During Receiving a Parliamentary Deputation

NIC Chair woman: NIC is working hard to create an Investment Friendly Environment

NIC Chair woman, Suha Dawood Najar, assured that NIC is working according to a well scrutinized strategy aiming at creating an investment friendly environment complying with the economic development plan followed by the Iraqi Government, stressing that NIC is highly supporting private sector through providing all facilitations granted by investment law for each investor willing to invest in Iraq after obtaining the investment license for his/ her project.

This came during her receiving a deputation from the Iraqi Parliament headed by the head of integrity Parliamentary committee, Thabit al- Abbassi who had a tour in NIC led by the Chair woman during which they had a look at the work mechanisms including the One Stop Shop dept. in charge of obtaining the required ministerial approvals to establish any investment project without any delay by red tape loops.

The visiting deputation also viewed and praised the NIC work plans and its investment policy for the coming period to attract successful investments.

NIC Chair woman, Suha Dawood Najar, assured that NIC is working according to a well scrutinized strategy aiming at creating an investment friendly environment complying with the economic development plan followed by the Iraqi Government, stressing that NIC is highly supporting private sector through providing all facilitations granted by investment law for each investor willing to invest in Iraq after obtaining the investment license for his/ her project.

This came during her receiving a deputation from the Iraqi Parliament headed by the head of integrity Parliamentary committee, Thabit al- Abbassi who had a tour in NIC led by the Chair woman during which they had a look at the work mechanisms including the One Stop Shop dept. in charge of obtaining the required ministerial approvals to establish any investment project without any delay by red tape loops.

The visiting deputation also viewed and praised the NIC work plans and its investment policy for the coming period to attract successful investments.

Within the framework of following provincial investment projects up

NIC Chair woman meets a number of projects managers in Diwaniah Province

NIC Chair woman, Suha Dawood Najar, stressed the importance of finding realistic and practical solutions that can directly contribute to solve the problems that hinder the work of several projects in the different provinces through high level of direct coordination with the concerned sides.

During an elaborated meeting with the managers of a number of projects in Diwaniah province with the attendance of the MP Huda Sajad, the member in the parliamentary committee of services and construction, she added that the direct field presence to view the reality of these projects by the NIC specialized committees in charge of following up projects implementation according to the time ceiling specified can participate in diagnosing the shortages that stand against achieving these projects with taking in to consideration privacy and nature of each project and presenting possible solutions.

Najar also listened to suggestions, legal and adminstrial solutions presented by head of Diwaniah Provincial Investment Commission and DG of the Legal dept. in NIC after a detailed presentation of the problems facing projects owners.

 

on the 11th of Jan. 2021 a meeting for the committee formed to gear up with the reality of the State Company for Iron and Steel was held to discuss and follow up the orders of the Prime Minister regarding the completion of the project of rehabilitating the plants of the State Company for Iron and Steel and the activation of the future vision for the company.

NIC Chairwoman, Suha Dawood Najar, meets with MP Ahmed Al- Joburi and discusses with him investment opportunities in the various fields.

NIC Chairwoman, Suha Dawood Najar, meets with Babil Governor, Hasan Mandil al- Seriawi, and discusses investment issues in the province.

NIC Chair Woman, Suha Dawood Najar, meets with Minister of Agriculture to discuss a number of joint issues.

 

NIC Chair woman, Suha Dawood Najar, meets with Minister of Interior, Uthman Al- Ghanmi, on Thursday 24.12.2020 to discuss a number of issues headed by ensuring entry visas for investors willing to work in Iraq and foreign workers in an organized way.

The two ministers also discussed the issue of approving the foreign workers certificates by the Iraqi Embassies abroad  and they reached an agreement to form a joint committee to conclude a joint vision according to the governmental supportive policy toward investment.

Continuing the meetings with the Heads of PICs

NIC Chair Woman… the Coming year shall witness announcing lots of new Investment Opportunities

NIC Chair Woman, Suha Dawood Najar, met with a number of the Heads of PICs (ANbar, Nineveh, Kirkuk, and Saladin) on Wednesday 23.12.2020.

During the meeting several issues and obstacles hindering the investment process in the four provinces that had witnessed military operations against terrorist groups had been discussed.

Najar said that the government is paying special attention to these provinces for the great amount of looting done by groups of darkness and their urgent need for support, reconstruction and moving the wheel of their economy.

NIC Chair Woman stated that the first quarter of the year 2021 shall witness announcing lots of new investment opportunities in all provinces according to investment law no. 13 for the year 2006 and its amendments, referring that NIC have new visions for the provinces by promoting the resources they have to make the investment process a success in Iraq.

Heads of PICs submitted a number of suggestions for the support they deem required from NIC and other sectoral sides to strengthen the economic reality in their provinces.

The meeting was also attends by NIC DGs of Economic Affairs dept. Legal Affairs dept. and the head of Provincial Coordination Section.

In a series of meetings with the head of PICs

NIC Chair Woman… Rejuvenating of Provinces by Realistic Executable Projects  

 

NIC Chair Woman, Suha Dawood Najar, assured that the investment projects intended to be offered for investment in the Iraqi provinces the beginning of the coming year 2021 must seek success and implementation as a final result and to be harmonized with the actual needs of the population of each province through fragmenting projects according to executable mechanism based upon economic profits and a successful feasibility study with obtaining sectoral sides approvals.

She added during her meeting with the heads of Basrah, Diwaniyah, Babil and Missan PICs that NIC is working on introducing an official legal entity to have the representations of all concerned governmental sides and to be in charge of studying lands allocations, the matter that is considered as one of the biggest problems that face investment projects.

A review for the most prominent and vital projects in the four provinces was submitted by the heads of the PICs who explained the reasons behind the halted ones taking in to consideration the privacy of each province and its identity (Agricultural, Oil, Industrial) with donning unblinking attention to the housing projects according to the need in every province for the housing units in a way that addresses the experiment of Bismayah city project and in direct coordination with NIC and the concerned  Iraqi Ministries.

Heads of PICs also submitted a number of suggestions for the support they deem necessary by NIC and other Sectoral sides to get economic reality rebounded in their provinces.

The meeting was attended by the NIC DG of Economic Affairs and Provincial Coordination section manager.

During a Visit to Kerbala International Airport Project Site

NIC Chair Woman: Implementing the Strategic Projects Gives Positive Momentum for the Iraqi Economy

NIC Chair Woman, Suha Dawood Najar assured that implementing strategic investment projects like Kerbala International Airport project can give positive momentum for the Iraqi economy and encourage investors to participate in the current investment process, stressing that NIC is strongly supporting all efforts aiming at implementing such projects all over the Iraqi provinces.

This came during a visit by NIC Chair Woman to Kerbala on Sunday 20.12.2020 and was received by the General Secretary of the Holy Hussieny Threshold establishment, Haj Hassan when a detailed review had been introduced about the project and the achievement rates. In her turn the NIC Chairman highly praised the progress reached confirming that it contributes to the needs of the Iraqi Economy of infrastructure and strategic projects to gear up with the reality and that this project can serve the whole area in general and Kerbala province in particular.

Najar’s visit included also a visit to the Holy Husseiny Threshold premises where she met with the General Secretary Sheikh Abdul Mahdi Al- Kerbalaey and highly appreciated the role of the holy thresholds establishments in constructing the big projects that benefits the public in Kerbala province.

Al- Kerbalaey in his turn praised the role of NIC in moving the investment wheel in Iraq and the importance of that in the economic development, referring to the necessity of constructing the big strategic projects in Kerbala especially Kerbala International Airport and al- Hussein Hospital for cancers for the job opportunities they can provide and the services they can submit to the province public.

The project manager, Eng. Mustafa Ajeena revealed that the achievement rates have reached to 32% adding that the rate shall raise steadily with receiving the first installment of the loan credited for the project which sums 150 billion ID out of the original total of 300 billion ID as it will be granted in installments according to achievement rates that shall be evaluated by an engineering committee from the Rafidain Bank (the funder).

He added that the airport is constructed according to the designs of the French specialized company with total capacity of 5.2 million passengers a year after its completion within a period of 2 years in maximum in case of resilient funding by the bank, taking in to consideration raising the capacity to 20 million passengers a year within the next 20 years, stating that there are five consulting companies of different nationalities supervising the implementation of the project which is also supervised by Eng. Menhal Al- habobi, former Baghad General Secretary.