The Chairman of the National Investment Commission meets the Saudi Minister of Investment and discusses the soft loan of three billion dollars for the reconstruction of Iraq

The Chairman of the National Investment Commission Dr. Makiya meets the Saudi Minister of Investment Mr. Al Falih and discusses the soft loan of three billion dollars for the reconstruction of Iraq

The two sides addressed topics such as the sports stadium, the S.A grant, and expanding bilateral cooperation in various sectors guaranteed by investment between Baghdad and Riyadh.

Dr. Makiya stated that the investment map for Iraqi projects includes many opportunities for Saudi investors, calling for continued efforts and meetings in order to make the plans aiming at strengthening relations between the two countries’ investment institutions succeed.

Chairman of the National Investment Commission discusses prospects for coordination in investment projects with the Saudi Council for Development Chairman.

The Chairman of the National Investment Commission, Dr. Haider Muhammad Makiya, met in Riyadh today, Sunday 3/19/2023, with the Chairman of the Saudi Council for Development, Mr. Sultan Abdul Rahman Al-Murshed, they discussed expanding the horizons of development projects between the two countries.

During the meeting, attended by the Iraqi ambassador to Riyadh, Dr. Abdul Sattar Hadi al-Janabi, NIC Chairman confirmed the interest of the Iraqi government in developing the investment sector, and expanding dealings with foreign investors, indicating that NIC has plans to move the sector towards large projects.

He added that the meeting with the Saudi side discussed mechanisms for allocating development projects from different sectors, establishing model health centers and schools throughout Iraq, silos in specific areas in a number of governorates, as well as infrastructure for residential cities.

For his part, the Chairman of the Saudi Council for Development, Mr. AlMurshed, conveyed the greetings of the Government of the Kingdom of Saudi Arabia to the Iraqi delegation and its willingness to open horizons for joint coordination in the investment sector, pointing out that the Saudi side is working to strengthen partnership with the NIC and develop it towards various sectors that meet the needs of the Iraqi market.

NIC Chairman discusses commercial and investment cooperation with the Saudi Minister of Commerce

Dr Makiya, NIC Chairman, discussed commercial, economic and investment cooperation between Baghdad and Riyadh with the Saudi Minister of Trade, Dr. Majid bin Abdullah Al-Qasabi.

At the outset of the meeting, which came as part of the program of the Iraqi delegation’s visit to the Kingdom of Saudi Arabia, Dr. Makiya  indicated the importance of strengthening trade and investment relations with the regional countries and the world, including Saudi Arabia.

The meeting discussed identifying paths of investment opportunities and ways to enhance economic cooperation and develop commercial opportunities between the Republic of Iraq and the Kingdom of Saudi Arabia.

In the same context, the Saudi Minister of Commerce, Dr Al-Qasabi, explained the S.A interest in raising cooperation levels with Iraq and proceeding with strategic agreements that serve the economic, trade and investment sectors in both countries.

 

• Chairman of the National Investment Commission heads a government delegation to the Kingdom of Saudi Arabia to discuss joint investment opportunities between Baghdad and Riyadh and to discuss the establishment of the Iraqi-Saudi company.
• The Iraqi delegation included representatives from the Ministries of Foreign Affairs, Oil, Electricity, Construction, Housing, Agriculture, Planning, Trade and the General Secretariat of the Council of Ministers.
• The delegation will discuss partnership paths developing investment sector in Iraq.
• Iraqi delegation is establishing agreements that grant investment and de3velopment projects a strategic dimension in implementing and simulating pioneer projects in the region.
• Iraqi delegation visit to Saudi Arabia id a step forward reinforcing trust in the national investment environment and encourage Saudi capitals and investors to invest.

NIC Chairman meets with the S.K Ambassador to discuss joint cooperation 

Chairman of the National Investment Commission, Dr. Haider M. Makiya, received the Ambassador of the Republic of South Korea to Baghdad, Mr. Choi Sung Soo, where they discussed mechanisms for joint cooperation in the investment sector.

Chairman of the National Commission stressed the importance of enhancing the levels of bilateral cooperation between Baghdad and Seoul, proceed with agreements to protect investment work between the two countries and attract Korean capital and investors.

Makiya added that the Bismayah Compound, which was implemented by the South Korean Hanwha Company, is considered one of the pioneering residential projects, due to the availability of quality standards, accuracy in implementation, competitive prices, and a solution to the housing crisis.

the Korean Ambassador, Mr. Choi Sung Soo, expressed his thanks to the NIC Chairman, Dr. Makiya, for his interest in developing cooperation and potential technical, legal and financial discussions with Hanwha Company to reach the decision to sign the annex to the contract for the Bismayah Residential Complex project.

 

NIC Chairman heads the Board of Directors’ 1st meeting and calls for completing the investment map for 2023

Dr. Makiya, NIC Chairman, headed the Board of Directors’ 1st meeting and calls for a bigger role in enhancing integration factors in investment sector.

Chairman said at the meeting that the government is looking forward contributions of the NIC in consolidating and encouraging the investment environment, identifying problems in PICs’ projects, and finding realistic solutions to them, stressing that BoD tasks are within studying and evaluating work directions and strengthening the final decisions of the NIC .

 

Amending NIC laws and regulations including BoD role, coordination with sectoral entities regarding granting licenses for delayed and stopped projects, completing the investment map for 2023 by cooperating with ministries and sectoral entities, was discussed at the  meeting

BoD members welcomed NIC Chairman and assured their keen to achieve integration and coordination in making decisions concerning vital investment projects.

9/3/2023

 

NIC signs a contract for investment services and engineering supervision to develop projects

NIC signed two contracts for investment services and engineering supervision for the Lake Project within Al Refeel City awarded to the Forth Dimension Co. with the two consultant bureaus of Al Mustansriya and Al Iraqiya Universities

Dr. Makiya said that NIC is following its procedures with the right criteria allowing it to develop national investment that elevate the value of the technical projects and assure design safety and execution.