Confirmed that the National Investment Commission that Matnaqlth some media reports of a fire in the building is baseless news that the fire broke out in one of the buildings adjacent to its headquarters and the civil defense prevented the arrival of the fire to the building

He said general manager in the National Investment Commission that the fire did not reach the building, and what happened is the arrival of black smoke into the building, indicating that all sections and departments and body content of private files and documents their work did not affect any harm or damage whatsoever.

On the other hand, provide the Director-General thanks and gratitude to all officials who Atmino to the safety of the employees of the Commission, at the same time expressing appreciation and respect for the العاليين Authority for outstanding effort that his civil defense men in the performance of their work.

Announced that the National Investment Commission announced the launch of Dabbash residential project investment opportunity to create a vertical residential complex by (20) thousand residential units.

The President of the National Investment Commission, Dr. Sami Raouf al-Araji, in a press statement on Wednesday, 08.01.2012 that the project will be built on an area (992.500 m 2) in the area of ​​Dabbash Baghdad and includes (20) thousand residential units integrated services, in addition to shops and places of entertainment and social and will meet the requirements of modern life for people with average income.

He called the investment companies and investors to participate in this investment opportunity advertised in the official website of the National Investment (www.investpromo.gov.iq ) to submit their applications to the headquarters of the Authority within a period of 60 days (sixty days) from the date of the announcement of the project.

He said the President of the National Commission that the project enjoys the benefits of the Investment Law No. (13) for the year 2006 amending including exemption from taxes and fees, in addition to the obligations that imposed by the Investment Law, the investor, noting that the foreign investor the right to transfer of capital and profits and wages of employees, according to the Central Bank Iraq, and will be competent governmental authorities to ensure the security of the project .

Modern designs meet the requirements of modern life

National Investment Commission announces the development project

Rasheed Camp (formerly) five investment opportunities

Announced the National Authority for Investment Development Project Rasheed Camp (formerly) five investment opportunities (Residential, Commercial, sports, health, entertainment) through three modern designs according to international standards that meet the requirements of modern life prepared by the architects of the Ministry of Construction and Housing and the University of Technology.

The President of the National Investment Commission, Dr. Sami Raouf al-Araji, during a press conference held at the headquarters of the occasion on Sunday, 07.22.2012 that the Authority had approached a number of international companies competent investment to contribute to these opportunities five, and that is open to any investor to enter and participate in this project Dynamic and declared the official website of the National Investment ( www.investpromo.gov.iq ) for a period of (60) days from the date of the announcement, as the investment will be direct investment and sales of the citizens are in accordance with the principle of supply and demand, noting that the designs of the three provided and developed specific criteria for implementation , aspect housing will be built (50 – 70) thousand residential units according to the vertical construction and four areas (120 m 2 , 140 m 2 , 160 m 2 , 200 m 2 ) and high (10) floors above, in addition to (5) of thousands of housing units horizontal form a separate building is composed of two-or three-storey per unit.

He added that the business side of the city will include commercial centers, malls and chain Five Star hotels with the services of a cultural and social cinemas, theaters and cultural centers, either the medical side will work on the rehabilitation and development of Rashid Hospital Military (formerly) and the addition of buildings have a capacity of a thousand bed with building complex and the College Studies and medical specialties to be a teacher Medical large in Iraq and will be done in coordination with the Ministries of Health and Higher Education, as will the entertainment set up an entertainment complex and the city of games, as well as the development of Corniche Tigris River, including the city’s water with hotel services required, including the aspect of sports will build a stadium Contributor capacity (60) thousand spectators with a secondary stadium capacity (10) Thousands of spectators with closed multi-purpose rooms and an Olympic swimming pool (open and closed).

This saw the end of the press conference a detailed view of the three designs for the project by the gentlemen in the engineering department officials and the National Consulting Center at the Ministry of Construction and Housing professors and specialists from the University of Technology.

During the Periodical Meeting with the Chairmen of the Provincial Investment Commissions

NIC Chairman Dr. Sami Al- Araji and during heading the periodical meeting with the DGs of the provincial investment commissions on Sunday, Jul.15.2012 emphasized the importance of tracking the investment licenses granted by the provincial investment commissions and evaluating the achievement rates reached for each one and laying the suitable solutions for the obstacles with submitting all facilitations and guarantees granted by investment law and its amendments, assuring the importance of better activating the investment process during the second half of this year through implementing the strategic projects that touches the Iraqi citizen in each governorate and in all sectors in addition to allocating the lands named for investment in the governorates.

NIC Chairman also clarified that there are three mechanisms to track the big investment projects that governorates can choose any of them to monitor the achievements phases of the said projects which are represented either by cooperating with the departments and engineers of the Ministry of Housing and Construction or making use of the experiences of the engineering consulting offices of the Iraqi universities or the private local or foreign reputable engineering consulting offices of the long years of experience, referring that tracking the investment projects through one of these mechanisms is considered as the best way to implementation with the required specifications previously agreed upon with the investor according to the investment licenses granted which grant the rights of both the investor and the government stressing the necessity of giving high priority to updating the investment map in each province according to economic sectors especially those attracting investors.

NIC Chairman also listened to a number of suggestions and opinions by the chairmen of the provincial investment commissions concerning the investment process and some of the obstacles hindering the establishment of the investment projects when he promised to eliminate all these obstacles for serving both Iraqi people and the investors’ expectations.

For the Purpose of Facilitating the Work of Japanese Companies in

NIC embraced the ceremony of opening the representing office of the Japanese Cooperation Center in the Middle East on Jun.18.2012 which will facilitate the entrance of the Japanese companies into Iraq to invest in the various economic sectors in addition to conducting development programs for the Iraqi human resources through holding the training courses, studies and researches.

NIC Chairman, Dr. Sami Al- Araji in his speech given during the ceremony said that the Iraqi Prime Minister visit to Japan during last November opened wide gates for the economic cooperation between the two countries and the opening of JCCME office is the result of this cooperation.

Al- Araji clarified that the JCCME office will be the start for the reactivation of the Iraqi- Japanese economic relations on investment and trade levels and that the NIC will provide all facilities and privileges guaranteed by the Iraqi valid laws to make the work of the Japanese companies a success inside Iraq.

NIC chairman also referred during signing the MOU between the NIC and JCCME on the sidelines of the celebration ceremony to the desire shown by the Japanese companies to enter the Iraqi market

JCCME Chairman, Mr. Tadatsuna Koda asserted that the JCCME office will open new cooperation horizons with Iraq which is economically considered one of the most important countries in the region and that the Japanese companies have a strong serious desire to enter the Iraqi market and to participate in the reconstruction process matters that had been discussed during the seminar held last April on Iraq Work held by the JCCME in which more than 100 Japanese company had participated.

Japanese Ambassador, Mr. Susumo Hasegawa assured through his speech that the economic relations between Iraq and Japan evolved significantly especially after the last visit of the Iraqi Prime Minister to Japan and holding the economic joint committee meetings in addition to the agreements signed concerning the Japanese loan of (750 million $) for 4 new projects certifying that this center will be for Iraqi and Japanese businessmen and for concluding investment partnerships in coordination with the NIC

DG assistant of the International trade Policies department of the Japanese Ministry of trade and Industry stated that Iraq has a promising market and it has entered new era of economic development after the postwar reconstruction stage just like what had Japan witnessed during the reconstruction process that had followed the second world war adding that Japan will provide all support of expertise and technologies for the success of Iraq reconstruction process in which Japanese companies shall participate through big investments

Mr. Abbas Shmara, Vice Chairman of Iraqi Businessmen Council expressed the Iraqi private sector desire to conclude strategic partnerships with their Japanese counterparts praising the role of the Japanese companies during the 70s and 80s of the last century putting its touches on the technological and architectural development in all Iraqi cities expressing his hope to see these companies again in Iraq to participate in the reconstruction process

Worth mentioning that the NIC Chairman, Dr. Sami Al- Araji signed on behalf of the Iraqi government on the agreement of Promoting and Protecting investment between Iraq and Japan which was also signed by the Japanese Ambassador in Baghdad on behalf of the Japanese government on Jun.7. 2012 the agreement which aims at attracting Japanese companies to enter the Iraqi market and participate in the reconstruction process