With the presence of Deputy Prime Minister Dr. Ruz Nuri Shawis

National Investment Commission holds the Iraqi-Singapore Business and Investment forum

With the presence of Deputy Prime Minister Dr. Ruz Nuri Shawis NIC held in Baghdad the Iraqi-Singapore Business and Investment forum for the period 3-4/3/2013 in order to brief the Singapore delegation on investment opportunities in Iraq, as well as promote economic and commercial exchange between the two countries. The Deputy Prime Minister Dr. Ruz Nuri Shawis confirmed, in an opening speech, that the Iraqi Government is working to support the private sector to be involved in the development process through a number of amendments of laws in forced to grant the investors more facilities to enter the investment process, expressing the Iraqi Government’s desire to create strategic economic partnerships in all economic sectors with the Republic of Singapore. From his part the NIC Chairman, Dr. Sami al-Araji, in his speech welcomed the guest delegation presenting the investment and development opportunities in Iraq urging the Singapore companies to participate in the investment process in different economic sectors to serve the interests of the two countries.

Al-Araji showed that NIC will provide, to the investor who wishes to work in Iraq, all privileges and guarantees ensured by investment law no. 13 for the year 2006 as amended indicating that NIC as a part of its quest to create an investment climate after the completion of the second amendment which is in its way to legislation that will provide more facilities to investors to develop the investment work in the country. He also invited the Singapore companies to make investment partnerships contracts with the Iraqi private sector, referring that Singapore is economically developed country especially in financial and banking facilities sectors , in addition to the Singapore companies’ mostly fine characteristics in the field of housing units construction, infrastructure , ports and airports and so on.

From his part the Singapore’s non- resident ambassador, Mr. Zainol Rashid, said that his countries’ companies have the desire to enter the Iraqi market to invest especially in oil and gas sectors in addition to the construction of airports, infrastructure and commercial exchange between two countries. Then Mr. Rashid added that Singapore has enough experience to develop and promote the new Iraqi economy reviewing his country desire to increase the commercial exchange between the two countries especially that Singapore relies on Iraqi oil by 95%.

On the sidelines of the two day forum, workshops was held between the Iraqi private sector represented by (Federation of Chambers of commerce, Federation of Industries, Businessmen Union, Iraqi National Business Council, Association of Iraqi Banks, Economic Community and Federation of Iraqi contractors) and the Singaporean counterparts to exchange ideas and point of view as well as studying the possibilities to enhance partnerships to implement the project for the good of the two countries.

Chairman of the National Investment .. We seek to achieve economic integration between the two countries

The head of the National Investment Commission, Dr. Sami Raouf al-Araji, the pursuit of Iraq and Egypt to achieve economic integration between them and increase trade exchange and the establishment of investment partnerships strategy to serve the interests of the two brotherly countries and bring them economic prosperity, praising the capabilities of Economic enjoyed by the Republic of Egypt and the possibility of investment to participate in the development process and rebuilding Iraq.

This came during chaired by the Iraqi Business Forum – Egyptian held in Baghdad for the period (4-5/3/2013) on the sidelines of a state visit, Egyptian Prime Minister Hisham Qandil to Iraq in the presence of Minister of Industry and Foreign Trade Hatem Saleh, as well as 70 of the businessman Egyptians and a number of officials in the Iraqi government and businessmen representing the Iraqi private sector.

The President of the Commission in front of the Egyptian companies a number of investment opportunities in various economic sectors, including (oil and gas, agriculture, industry, tourism and health .. etc), stressing that the Commission has been able to overcome many of the obstacles to the entry of investors to the Iraqi market, including visa, which has become enjoy great facilities, as well as to give them all the facilities and guarantees granted to them under the Investment Law No. 13 of to Ssna 2006 and its amendments.

Of Japinh praised the Minister of Industry and Foreign Trade Engineer Hatem Saleh warmly Alasagbal and hospitality which was met by the Egyptian delegation by the Iraqi government and the National Investment Commission, noting that the Iraqi market is promising and attractive to investors and that Egyptian companies willing to engage and contribute to the investment process through the establishment of projects, strategic and economic partnerships great with the Iraqi private sector.

The forum witnessed the signing of a memorandum of cooperation in the field of investment in the housing sector between the National Investment Commission and the Arab Contractors Company for the purpose of the boot to start negotiations to build housing units in Iraq by the Egyptian investment companies.

This was held on the sidelines of the forum workshops between businessmen in both countries, where she discussed the those workshops possibility of investment and set up projects in five key sectors (engineering goods, construction materials, agricultural crops, oil and chemical products, food products).

With the presence of Deputy Prime Minister Dr. Ruz Nuri Shawis

With the presence of Deputy Prime Minister Dr. Ruz Nuri Shawis NIC held in Baghdad the Iraqi-Singapore Business and Investment forum for the period 3-4/3/2013 in order to brief the Singapore delegation on investment opportunities in Iraq, as well as promote economic and commercial exchange between the two countries. The Deputy Prime Minister Dr. Ruz Nuri Shawis confirmed, in an opening speech, that the Iraqi Government is working to support the private sector to be involved in the development process through a number of amendments of laws in forced to grant the investors more facilities to enter the investment process, expressing the Iraqi Government’s desire to create strategic economic partnerships in all economic sectors with the Republic of Singapore. From his part the NIC Chairman, Dr. Sami al-Araji, in his speech welcomed the guest delegation presenting the investment and development opportunities in Iraq urging the Singapore companies to participate in the investment process in different economic sectors to serve the interests of the two countries.

Al-Araji showed that NIC will provide, to the investor who wishes to work in Iraq, all privileges and guarantees ensured by investment law no. 13 for the year 2006 as amended indicating that NIC as a part of its quest to create an investment climate after the completion of the second amendment which is in its way to legislation that will provide more facilities to investors to develop the investment work in the country. He also invited the Singapore companies to make investment partnerships contracts with the Iraqi private sector, referring that Singapore is economically developed country especially in financial and banking facilities sectors , in addition to the Singapore companies’ mostly fine characteristics in the field of housing units construction, infrastructure , ports and airports and so on.

From his part the Singapore’s non- resident ambassador, Mr. Zainol Rashid, said that his countries’ companies have the desire to enter the Iraqi market to invest especially in oil and gas sectors in addition to the construction of airports, infrastructure and commercial exchange between two countries. Then Mr. Rashid added that Singapore has enough experience to develop and promote the new Iraqi economy reviewing his country desire to increase the commercial exchange between the two countries especially that Singapore relies on Iraqi oil by 95%.

On the sidelines of the two day forum, workshops was held between the Iraqi private sector represented by (Federation of Chambers of commerce, Federation of Industries, Businessmen Union, Iraqi National Business Council, Association of Iraqi Banks, Economic Community and Federation of Iraqi contractors) and the Singaporean counterparts to exchange ideas and point of view as well as studying the possibilities to enhance partnerships to implement the project for the good of the two countries.

Under the patronage of H.E Prime Minister Nuri Al

The National Investment Commission Holds a Celebration to Sign Agreement and Lay down the Foundation Stone for Diffaf Karbala Residential Project

Under the patronage of the H.E Prime Minister Nuri al- Maliki the National Investment Commission held a celebration to sign agreement and put the foundation stone for Diffaf Karbala residential project on Thursday 28/2/2013 in Holy Karbala city with the presence of the Governor of Karbala ,Chairman and members of the provincial council, members of parliament , UAE Ambassador in Iraq, Executive Director of the National Holding Group, CEO of Bloom Co. and a number of Government officials and Businessmen. The Prime Minister , in his speech on this occasion, praised the efforts of NIC and the executing company to overcome all difficulties that had faced the project expressing the Iraqi need to such strategic projects that will serve the country and stimulate its economy calling the legislative institutions to provide a legislative and legal environment to attract capitals and global investment indicating that his government is working to provide everything that contributes to propel the economy forward .

From his part the chairman of NIC Sami al- Araji showed his gratitude and appreciation to Prime Minister for his continued support to the development and investment process in the country especially strategic projects such as Diffaf Karbala and Bismayia New city projects. Al- Araji also indicated that the project’s area is 20 square kilometers that includes (40) thousand housing units and will be implemented through four stages during eight years with full infrastructure services and public recreational facilities.

The Governor of Karbala, Amal Alher, in his turn said that this project is a big achievement for the province which will reduce the housing crisis and contribute to provide job opportunities for the people of the province.

In the other hand UAE Ambassador, Abdullah Al-Shehhi, assured that the project will be encouraging and attractive to investors in Karbala and that the UAE company is the best to represent the United Arab Emirates in Iraq. On the other hand the Chief Executive of Emirates National Holding Company, Ghassan Abdul Karim, said that Bloom Properties which belong to the Holding Group is one of the leading companies in the United Arab Emirates and has the interest to invest in industry , urban development , general trade and oil and gas sectors in Iraq.

Under the patronage of H.E Prime Minister Nuri Al maliki

The National Investment Commission Holds a Celebration to Sign Agreement and Lay down the Foundation Stone for Diffaf Karbala Residential Project

Under the patronage of the H.E Prime Minister Nuri al- Maliki the National Investment Commission held a celebration to sign agreement and put the foundation stone for Diffaf Karbala residential project on Thursday 28/2/2013 in Holy Karbala city with the presence of the Governor of Karbala ,Chairman and members of the provincial council, members of parliament , UAE Ambassador in Iraq, Executive Director of the National Holding Group, CEO of Bloom Co. and a number of Government officials and Businessmen. The Prime Minister , in his speech on this occasion, praised the efforts of NIC and the executing company to overcome all difficulties that had faced the project expressing the Iraqi need to such strategic projects that will serve the country and stimulate its economy calling the legislative institutions to provide a legislative and legal environment to attract capitals and global investment indicating that his government is working to provide everything that contributes to propel the economy forward .
From his part the chairman of NIC Sami al- Araji showed his gratitude and appreciation to Prime Minister for his continued support to the development and investment process in the country especially strategic projects such as Diffaf Karbala and Bismayah New city projects. Al- Araji also indicated that the project’s area is 20 square kilometers that includes (40) thousand housing units and will be implemented through four stages during eight years with full infrastructure services and public recreational facilities.
The Governor of Karbala, Amal Alher, in his turn said that this project is a big achievement for the province which will reduce the housing crisis and contribute to provide job opportunities for the people of the province.
In the other hand UAE Ambassador, Abdullah Al-Shehhi, assured that the project will be encouraging and attractive to investors in Karbala and that the UAE company is the best to represent the United Arab Emirates in Iraq. On the other hand the Chief Executive of Emirates National Holding Company, Ghassan Abdul Karim, said that Bloom Properties which belong to the Holding Group is one of the leading companies in the United Arab Emirates and has the interest to invest in industry, urban development, general trade and oil and gas sectors in Iraq.

During his visit to province of Karbala
NIC Chairman …the council of Ministers agreed to grant an investment license for the implementation of Diffaf Karbala residential project

The chairman of NIC Dr. Sami al- Araji declared that the council of Ministers decided to grant UAE’s Bloom an investment license for the implementation of Diffaf Karbala residential project indicating that the Holy City will witness the presence of the Prime Minister Nuri al- Maliki singing ceremony between NIC and Karbala Investment Commission on one hand and the executing company on the other hand as well as laying the foundation stone of the project.
This took place during al- Araji’s visit to Karbala on Wednesday 20/1/2013 when he met Mr, Amal al- Herr, the governor of Karbala, and Mr. Muhammed Hamid al- Musawi, president of the provincial council, with the presence of a number of officials in the province where they discussed the ways to enhance the investment process, stressing that many international companies and investors willing to contribute in investment process because of Karbala’s location and its religious status.
Al- Araji added during a joint press conference that Diffaf Karbala residential project will be a major milestone in the architecture, modernity and services according to the heritage, history and the sanctity of the city, explaining that the project’s area is 20 million square meters and it will be established on the banks of Razzaza Lake which includes building) 40( thousand housing units horizontal and vertical system which will be completed with four stages each stage include )1o(thousand unit accompanied by service installations. The NIC chairman said that this visit comes in the line with the approach in the following –up the investment process in all provinces in Iraq and provide all suitable conditions for establishing investment projects praising the role of the provincial investment commissions to make the investment process a success to serve the public interest.
From his part Karbala’s governor praised the role of NIC in attracting large capitals to the province and facilitates the entry of investors to establish investment projects and revitalize the commercial traffic in provinces such as Diffaf Karbala residential project expressing the province’s readiness to support the investment commission in the province and all investors according to the Iraqi laws.