling them to view models of the residential units at full size as well as singing contracts in case of purchase.

 

The continuation of the offer of reducing the down payment of Bismayah housing units

According to continuing the demand of people, NIC decided to extend the offer of reducing the down payment of Bismayah housing units to (10%) instead of (25%).

NIC Chairman, Dr. Sami al-Araji said that many requests had reached to NIC through email and phone calls demanding to keep the offer on to enable them to reserve the units in the biggest project in the Middle East, adding that the work in this project is progressing according to schedule prepared by NIC and the executing company” Hanawah Group for Engineering & Construction).

Al-Araji added that people can visit the project’s registration center on the land of Baghdad International Fair to see the models of housing units in the normal size and to get answers about all questions that come to mind every day except Friday from 9:00 am till 16:00 pm, indicating that NIC will organize a field visit to the project location for people who are registered and those who wish to register.

 

 

As a part of its quest to create fully trained cadres

National Investment Commission holds in Baghdad a training course for drawing up the country’s image and building reputation to attract foreign investments

NIC organized in cooperation with the investment program in the Middle East and North Africa of the Organization of Economic Cooperation and Development (OECD) and the U.S. embassy in Baghdad a training course for drawing up the country’s image and building reputation to attract foreign investments in the period (24-25-2013)at the headquarters of NIC for the purpose of making participants acquire the expertise necessary for the process of designing and implementing strategies to build and manage Iraq’s reputation as an important location for foreign investment.

The NIC Economic Advisor, Dr. Abdullah al- Bandar, in the opening speech on behalf of NIC Chairman, Dr. Sami al- Araji, welcomed the attendees who represent provincial investment commissions and NIC as well as a representative from the Office of Deputy Prime Minister, Dr. Salih al – Mutlaq, stressing that NIC has taken a new approach to build an advanced cadre who is familiar with international expertise to contribute in reconstruction and development process of Iraq.

Al- Bandar added that the  (OECD) played a great role in working to activate capacity building to attract foreign investment and change the investor’s viewpoint towards Iraq from a country of conflicts to an investment attracting country , adding that advantages have been taken from the experiments presented by the OECD through a series of seminars and meetings which have been held since 2007 indicating that this is the second course held by  (OECD) in cooperation with the U.S. embassy in Baghdad where participants received  lectures about new methods in attracting investors through new practices to influence investors decisions concerning the location as well as putting a plan to build and manage Iraq’s reputation with the necessity of activating partnership with the private sector through (PPP) program .

For his part Mr. Anders Johnson, Iraq project coordinator in  (OECD) expressed his happiness to launch such a training course  in Iraq after it was held in the neighboring countries , praising the NIC role to create an advanced cadre who have a clear vision on how to attract investment companies to Iraq and  change their viewpoints about it because Iraq is a highly attractive investment destination for enjoying a strong consumer market as well as the availability of raw materials , and labor force which can lead in the end to diversifying the national economy.

 

In order to create an investment partnership between the two countries

NIC Chairman Receives the Chairman of the Sudanese Supreme Investment Council

NIC Chairman, Dr. Sami al- Araji, received on Sunday (3/6/2013) the Chairman of the Sudanese Supreme Investment Council, Dr. Mustafa Ismail and the delegation accompanying him that included Dr. Ishraqa  Sayid  Mahmoud  Minister of Labour and the Governor of the Central Bank of Sudan and representatives from Ministries of  Oil ,Foreign  Affairs and  Sudanese National Youth Federation .

Al- Araji , during a meeting chaired by him with the visiting delegation with the presence of Deputy Minister of Agriculture ,Gazi  al- Abudi ,and number of Iraqi Businessmen ,expressed Iraq’s desire for openness on Sudan in deferent economic sectors because of the great experience of Sudan in the field of  agriculture  stressing  that there are investment opportunities in the two countries  from which great investment partnerships could be created between the private sectors of the  two countries, on the other hand the Iraqi private sector can be a good supplier of the Sudanese agricultural products which have a good reputation among Iraqi people .

NIC Chairman reviewed the available investment opportunities in Iraq showing the NIC’s readiness to submit all guarantees and facilities guaranteed by the amended investment Law no. 13 for the year 2006 for the Sudanese Businessmen and investors.

In his turn, Dr.Mustafa Ismail thanked the Iraqi side for the warm reception showing the Sudan desire to enter the Iraqi market and cooperate with the Iraqi State and privet sectors in deferent economic fields and to develop relations between the two countries.

During the discussions session, the two sides agreed to establish a joint Business Council and work on signing an agreement for protecting and encouraging investment between Iraq and Sudan as well as working on establishing a joint stock company dealing with investments and trade between the two countries.

 

Investment Opportunity

ministry of construction and housing

Announces an investment opportunity in the governorate of Nasiriyah to establish a residential complex for Ministry staff and state employees with the duration of 3 years with an area of (250000) m2, the project is located on the island of Kushmarah on the highway in the northern part of Nasiriyah city, near the general downstream and adjacent to the College of Technology.

 

It consists of a residential complex containing residential homes (801) house and models as follows:

Form1 (61) house with an area of land (300) m2 and a built up area (200) m2

Form2 (230) house with an area of land (250) m2 and a built up area (180) m2

Form3 (510) house with an area of land (200) and a built up area (160) m²

 

Include service buildings contain (schools, kindergartens and nursery, a mosque, health center,  supermarkets, services area, shops, management building for the complex)

For interested Review at the Ministry of Construction and Housing / Investment Department in Baghdad – versus  Alawi-hela  garage for the purpose of access to the required details or contact us on e-mail :

 

 

investment@imariskan.gov.iq

and

oss@investpromo.gov.iq

 

During the Iraqi- Egyptian Businessmen Forum

The NIC Chairman … we seek to achieve economic integration between the two countries

 

The NIC chairman, Dr. Sami al- Araji, confirmed that Iraq and Egypt are   striving to achieve economic integration between them and increasing the commercial exchange with establishing integrated investment partnerships to serve the interest of the two countries and achieve Economic Prosperity, he also praised Egypt’s economic capabilities and the possibility of investing and participating in the development and rebuilding process of Iraq.

 

This came during his chairing the Iraqi- Egyptian Businessmen Forum which was held in  Baghdad for the period (4-5/3/2013) on the marginsof the Egyptian Prime Minister’s visit to Iraq with the presence of Minister of  Industry and Foreign Trade, Hatem Saleh, as well as (70)of Egyptian’s businessmen and a number of Iraqi officials and businessmen who represents the Iraqi private sector.

 

Al- Araji displayed for the Egyptian companies a number of investment opportunities in many economic sectors such as (oil and gas, industry, agriculture, tourism and health) stressing that NIC was able to overcome the obstacles ,like entry visas,  in addition to  giving investors facilities and guarantees afforded by the Investment Law no. 13 of 2006, as amended.

 

From his part Mr. Hatem Saleh warmly praised reception and hospitality by the Iraqi Government and NIC indicating that the Iraqi market is attractive and promising one for the Egyptian investors and companies who are ready to contribute to the investment process through the establishment of strategic projects and large economic partnerships with the Iraqi private sector.

 

The forum witnessed singing an investment memorandum of cooperation in the field of housing between NIC and Arab Contractors Company to pave the way to start negotiations for building housing units in Iraq by Egyptian investment companies. On the margins of the forum, workshops were held between businessmen from both sides ,who discussed the investment possibility and establishment of projects in five major sectors (engineering, construction material, petroleum and chemical products, agricultural crops and food products )

 

 

Announcement

NIC in coordination with the Ministry of Transport are pleased to announce the investment opportunity of developing the middle Euphrates area airport in (BOT) style and according to the provisions of the investment law No. 13 for the year 2006 as amended and its regulations:

1. The airport area is 45 km²
2.  The airport is to be constructed in three stages:

First stage (6) million passenger capacity

Second stage (12) million passenger capacity

Third stage (20) million passenger capacity

And according to the previously prepared designs by ADPI French Consultants

3. The investor is to adhere to constructing the airport according to the following stages:

First stage- within a period of 4 years maximum

a- Air field 4F- CAT III to be consisting of a runway of 4.5 km length, 60 m width or 75 m with the runway shoulders and all other accessories with an estimated cost of 270 million $.

b- Passengers’ building with a capacity of 6 million passenger annually and with an estimated cost of 950 million $.

c- Airport infrastructure with an estimated cost of 550 million $.

d- Buildings of (Fire extinguishing station, air cargo, administration buildings, rations building, checkpoints) with an estimated cost of 60 million $.

h- 64 m height control tower and its technical building with an estimated cost of 70 million $.

Second stage: the second passengers’ building of 9 million passenger annual capacity

Third stage: the third passengers’ building of 6 million passenger annual capacity and other runway parallel to the first runway with all its accessories and of the same specifications of the first air field.

4. The investor will undertake paying the engineering consultant fees (ADPI) which is 42 million $ in one payment immediately at signing the contract.

5. GOI will undertake implementing all infrastructures needed for the project

6. NIC, Ministry of Transport and local governments shall undertake submitting the needed facilities for the investor during the period of implementation and operation.

7. Ministry of transport with a technical consultant shall be supervising the implementation of the project to ensure good standards.

8. The airport must be run by a specialized company of long expertise in the field after being approved by the Ministry of Transport.

9. Ministry of Transport shall be supporting the operation of the airport by submitting all facilities regarding aircrafts movement.

10. NIC shall prepare the financial conditions that ensure the investor seriousness.

The financial and technical offers must be submitted either to the investment section in the Ministry of Transport or to the National Investment Commission within a period of 30 days from the date of publishing this announcement.

For any further information:

investment@motrans.gov.iq     deputyoffice@motrans.gov.iq

info@investpromo.gov.iq

Contact Air bridges

Equivalent to code E 12

Code C	4
Code E	8
Code F	2

 8 code E Remote

–         Cargo Capacity = 57,21 Ton

–         Aircraft Maintenance Area 76,000 m2

Investment opportunities – Ministry of Trade- State Co. for Food Staff Trading

No.	Project	Site	Land allocated	Province
1	Tea & food staff mixing and packaging plant (packaging, Dairy products, and poultry) plants with marketing center	4/156 , 121 Salam District	38 donum from a total area of 264 donum	Baghdad
2	Residential complex construction	3/5751/61 al- Jazeera district	2 donum	Kerbala
3	Commercial Center	8/141/ District 2	19 Olk	Diwania
4	Cool/ freezing warehouse construction with a capacity of no less than 200 ton (packaging, Dairy products, and poultry) plants with marketing center	25/2694/ District 5	50 donum	Diwania
5	The construction of warehousing and marketing complex with all annexes providing using part of the complex as warehouses and management building for the company branch	3/52045/ Al- Jazeera District 61	10 donum	Kerbala
6	Residential complex construction	163/334/ District 21	1 donum	Anbar