The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, chairs the meeting on providing new sources of electric power for investment projects The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, confirmed that the Commission continues to hold its meetings with the concerned authorities to find new sources of electricity to support investment projects in the areas surrounding Baghdad International Airport and its neighboring areas in order to solve the bottlenecks faced by the electrical system due to the increase in investment projects in the region. He added during his chairmanship of the meeting held at the headquarters of the Authority yesterday, Monday 28/10/2024, that this meeting comes as a continuation of the previous meetings in order to find suitable lands free of any conflicts to establish new electric power plants with different capacities within the geographical area of the (Dahnah and Kharnabat) areas, in order to enhance the stability of the energy infrastructure and stimulate the attraction of new investments, as the presence of stable electric power is one of the main factors for the success of any project. During the meeting, a map of the geographical location of the technically candidate lands for the establishment of these stations was presented along with the proposed and appropriate plans for the transportation and distribution of the electrical energy produced to feed the investment projects. During the meeting, it was agreed to form a specialized committee from the concerned authorities to study the candidate lands and stabilize their boundaries and dimensions and the conflicts that may face the processes of transferring electrical energy to the secondary stations and then to the investment projects. The meeting was attended by representatives of the Ministry of Electricity, Baghdad Municipality, the Director General of the State Real Estate Department and the Director General of the Single Window and Investor Services Department at the Authority.

Chairman of the National Investment Authority chairs the regular meeting of the Board of Directors of the National Investment Authority and discusses a number of files related to the work of the Authority

The Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, chaired the regular meeting of the Board of Directors of the Commission today, Thursday 22 August 2024, to discuss a number of important files related to the investment process on the agenda and take the necessary decisions regarding them.

At the beginning of the meeting, KDIPA Chairman said that the Authority is actively following up on the performance evaluation of investment companies.
taking into account the changes that occur in the investment process and removing obstacles for investors to ensure the implementation of projects according to the specified timelines.
He stressed the importance of continuing to improve the investment environment and provide the necessary support to investors to ensure the success of their projects to achieve sustainable economic development.

During the meeting, which was attended by Mr. Salar Mohammed Amin, the Director General of the Legal Department and members of the Board representing the public and private sectors, they discussed the controls of amending the investment permits granted by the Authority and the investment authorities in the governorates related to the extension of the investment period.
The report of the visit to the Syrian Arab Republic and the Lebanese Republic regarding the laying of the optical cable within the path of the oil pipeline passing through the Syrian-Lebanese territory.
The strategic projects granted investment licenses, including (Al-Jawahiri City, Al-Ghazlani City
Al-Ghazlani city.
Karbala Banks City.
The project to generate electricity from solar energy.
Baghdad Sustainable Forests Project.
Waste treatment and power generation project).

The Board also studied the Authority’s achievements report.
and the treatment of stalled projects.
and the size of the amounts of investment projects from 2009 to 2022, as well as the size of the amounts of investment projects granted official licenses amounting to (69) billion dollars from the beginning of 2023 to the middle of 2024, with the study of the recommendation of the Ministerial Council of Social Services regarding the Iraqi Construction Council.
While studying the recommendation of the Ministerial Council for Social Services regarding the Iraqi Construction Council.

For their part, the members of the Council called for approaching the Supreme Committee for Investment regarding the exemption of industrial projects from Decision (245) of 2019 due to their importance in providing new job opportunities and moving the wheel of industry in Iraq, stressing the support of the industrial sector by facilitating procedures and encouraging investments in this field, which will contribute greatly to achieving economic development.
They emphasized supporting the industrial sector by facilitating procedures and encouraging investments in this field, which will greatly contribute to achieving economic development.

Chairman of the National Investment Commission (NIC) chairs the meeting of the Diwani Order (23674) committee to prepare the requirements for the establishment of the Tayeb Economic Zone and its economic adjacent areas in Maysan Governorate The Chairman of the National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, chaired on Wednesday a meeting with the members of the committee of Diwani Order (23674) to prepare the requirements for the establishment of the Tayeb Economic Zone in Maysan Governorate in the presence of committee members and the Undersecretary of the Ministry of Construction and Housing, in the presence of the members of the committee. A representative from the Prime Minister’s Office. Maysan’s deputy governor. Chairman of the New Cities Implementation Authority. Chairman of the Industrial Cities Authority. and directors of relevant departments in the governorate. Director General of Free Zones. Director General of Urban Planning. Member of the Board of Advisors. and general managers in the Authority. The head of the Authority confirmed the completion of the procedures and recommendations related to the completion of the final report on the requirements for the development of Al-Tayeb Economic Zone in Maysan Governorate and its neighboring areas (temporally, spatially and sectorally), which is under the patronage of Prime Minister Mohammed Shi’a Al-Sudani. He indicated that the committee will continue to follow up its work on a regular basis to ensure that the establishment of the economic zone is completed according to the specified dates. During the meeting, the executive steps to establish the necessary infrastructure and the proposed zones for the Tayeb Economic Zone were reviewed. including the creation of road and electricity networks. They also discussed the financial and administrative facilities needed to attract investors, prepare special investment portfolios and prepare to hold a public conference in Maysan governorate to present investment opportunities in the Tayeb Economic Zone and all associated facilities and extend invitations to local and foreign investment companies. The head of the authority indicated that the vision for the project will include the Tayeb residential area. and Al Tayeb Industrial Zone. and the free zone in El Tayeb. In addition to the recreational, sports, educational and other cities according to the final vision of the project. For their part. The members of the committee expressed their readiness and readiness to cooperate and offer solutions to all obstacles and address them to proceed with the implementation of this project. They stressed that Al Tayeb Economic Zone will be an important attraction for local and foreign investments.

The Chairman of the National Investment Authority (NIA), Dr. Haider Mohammed Makkiya, received a delegation from the Japan Center for Cooperation in the Middle East (JCCME) and discussed the possibility of activating the agreement signed between the two parties more than ten years ago. Which aims to promote cooperation between Iraq and Japan in various fields of investment. The two sides agreed to organize a teleconference to encourage Japanese companies to enter the Iraqi market and invest in vital sectors such as agriculture and digitization, the medical sector, food security, and climate change. Both parties expressed their commitment to strengthening ongoing cooperation to benefit both countries and contribute to sustainable development. The meeting reflects the desire to strengthen economic and investment relations between Iraq and Japan. And open new horizons for future cooperation.

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.