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.