The National Investment Authority (NIA) hosted the National Permanent Committee for Climate Change 2024, with the Minister of Environment, Engineer Nizar Aimedi as the head of the committee. They discussed implementing COP report 28 recommendations, COP 29 preparations, and updating the NDC document. KDIPA prioritizes energy transformation and emission reduction projects and collaborates with the Ministry of Environment and UNDP to prepare the Climate Investment Plan (CIP). Last year, the NIA hosted the National Higher Committee for Climate Change and prepared for COP 28. KDIPA actively participated in COP 28 through the Iraqi delegation.

The Prime Minister Mohammed Shi’a Al-Sudani received accreditation from the winning consortium for the Baghdad Metro investment opportunity. The consortium, comprising of French, Spanish, and Turkish companies, along with a German bank, won the Design, Build, Operate, Maintain, Finance, and Transfer (DBOMFT) Investment Opportunity for the Baghdad Metro Project. Negotiations will begin to finalize the contract details. This alliance won the opportunity as outlined in Cabinet Decision No. (23374) of 2023.

Chairman of the National Investment Commission chairs the periodic meeting of the heads of investment authorities in the governorates and discusses the investment opportunities that will be presented at the first Iraq Investment Forum The Chairman of the National Investment Commission, Dr. Haider Mohammed Makiya, chaired the periodic meeting of the heads of investment authorities in the governorates to discuss the ongoing preparations for the first Iraq Investment Forum in cooperation with the Iraqi Economic Council to be held on November 2-3. During the meeting, which was attended by the President of the Iraqi Economic Council, Mr. Ibrahim Al-Baghdadi, the heads of the investment authorities in the governorates and the general managers of the Commission, a detailed explanation of the investment opportunities that will be presented during the forum, amounting to 100 opportunities in various sectors in the governorates. During the meeting, the Chairman of the Commission said that the forum is a major economic event held in Iraq in the presence of government officials, businessmen, investors and economic experts from various countries with the aim of attracting foreign and local investments and promoting economic development in the country, in addition to enhancing confidence in the Iraqi investment environment and providing a platform for communication between investors and government officials to discuss potential projects and future partnerships. He added that the forum will witness the holding of discussion sessions and workshops over two days dealing with various topics related to investment in addition to highlighting the procedures and decisions that support and enhance the investment environment in accordance with the government’s strategic vision in the process of advancing the country through sustainable development projects. The meeting addressed the issue of addressing lagging projects, where they discussed the reasons that led to the delay of these projects and looking for possible solutions to accelerate their implementation, while reviewing a number of practical steps and recommendations to overcome obstacles, such as improving project management, providing the necessary financial and human resources, and enhancing coordination between the concerned authorities. The meeting also discussed several topics presented on the agenda, including the lands granted by the Ministry of Finance for the purpose of investment in the governorates, the desire of the Saudi side to invest in Najaf and Dhi Qar governorates, in addition to discussing waste treatment projects, electricity generation, reducing the volume of environmental pollution and unhealthy landfill of waste and the necessity of providing land for these projects in all governorates.

Chairman of the National Investment Commission sponsors the opening of bids for the implementation of the Najaf – Karbala train project The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, sponsored the opening of bids for companies applying to implement the Najaf – Karbala train project, which was previously announced as an investment opportunity in the transportation sector to solve the issue of traffic congestion radically and with a modern economic, technical and financial model (DBoMFT). He stressed that the authority will provide facilities and benefits that guarantee the rights of international investors and specialized companies and secure the pillars of an attractive investment environment for vital projects in Iraq. The bid opening process was attended by the Prime Minister’s advisor for transportation affairs, Nasser Al-Asadi. and Dr. Mohammed Ali al-Obaidi, a consultant in the Prime Minister’s Office. and the consulting firm (HSS – CHSS). The representative of the Baghdad Municipality, the representative of the General Company for Iraqi Railways, and the representatives of the applicant companies (the Spanish company Emathia. Milad Group of Iranian International Contractors. OrbaCan Qatar and a number of relevant officials in the Authority. It is noteworthy that the Najaf – Karbala train project consists of four main stations starting from Najaf airport through Karbala airport to the Baghdad garage in Karbala city on an elevated railway line and a distance of 90 kilometers with a high-efficiency metro system and air-conditioned vehicles at a speed of 240 kilometers per hour.

Chairman of the National Investment Commission meets a delegation from the US Embassy in Baghdad and discusses with them ways to enhance economic and investment cooperation The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, met on Monday with a delegation from the US Embassy in Baghdad to discuss ways to enhance economic and investment cooperation between Iraq and the United States. During the meeting, KDIPA Chairman emphasized the importance of these talks in light of the government’s efforts to improve the investment climate in Iraq and attract more foreign direct investments. The two sides discussed a number of promising areas of economic cooperation. including sustainable energy, manufacturing, and technology. They also discussed the challenges facing foreign investors. The head of the National Investment Commission expressed that Iraq welcomes more U.S. investments. He stressed on providing facilities and incentives to foreign investors to promote economic development in accordance with the government program. For his part, the delegation emphasized the commitment of the United States to strengthen economic relations with Iraq and its readiness to support American investors wishing to enter the investment process in Iraq.

The chairman of the National Investment Authority meets Bangladesh’s Ambassador and discusses the development of economic relations.

The National Investment Authority (NIA) Chairman, Dr. Haider Mohammed Makkiya, met today with the Ambassador of the People’s Republic of Bangladesh to Iraq, Mr. Amdi Fazlul Bari.

During the meeting, they discussed strengthening bilateral relations between Iraq and Bangladesh. and ways to develop investment cooperation between the two countries. In addition to discussing joint investment opportunities in various sectors that would promote economic growth and progress in both countries.

The two sides emphasized moving forward with the conclusion of an investment protection and promotion agreement between the two countries. The agreement aims to provide a legal and regulatory framework that guarantees the protection of investors’ rights and promotes mutual trust. This will contribute to attracting more investments and strengthening economic cooperation.

For his part, H.E. the Ambassador extended his thanks and appreciation to Mr. President of KDIPA for the warm reception as well as the invitation to attend the Iraq Investment Forum to be held at the beginning of October this year. He pointed out that many Bangladeshi companies want to enter the investment process in Iraq, as the ambassador presented.

‏رئيس الهيئة الوطنية للاستثمار يترأس اجتماعاً لمناقشة تحضيرات ملتقى العراق للاستثمار الاول من نوعه في العراق.

‏ترأس رئيس الهيئة الوطنية للاستثمار الدكتور حيدر محمد مكية اليوم الثلاثاء 16/7/2024 اجتماعا مع رئيس المجلس الاقتصادي العراقي الأستاذ إبراهيم البغدادي والوفد المرافق له بشأن التحضيرات ملتقى العراق للاستثمار والمزمع عقده في تشرين الثاني من العام الحالي وبحضور عدد من السادة المديرين العامين والمعنيين في الهيئة .

‏وأكد رئيس الهيئة الوطنية للاستثمار خلال الإجتماع ضرورة التنسيق مع الجهات الحكومية والقطاع الخاص والقطاعات الاقتصادية الرئيسية للمشاركة والمساهمة الفاعلة في الملتقى وكذلك التنسيق مع هيئات الاستثمار في المحافظات بشأن الفرص الاستثمارية المستكملة الموافقات حيث سيتم التركز خلاله على جذب المستثمرين ورجال المال والإعمال الجادين، فضلاً عن طرح فرص إستثمارية جديدة وفي قطاعات مختلفة.

‏وناقش المجتمعون تفاصيل برنامج الملتقى والترتيبات التنظيمية واستعراض الحوافز والتسهيلات الاستثمارية التي ستقدمها الحكومة للمشاركين في هذا الملتقى وآليات المتابعة والتواصل بين الهيئة الوطنية للاستثمار والمجلس الاقتصادي العراقي .

‏وبين الطرفان أهمية هذا الملتقى في تعزيز جهود جذب الاستثمارات الأجنبية المباشرة وتحفيز الشركات الاقتصادية وذلك في ظل التطورات الإيجابية التي تشهدها البلاد على صعيد الاستقرار الأمني والإقتصادي ، مشددين على المزيد من عقد الإجتماعات التنسيقية لضمان نجاح هذا الملتقى الاستثماري الاول في العراق.

NIA Chairman discusses the Climate Investment Plan (CIP) with the United Nations Development Program (UNDP)

The President of the National Investment Authority (NIA), Dr. Haider Mohammed Makkiya, met on Thursday with the United Nations Development Programme (UNDP) team headed by Mr. Mamunur Rashid, the Environment, Energy, and Climate Change Program Portfolio Manager.

During the meeting, they discussed efforts to enhance cooperation between KDIPA and the United Nations to improve the country’s investment environment. The importance of social and environmental justice and considering citizens’ right to climate change and investment.

During the meeting, the Chairman of the Authority explained the role of the National Investment Authority in providing investment opportunities that would reduce emissions, including solar energy, where the Authority granted an investment license for a solar power plant to the French company Total to produce 1000 MW of electrical energy, and work is underway on solar energy projects in cooperation with the Ministry of Electricity.

Makiya emphasized that Iraq is currently an attractive environment for foreign investments. In addition, Iraq is among the countries that have incorporated into their laws the recognition of foreign judgments. He pointed out that KDIPA is currently working with the United Nations Development Program (UNDP) to prepare a climate investment plan in cooperation with the concerned sectoral entities.