NIC Chairman Stresses the Importance of allocating the Lands required for the One Million Housing Units Project

Avatar for adminAdmin

news12

During his Meeting with the PICs Chairmen
NIC Chairman Stresses the Importance of allocating the Lands required for the One Million Housing Units Project

NIC Chairman, Dr. Sami Al- Araji gave his directives to the PICs chairmen to accelerate finalizing all technical requirements for allocating the lands needed to implement the project of building the One Million Housing units all over Iraq according to the available lands in each province.

The directives came during the meeting headed by Dr. Sami and attended by PICs chairmen referring that NIC had completed all technical requirements to start the construction of 200 thousand housing units 100 thousand units of which in Bismaya which shall be implemented by Hanawa South Korean Company as an electronic program had been prepared to register people willing to buy these units which shall be announced soon by NIC.

While the second site will be in Basra (Tanooma) of 100 thousand housing units to be implemented by “Track” South Korean company where all technical requirements regarding the soil surveys and final designs had been obtained referring that the NIC is going forward in implementing the other provinces quota of the One Million housing Units Project.

In the other hand, NIC Chairman stressed the importance of finalizing the investment map update by the team assigned for this task aiming at specifying all investment opportunities especially the strategic ones in a way that make them ready to be internationally prevailed.

Regarding the investment law and requirements of the coming stage, NIC Chairman clarified that suggestions for amending some of the investment law provisions and Statute (7) will be submitted in order to save the rights of the state and investor and to help in finding the suitable legal compromises to avoid overlapping between the current valid laws which contradicts in some of its issues the investment law.

Dr. Al- Araji listened to a number of suggestions and opinions by PICs chairmen regarding the investment in various sectors promising to eliminate all obstacles hindering the implementation of investment projects all over the country.

NIC Signs an MOU with its Syrian Counterpart

Avatar for adminAdmin

Aiming at Reinforcing Investment Cooperation between the Two Countries
NIC Signs an MOU with its Syrian Counterpart

NIC signed a memorandum of Understanding on the 28th of July in Baghdad with the Syrian Investment Commission that aims at encouraging and promoting investment projects between companies, institutions and individuals belong to both countries.
Dr. Sami Raouf Al-Araji Chairman of the National Investment commission said during the signing ceremony that this agreement provides in number of its provisions strengthening the connections in the field of investment cooperation and work on the definition of investment opportunities and projects available in the two countries, and included work to strengthen the meetings and exchange visits between Iraqi and Syrian investors and encourage investment in various productive and services sectors and hold seminars to introduce the investment climate and opportunities for available projects in two countries, as well as the exchange of information, legislation and laws in force in the field of investment and participation in investment fairs held in both countries while working to provide services and facilities necessary for investors to completion of investment projects in accordance with the valid legislations in the two countries.
Dr. Sami assured that Iraq is open to investments in all fields represented by (Industry, Agriculture, Oil & Gas, Education, Housing and Infrastructure, Trade, Health, Tourism, Transport and communication) and the NIC shall announce investment opportunities available in all sectors to the Syrian companies and businessmen in another meeting in Baghdad.
On the Syrian side, the MOU was signed by Mr. Ahmed Muhammed Diab, the DG of the Syrian Investment Commission.

National Investment Commission Holds a Series of Meetings with a coalition of American and South Korean companies

Avatar for adminAdmin

Aiming at Building 100 Thousand Residential units in Basra
National Investment Commission Holds a Series of Meetings with a coalition of American and South Korean companies

A lengthy meeting was held on Tuesday 26.Jul.11 at the headquarters of the National Investment Commission chaired by His Excellency Chairman of the National Investment Commission, Dr. Sami al-Araji with representatives of the consortium (Trac) and a group of major international companies, represented by the two companies (Hill International and Hillston) the Americas, as well as ( Hyundai), (Halla), (JUNGLAM), (DOHWA)) South Korean engineering and construction companies and the technical committee for the project of building one million housing units throughout Iraq on a project to build 100,000 housing units in the province of Basra.
An official source in the commission said that this meeting included discussing the structural system which will be used by the group of companies for the implementation of the housing project, in addition to the ideas of architectural design of the housing unit and design of the project site and the proposed funding mechanism for the project, adding that it was agreed to hold a series of meetings during the next few days until reaching an agreement on the designs.
The delegation of the South Korean companies had visited earlier this week Shatt al-Arab district in Basra province in which the project shall be implemented on an estimated area of (10) thousands of acres.
It is worth mentioning that the technical committee for the project of building one million housing units, headed by Dr. Sami al-Araji includes consulting engineers of various specializations representing the Ministries of Housing and Construction, Higher Education and Scientific Research and the National Investment Commission.

Karbala Monorail

Avatar for adminAdmin

Karbala Monorail

General Technical Conditions
Project Name: Karbala Monorail
General Specifications:
Concrete monorail train ‘that goes 6 meters above the medium sideway.
Length of the preliminary line
Length of the operating lines 15 KM
The second and third phases to be agreed upon later .
The first phase line length shall cover ( the visitors city / Baghdad road, Baghdad Gate street, Baghdad gate for the two holy shrines, Al- Hussain Bridge, Twereege Gate street, Hor Al- Seeb train station, the new Janoob garage, KarbalaUniversity, Al-Ibrahemia)
Stations:- between (10-15)
The normal station sideway length is 70 Meter with escalators and lifts for the disabled on the two sides of the station.
Main stations of the start and end and other substations.
Maximum speed:- (80-90) KM/ H
Curves does not exceed 60 meters radius
The capacity of each trailer of the train is not less than (300 passenger)
The successive coming of the trains to the station must take (1,5-2 M) in the two directions
The train must manage dealing with the current city bridges and to develop the designs of the future bridges to suit the flow path of the train line
The line can be developed later to cover other area like Al- Hur and other important areas with 15 KM length.
The project shall guarantee transporting visitors during the big processions with transport capacity that reaches 500000 passenger/day in the two directions.

The National Investment Commission Holds the Iraqi – Iranian business and investment Forum

Avatar for adminAdmin

img2

Under the patronage of Prime Minister Mr. Nouri Al-Maliki
And
Aiming at attracting investments in to Iraq
The National Investment Commission Holds the Iraqi – Iranian business and investment Forum

Under the patronage of Prime Minister Mr. Nouri Al-Maliki, NIC held the Iraqi – Iranian business and investment Forum for the period of 6 – 07/07/2011 in the presence of more than (170) company and a businessman specialists from the Iranian side and more than two hundred and fifty companies and businessmen from the Iraqi side.
The Prime Minister Mr. Nouri Kamel al-Maliki in his speech during the Forum said that the convening of this meeting is a clear message announces the beginning of a new phase of bilateral equal and integrated relations between the two countries, particularly that Iraq and the Islamic Republic of Iran have the economic, public, scientific and historical weight which makes them responsible of supporting the process of stability and security in the region.
Al- Maliki called the two conferring sides to accelerate seizing opportunities for cooperation that can be set up for this meeting, pointing out that the investment environment in Iraq has become appropriate through the issuance of legislations and laws that guarantee the investor and corporate work safety and success and legal profit, while continuing providing the legal and legislative measures amendments to ensure reconstruction process and the entry of companies.

For his part, Dr. Sami al-Araji, Chairman of the National Investment Commission announced in his opening speech (11) economic hub for joint cooperation between the two countries and in different sectors are divided into (electricity, housing, industry, tourism .. etc.), stressing that this forum will be the beginning of the distinct and significant relationship between the two countries at both the private and investment partnerships.
He explained that the Commission has provided the options available to forms of investment for companies in Iraq and Iranian businessmen and with the participation of the private sector or with the public sector or direct investment or cooperation on the basis of materials supply.
He also declared that the next few years will witness different investment partnerships between Iraq and the specialized companies in Iran, calling at the same time to exploit those opportunities to build up serious partnerships in all sectors.
To the expectation of the President of the supreme body for the development of economic relations between Iran and Iraq Hassan Kazemi Qomi, the total volume of trade exchange between the two countries during the present yea to 20 billion dollars after reaching $ 6 billion last year, stressing that this increase is the result of the development of relations between the two countries, particularly the economic relations.

Qomi expressed his country’s readiness to support and encourage the Iranian private sector to enter the Iraqi market and the creation of investment partnerships with the Iraqi counterpart in various economic sectors, including construction of plants for electric power generation of 5000 MW capacity and the construction of housing units and rehabilitate and develop institutions of the industrial, oil, and agriculture sector.
The head of the Federation of Iraqi Chambers of Commerce, Mr. Jaafar al-Hamdani, had confirmed in his speech that this forum is a great opportunity for Iraqi companies to enter into agreements with their Iranian counterpart and to create conditions conducive to their advancement to be strategic partnerships, especially since the Iranian companies were able to accomplish many projects at the level of the Islamic Republic and regional states and internationally.
As the president of National Business Council of Iraq, Mr. Ibrahim Al-Baghdadi to establishing joint Iraqi – Iranian Council to take over the support and care of the private sector and investment in both countries, similar to the rest of the joint councils with friendly countries, emphasizing the desire of the Council, which includes a group of businessmen in Iraq, in cooperation with Iranian companies in different investment forms and in all economic sectors, whether on the basis of long-term cooperation or any other type of partnerships.
The first day and second of the Forum witnessed organizing workshops that represented (11) economic hubs which focused on important sectors of common interest between the two sides, these workshops were held with representatives from the private and public sectors in both countries for each sector.
The Forum was ended in the second day with announcing the final statement which confirmed that there are several memorandums of understanding had been agreed upon between the two sides and in different sectors and there will be a review and assessment of these notes and evaluation will be from the date of completion of this Forum in two phases after the first three months and the second end of the this year and so the two sides will evaluate the memorandums that shall be implemented and those are in progress or which have not been implemented to determine the reasons and obstacles that have prevented the implementation.
The statement added that it is hoped that an investment conference will be held in the capital Tehran, Islamic Republic of Iran during the month of April or May of next year, which will be complementary to the recommendations and accomplishments this current forum.

NIC The Resumption of the Austrian flights Reinforces Investment Cooperation with Europe

Avatar for adminAdmin

After the resumption of the Austrian Airlines Flights to Iraq

NIC The Resumption of the Austrian flights Reinforces Investment Cooperation with Europe

NIC assured that the resumption of flights from the European countries is considered as a very important step in the path of reinforcing investment cooperation between Iraq and Europe since this will contribute a lot to facilitating investors and businessmen access to the country.
This assurance was on the occasion of the landing of the first Austrian Civilian plane in Baghdad International Airport on the 8th of June. 2011 after a break for the Austrian Airlines that went for more than 20 years, an NIC official source said that European countries have big investment companies of different specializations and that Iraq is in need for the expertise of these companies to participate in the investment process Iraq is currently witnessing, assuring that opening a direct airline between Iraq and Europe (Baghdad- Vienna) represents a turning point for more comers in addition to removing many of the obstacles facing investors and sparing time, effort and money.
The Austrian Airlines in its turn announced through its website that three flights will be organized weekly to fly to Baghdad on the board of the Airbus (A320)
In the other hand, Mr. Hussien Masaood, president of the Holding Company of Egypt Air, announced from Cairo that the company had decided to resume its flights to Iraq after 21 years of stoppage starting from the date of 16. Jul.2011 by seven flights a week four to Baghdad and three to Erbil, clarifying that this decision had come to deepen the distinguished relations between Iraq and Egypt and to open new channels for economic and investment cooperation between the two countries.

Investment Opportunities in Shopping Centers

Avatar for adminAdmin

Announcement
Investment Opportunities in Shopping Centers

According to the investment conference held with the attention of respectable Minister of Trade and referring to the discussion of the investment opportunities held at 1L6L2011.
The State Company for Shopping Centers / Ministry of Trade is pleased to invite national, Arab and foreign companies specialized in the design, construction and management of modern malls to indicate their interest in investment for the estate lands mentioned in the table shown below:
No.
The Location and Type of the estates
Details & Description
1-
Al- Amel Shopping Center which is situated at !- Karkh in Baghdad Governorate
It is an empty piece of land of total area of 9 Dunam, 22 Ulke , fenced and situated in Al- Amel city
2-
Al- Thulatha Shopping Center wich is situated at al- Rusafa in Baghdad Governorate
Total area of 13 Dunam, 15 Ulke and 92 M²
3-
Al- Mustansyria Shopping Center which is situated in Baghdad Governorate,
(Damage percentage: 100%)
Total area of 14 Dunam, 4 Ulke and 44, 72 M².
The building is consisted of 4 floors with a crypt.
4-
Al- Salihia Shopping Center which is situated in Baghdad
(Damage percentage: 40%)
Total area of 4 Dunam, 9 Ulke and 55, 10 M².

5-
Al- Shaab Shopping Center which is situated at Al- Rusafa in Baghdad.
(Damage percentage: 50%)
Total area of 10 Dunam, 15 Ulke and 65 M².
The building is consisted of 4 floors with a crypt.
6-
Al- Adel Shopping Center which is situated at Al- Adel city in Baghdad
(Damage percentage: 40%)
Total area of 9 Dunam and 11, 5 M².
The building is consisted of 4 floors.
7-
The Duty Free Shopping Center which is situated at Al- Rusafa in Baghdad
(Damage percentage: 50%)

Total area of 4 Dunam, 6 Ulke and 25 M².
The building is consisted of 4 floors with a crypt.
8-
Um Al- Broom square at Basrah Governorate – Al- Ashar
Total area of 3 Dunam, 18 Ulke and 54 M².

9-
A piece of land that is situated at Babylon Governorate
Total area of 3 Dunam, 12 Ulke and 50 M².

– The offers of investment for the above shopping center must comply with Iraqi investment law No. 13/2006 as amended and the state companies law No. 22/1997 as amended and the companies have to present illustrated, complete offer according to the following terms and conditions:-
1- To present technical offer clarifying the construction, diagram, sketches and site plan for the dimension of the exploited area from the land and also to present the diagram of the architectural frontage and details of available spaces for the projects floor.
2- To present a commercial offer covering the total cost of the project and the expected financial revenues and percentage specified for the ministry.
3- To specify the number of employees the investor will keep of the original number working in the shopping center.
4- The companies must present a separate design for each site (shopping center) or one of them as well as the assistant additional attachments like restaurants, entertainment centers, conference halls, parks and garages based on the designated areas above.
5- The companies must present a record of similar works and to have high experience in achievement of such (malls, which has been designed, constructed, managed or owned) by them confirmable by authenticated official letters issued by specialized institution.
– Also to present a confirmable bank document proving their financial ability issued from an international first class bank or from a local bank accredited by Iraqi Central bank.
6- To present schedule for the execution of the investment plan proposed by the company and to specify the period of the investment in their commercial offer.
7- The companies must present their offers within a period not exceed the end of the official work time of Monday, 1.Aug.2011.
For more information, please contact the web site of Ministry of Trade / State Company of Shopping Centers as mentioned below…with our best regards.

NIC Chairman Discusses Means of Cooperation between Iraq & UK

Avatar for adminAdmin

img3

At his Meeting with Member of the British House for Commons, Nadhum Al- Zahawi
NIC Chairman Discusses Means of Cooperation between Iraq & UK

NIC Chairman, Dr. Sami Al- Araji discussed means of cooperation between Iraq and UK and the possibilities to benefit from the experiences of British capitals and companies and attract them to invest in Iraq.
That was during his meeting with Mr. Nadhum Al- Zahawi the member of the British House of Commons, the British of Iraqi origin. Dr. Sami assured that being Mr. Zahawi an important member of the economic committee in the British Parliament the matter that made his high profile business connections very wide will contribute to supporting the investment process in Iraq through giving the required guaranties for international banks to enter Iraq.
Mr. Zahawi in his turn said that the confidence in Iraqi economy is an important issue for the international companies, that’s why Iraq should adopt a reliable program in this regard, assuring that his negotiations during the last two days with concerned sides in Iraq will help him to come up with a clear business plan for the economic cooperation between the two countries and the role of businessmen of both sides.
Regarding the project of the One Million housing Unit, one hundred thousand units of which had been rewarded to Hanwah Korean Company to be built in Baghdad out of Baghdad’s 224 thousand units quota of the whole project, NIC Chairman assured that the next few weeks shall witness extensive discussions regarding the technical, economic and legal details of the project and requirements for implementation within the specified time, he also added that an experienced Korean technical delegation will arrive Baghdad soon to start the surveying works in the 8000 Dunam land where the project will be implemented.
Meanwhile, NIC Chairman assured that the commission will start distributing application forms for Iraqi people willing to obtain housing units of the areas specified as (100, 120, 140 M²) which will be sold according to two manners, the first is represented by paying the whole money in cash while the second manner is represented by paying by installments according to details to be discussed later.

NIC Participates in the Works of the Investment conference for Iraqi Shopping Centers and Fairs

Avatar for adminAdmin

img4

Aiming at Establishing Internationally competing Shopping Centers
NIC Participates in the Works of the Investment conference for Iraqi Shopping Centers and Fairs

Ministry of Trade in cooperation with NIC held the first investment conference to announce investment in Iraqi shopping centers and fairs within its investment plan for 2011 according to investment law No. 13 for 2006.
Minister of Trade, Dr. Kherallah Hasan Babker and in his speech during the conference, he assured that investment is considered one of the most important factors that can revive economy adding that the Ministry was keen to open doors for investments and attract capitals with planning a policy for economic reform aiming at following the market policy and achieve the goal of partnering with the private sector and support investment in the fairs and shopping centers.
NIC Vice Chairman, Mr. Salar Muhammed Ameen in his turn and through his speech in the conference, called for specialized Iraqi, Arab and Foreign companies to invest in Iraqi shopping centers and fairs and change them into internationally styled ones.
He also added that NIC is always working to create various investment opportunities in different sectors through applying provisions of Investment law No. 13 for 2006 and its amendments which guarantee all facilities and incentives for investors.
Deputy Minister of Trade, Ms. Suwaiba Zangana submitted a detailed presentation of the investment opportunities announced which included several shopping centers in addition to Baghdad International Fair building where the Ministry wish to build new modern exhibition centers, five stars hotels and shopping malls to be constructed according to modern international specifications.
Ms. Suwaiba clarified that the Ministry will allow investors to present their offers within two months from the date of announcing these opportunities in order to submit their commercial and technical offers and the Ministry in turn will select the best offers according to negotiations and contracting mechanisms and restrictions adopted.