NIC Chairman, Dr. Sami Al- Araji met in his office on the 14th of Mar. 2012 the representatives of Bell Vicar Bolders Danish Company.

NIC Chairman Dr. Sami Al- Araji met in his office on the 12th of Mar. 2012 the representatives of Badir Kuwaiti Company.

NIC Chairman Dr. Sami Al- Araji met in his office on the 12th of Mar. 2012 the head of the Economic department in the American Embassy.

NIC Chairman Dr. Sami Al- Araji met in his office on the 12th of Mar. 2012 the Counsel of the Canadian Embassy in Baghdad.

NIC Chairman Dr. Sami Al- Araji met in his office on the 12th of Mar. 2012 the Chinese Commercial Counsel.

Investment opportunity

The National Investment Commission is pleased to announce the investment opportunity to construct a complete residential complex for the employees of the Shiite Endowments Directorate in Baghdad – Karrada district within a total area of (60) acres in accordance with the Investment law No. 13 of 2006 as amended and according to the requirements set below:
1- The project includes the establishment of a residential complex of vertical eight-storey buildings each

2- Number of units to be implemented is (2400) housing units with areas of (125 m ², 175 m ², 225 m ²)
3- Constructing schools for the three phases with nurseries – medical centre – a shopping and marketing center – a cultural center – services (water, sewage, power stations and generators).
4- a playground, passengers roads, parking spaces and green areas in accordance with the in forced relevant standards of the Municipality of Baghdad and the Ministry of Housing and Construction.
5- The system of funding for this project will be supported through a bank that should be accredited by the Central Bank of Iraq to be a mediator between the beneficiary and the investor while the cost of each apartment and the payment mechanism is to be negotiated with the investing company and the mediator bank.
Investors who wish to apply for this investment opportunity can provide their technical, economic and financing plans and fill in the investment application form available on the website of the National Investment Commission and attach requirements described on page (7) of the same form.

Note: You can apply for this investment opportunity within one month from the date of publication of this announcement.
oss@investpromo.gov.iq

NIC Chairman, Dr. Sami al-Araji met in his office on Wednesday 7/3/2012 a delegation from US Embassy.

NIC Chairman, Dr. Sami al-Araji met in his office on Wednesday 7/3/2012 Alhakak company representatives.

NIC Chairman, Dr. Sami al-Araji discussed in his office on Tuesday 6/3/2012 with the Excellency of Ambassador of South Korea the prospects of investment cooperation between the two countries.

During its participation in the conference of infrastructure of transport sector
The National Investment Commission……. Confirms that investment is the best solution to develop the transport sector in Iraq

NIC participated in infrastructure’s conference of transport sector which was held by Ministry of Transport in Baghdad during the period 26-27/2/2012 with the participation of many government institutions as well as 40 international and local companies specialized in transport sector, the conference aimed at finding effective solutions to develop infrastructure in Iraq like airports ,ports, railways and land roads. Minister of Transport Mr. Hadi al Amiri and through his speech given during the conference invited the international companies to participate in rehabilitation of infrastructure of transport sector indicating that Iraq may be the most attractive part in the world for investing in transport sector and there are opportunities estimated with billions of dollars to invest in this vital sector , al Amiri referred to the Iraq’s desire of rehabilitating existing airport and build new ones as well as develop transport networks in air, land and sea in the country with an area of more than (437000)square kilometers declaring that Iraq is thinking of establishing more than (2000) kilometers of railways according to the European advanced.

From his part the NIC vice chairman Mr. Salar.M.Amin in his speech through the conference said that the best solution to develop transport sector and make it in the ranks of its counterparts in the world is to invest under the legal and investment environment in Iraq that encourages the international companies to invest in this vital sector indicating that NIC is continuing to cooperate with Minister of Transport to list the investment opportunities in transport sector within investment map in Iraq. Mr. Amin presented many of suggestions to develop the transport sector such as the necessity of contracting with a specialized consultancy company to present advice and suggestions and putting a total plan to identify the suitable investment opportunities to be presented to investors ,in addition to complete the design of strategic projects offered for investment and create the visions for each project such as the project of metro Baghdad and the big port of Faw, then he added that the resort to investment in transport sector is a way adopted in most countries of the world especially when financial capabilities and the amounts allocated for this sector by the state are not sufficient to enable the companies of Transport Ministry to implement the projects of future plans especially in the field of railways, ports and airports.

Many of workshops and direct meetings were also held on the sidelines of the conference which gathered numbers of local investors, international companies and officials from Ministry of Transport and representatives from NIC to clarify the benefits and guarantees in the investment Law no,(13)of 2006 in addition to creating an investment partnership between the local investor and the foreign companies in transport sector.