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

As it seeks to create a cadre developed a vision for attracting inward investment

National Investment Commission held a training course for drawing up the country’s image and reputation building for investors

Organized by the National Commission for Investment in Baghdad and in collaboration with the investment in the Middle East and North Africa, the Organization for Cooperation and Economic Development (OECD) and the U.S. embassy in Baghdad, a special training course on an image of the country and build a reputation for investors for the period from 24 – 25.06.2013 in the headquarters of the Commission in order to gain the course participants experience the process of designing and implementing strategies to build and manage the reputation of Iraq as a place and an important site for foreign investment.
Advisor to the Commission, Dr. Abdullah al-Bandar welcomed in a speech opening speech on behalf of the President of the National Investment Commission, Dr. Sami Raouf al-Araji, the participants in the session representing investment bodies in the provinces, as well as the National Investment Commission in the presence of a representative of the Office of the State Deputy Prime Minister Saleh al-Mutlaq, stressing The Authority has taken a new approach to building a cadre sophisticated and familiar with international experience to contribute to the reconstruction of Iraq and re-development.
He Bandar The OECD Economic (OECD) played a major role in the work on activating capacity building to attract foreign investments to the country and change the look Investor direction of Iraq from the country struggles to the country of encouraging investment, explaining that he has to take advantage of experiences provided by the organization through a series of meetings and seminars held since 2007 to work with the fact that Iraq is part of the Middle East countries.
Noting that this is the second session held by the organization in Iraq in cooperation with the U.S. Embassy in Baghdad, where participants received lectures on new methods to attract investments to the country through sound practices in influencing the decisions of investors for the site, in addition to a plan to build and manage the reputation of Iraq, with the necessity of activating the mechanisms of partnership with the private sector through a program (PPP).
For his part, Mr. Anders Johnson, Project Coordinator for Iraq in the Organization for Economic Cooperation and Development (OECD) in his speech expressed his pleasure the establishment of this session and previous sessions in Iraq after it was set up by the organization in the neighboring countries, praising the role of the National Investment Commission to create a cadre of well-developed has a clear vision about how to attract investment companies to Iraq and change their outlook as that Iraq has attractive destination for investment to a large extent, where enjoys market consumer strong and prosperous, as well as availability of raw materials and manpower, in addition to helping to improve the reputation of Iraq and make it among the countries most attractive for investment and thus diversity imports and contribute to building the country.

Wasit Investment Commission announced on Monday, opening licenses to more than 180 investment opportunities in the province, including agriculture, industry, health, housing and tourism sectors.
Chairman of Wasit investment Commission Sadiq Howeidi said “The commission has provided between 180 to 200 investment opportunities distributed among various sectors of agricultural, industrial, health, housing, tourism and others,” calling those who wish to invest to address to the commission to obtain the required permits.
Howeidi added that “the commission is in the process of granting licenses for investment in various sectors, but they are still at the stage of legal and technical procedures” pointing out that “next year will witness granting a number of investment licenses to local and foreign investors.”
Wasit investment Commission granted three licenses during the past two months, one in the industrial sector was granted to a UAE company to establish a factory for secondary ceilings, in addition to two licenses in the health sector were being awarded to Iraqi investors for the establishment of two hospitals in the city of Kut, the cost of the first one is six billion and 500 million dinars, and the cost of the second is six million dollars, implementation period was determined to be between 18-22 months
There are 10 investment projects in the province of Wasit covering the sectors of housing, industry, health, refrigeration and air conditioning, the animal production sector. Total investment is of 120 million dinars.
Wasit Investment Commission was founded in October 2007, it is the first commission to be formed in the provinces after Kurdistan Region. It hosted more than one local investment Conference as well as a conference of all provinces and participated in many foreign economic forums.