During his Participation in the Economic Mobilization Conference

NIC Chairman: Most of the Investment Companies are continuing their activities in Iraq including Bismayah project Executing Company

During the conference held by the General Committee of Integrity in coordination with the NIC under the slogan of “the Economic Mobilization is a vital source to support official efforts to overcome Terrorism” , NIC Chairman, Dr. Sami Al- Araji assured that most of the global companies working in Iraq are still going forward in implementing their different projects and at the forefront of these companies is Hanawah South Korean company executing Bismayah New City project.

NIC Chairman added that the recent military actions Iraq had witnessed affected certain provinces, the matter that led to temporary withdrawal for some of investment companies due to the shutdown of borders outlets of importing equipment and raw materials for these companies stressing that the stoppage shall continue for a temporary period as NIC is working continuously to meet with these companies and their countries ambassadors in addition to provincial investment commissions and the Iraqi private sector to lay down plans and draw a road map in consistence with the forthcoming phase.

Dr. Al- Araji also said that NIC is comfortable with Iraq economic status denying all tendentious rumors broadcasted to distort the image of the Iraqi economy and confirming that work is proceeding well especially in the middle and southern provinces while adding that NIC had directed provincial investment commissions to document the continuation or withdrawal of companies to discuss the relative economic and legal aspects of each situation.

NIC Chairman stressed the importance of the role played by the Iraqi private sector in economic mobilization through supporting defense fronts and supplying them with what they need of food, clothing and other supplements by donations or big facilitations adding that one of the most big challenges that NIC faced is closing roads and border outlets the matter that was solved by the private sector which suggested opening new outlets especially with Iran.

Meanwhile, Dr. Al- Araji praised the role of the economic organizations and unions which were able to control vital commodities prices in the Iraqi market especially those that enter within Iraqis everyday life indicating that there is an operation room that works around the cloak in coordination with the private sector to deal with all developments might occur on the ground.

The conference was attended by Chairman of the General Committee of Integrity, the Judge Alaa Jawad Al- Saaedy, the economic advisor in the Prime Minister office Dr. Abdul Hussein al- Anbaki, Deputy Ministers of Planning, Dr. Mahdi al- Alaq and Dr. Sami Maty in addition to a number of Ministries and Unions representatives.

With Storage Capasity of 53 thousand Piece of Concrete

Hanwah Company Constructs Warehouses in Bismayah city factories

Hanwah Company for Construction and Engineering adopted the self- sufficiency sustem by constructing Bismayah factories complex which is considered the first of its kind in Iraq and the biggest in the world to be aligned with the immensity of Bismayah Project and the importance of implementing it in the perfect way . the complex consists of more than 14 main and subordinate factories in addition to other vital aminities.

The factories production of the materials used to construct the project represent a qualtative jump in the constructional industries in Iraq by means of quality and quantity as the external walls factory produces concrete panels that are sufficient to construct 80 housing units a day while the concrete pillers factory produces about 260 pillers a day the matter that pushed Hanwah company to construct one of the biggest and most important supplementary facility for the factories which is the storing warhouses.

A specialized technical source in Hanawah company said that the main function of the warehouses is storing the precasting concrete produced in the external walls factory, the internal incisors factory, seilings and floors factory and the light blocks factory in addition to special storage for the concrete pillers and the plastic pipes factories production.

From the other side, warehouses were designed to be divided in to 11 partitions, 4 of which are currently being used while the others will be used when reaching the work prime and it is worth to mention that the total storage capacity for the 11 partitions will be 53 thousand concrete piece .

The National Investment Commission: Work in Bismayah Project is proceeding according to Schedule

NIC confirmed that work in Bismayah city project is proceeding according to schedule agreed upon with the excuting company despite the exeptional conditions Iraq is going through, clarifying that the company had accoplished the infrastructure of the first housing compound in the project while it is comleting the construction of its housing units simultaneously with leveling the land and laying the pillers and the building bases in the neigbouring housing compounds.

Meanwhile, the finishing work in the housing units constructed is moving ahead according to the latest scientific technologies.

On the other hand, Hanawah Compan had submitted offers with complete designes to the conserned ministries regarding the services needed for the project represented by power grid, water networks, roads conecting the city to baghdad, kindergartens and schools, police and fire extinguishing stations, post offices, gas stations and others as NIC is negotiating with the company to sign a contract to implement the aforementioned works in the same time of completing the constructions and other utilities in the project site.

In line with the latest construction technology

Bismayah Project Management inserts Tower cranes to accelerate work progress in the city

NIC announced that Bismayah project management had inserted giant  tower cranes in to the project in order to accelerate the process of constructing the housing units which are the new form of balanced cranes through which the latest methods of construction technology in terms of height and lifting capacity is used.

An official source in the executing company confirmed that the number of the tower cranes used in the project reached to (15) with a length of (63) meter and (12) tone load for each, it is hoped to increase this number according to work progress.

The source indicated that the tower cranes used widely in construction and other industries to lift and transport materials.

Worth mentioning that Bismayah New city is located to the eastern south of Baghdad with a far distance of 10 KM from the capital borders on the international road that connects Baghdad- Kut and is designed to inhabit 600,000 people.

Launching actual production in the Plastic Pipes and frames plant in Bismayah project

Hanawah Korean company , the executing   company of Bismayah project, started the actual production in the plastic pipes and frames  factory  (PVC) as a part of the company’s plan to operate the supporting factories of the project  amounting to (11) in addition to the three other basic  ones.

This was announced by an official source in Hanawah Company, indicating that the factory began its actual production after getting the official approvals from the National Centre for Engineering Consultations, National Centre for Laboratories and Construction Researches in addition to Department of Senior Engineer belongs to the Ministry of Construction and Housing.

The source added that the(PVC) material  has a high hardness characteristic and considered as very good for producing the sewage Pipes and windows frames for its low cost, high resistance to chemicals , ease of installation , lightweight , in addition to being good insulator of sound ,heat, wind with high resistance  to corrosion .

The factory produces the (PVC) material that is used in a wide range of Construction industry because it doesn’t need a lot of maintenance when used in plumbing and sanitation.

The source noted that the factory is divided into two essential stations, the first one gathers raw materials and produces (PVC) in different lengths and volumes while the second station gathers pipes in network forms to be used in constructing the housing units.

It is worth mentioning that Hanawah Company had began producing windows frames in 1986 in South Korea through its factory which is today considered as the most famous in the world in the field of manufacturing construction materials.

Under the Patronage of H.E Prime Minister Nuri Al- Maliki

Granting 80 free of charge Housing Units in Bismayah Project for Iraqi Families

Please be informed that our linked in account is iniciraq Baghdad and our official email is info@investpromo.gov.iq

With the Attendance of H.E Prime Minister, Nuri al- Maliki

NIC and Hanawah South Korean Company holds the Ceremony of Opening the Precast Concrete Plant in Bismayah Project

H.E Prime Minister, Mr. Nuri al- Maliki assured that providing suitable housing units for Iraqi people was a big goal and although achieving great hopes often faces greater obstacles but the slogan according to which all worked was “a housing unit for each Iraqi family”.

During his attendance to the ceremony of opening the precast Concrete plant in Bismayah project, Mr. Maliki expressed his hope for Bismayah city to turn into a new governorate not only for the big number of housing units it contains but for having comprehensive services that covers all medical, educational, energy, commercial and other vital important sides.

He also added that as we are today witnessing completing infrastructure works, specialized plants and factories in Bismayah new city project, we are also in front of a great starting point that can contribute to supporting the process of building the housing units in Iraq which represents a severe strike for all hostile campaigns against the project forwarding his thanks and appreciation for Hanawah Company which could make this dream come true through its high capacities and obligation.

NIC Chairman, Dr. Sami al- Araji, in his turn, said that the year 2015 will witness handing the keys of approximately 10 thousand housing units to be followed by 20 thousand units each year until hopefully ending the whole project by the year 2019 with all its services.

Al- Araji expressed his gratitude for the support submitted by H.E prime Minister for the whole economic and investment process in the country and especially Bismayah new city project that had got big facilitations. Thanking the Korean side commitment to the implementation plan according the time table specified for each phase.

South Korea Ambassador in Iraq, Mr. Jong Wan Jo, who had taken his pose just a couple of days earlier to this event, assured that Today’s event will be long remembered as one of the “most successful stories” of bilateral cooperation celebrating the “Silver Jubilee”, 25 years of diplomatic relations between Iraq and Korea.

He added that Korean government and people are ready to share their experiences with their fellow Iraqis so as to assist Iraq’s earnest endeavor for rapid economic growth and development, believing that Bismayah New City Project became as a symbol of cooperation between Korea and Iraq, will greatly contribute to the economic reconstruction of Iraq as well as the well-being of the Iraqi people.

Mr. Heong Jong Kim, Hanawah Vice Chairman of the board of directors, expressed his high appreciation for the Iraqi government and the NIC for granting Hanawah Co. their confidence to undertake constructing Bismayah new city giant project adding that the investment of this PC Plant together with 14 other Building Material Plants will play the vital role In building Bismayah New City as well as  implementing other National Reconstruction Plans in Iraq.

He also affirmed that the company is committed to achieving the project according to schedule agreed upon promising that the city will be one of the most modern cities in the region and the Middle East.

The ceremony also included an expanded tour for the Prime Minister accompanied by NIC Chairman and specialists in the plants to see the plants and the housing sites.

In Cooperation with the NIC

The Netherland Embassy in Baghdad Organizes an Expanded Meeting with the Iraqi Private Sector

Under the slogan of “welcome to Netherland  … the Country of trade and Investment”

The Dutch – Iraqi Joint Forum was held in Baghdad on the 9^th of April 2014 with the attendance of a big number of Iraqi businessmen.

The forum opened with a welcoming speech for Dr. Sami Al- Araji, NIC Chairman through which he affirmed that the relations with the Netherland gets a big interest from the government of Iraq and the NIC as an investment supporting side in Iraq adding that the last three years had witnessed a special cooperation to foster these relations where seven sectors and some big industrial projects (Chemical, Petrochemical, Agricultural, Irrigation and engineering  sectors) were chosen to start cooperation through confirming NIC support for the Netherland Embassy efforts of coordination and converging between Dutch companies and the Iraqi private sector.

Al- Araji also referred to the opportunity of holding two conferences with the Dutch companies the first in Iraq and the second in the Netherland in the second half of this year  to make a visit for the purpose of having a better idea about the market there and the business volume and investment sectors.

From her side, H.E Janet Sefn, the Ambassador of the Netherland in Baghdad assured that this meeting is a good opportunity to communicate and to present the capacities and sectors available in the Netherland when she started presenting a big number of sectors like (Agriculture and Food stuff, Chemical Industries, Energy, High tech systems, horticulture and biology, and logistic services).

Sefn also referred to the privileges the Netherland provide for investors like the competitive taxing system and the advanced infrastructure and logistics with an innovation incubating environment and a solid man power.

Questions and answers panel was opened for Iraqi businessmen to present all obstacles and difficulties they are facing in their cooperation with the Dutch companies where the Ambassador listened to all and promised to study and attempt to find the suitable solutions.

With the participation of different countries

Holding the First International Festival for Air Activities in Babylon Province

Under the patronage of the Ministry of Sport and Youth and the National Investment Commission, the first International Festival for Air Activities starts today 23.Mar.14 in Babylon province with the participation of professional air activities teams from different nationalities like (Poland, Netherland, Italy, Sweden, Finland, Spain, Brazil, Chili and the United States of America) accompanied by a big group of journalists and media people who will undertake covering the event and broadcast it to the world.

The NIC Media office delegation representative said that the activities to be played for the first time in various provinces of Iraq shall include paragliding with 10 performing gliders, balloons activities with 4 balloons to perform free air jumping and other activities, referring that the participating teams are those of the most internationally well known and having had previous participations in different parts of the world and whose participation in Iraq now delivers a clear message to all the world that Iraq will keep being the cradle of civilization, tourism, sports and arts.

The source added that NIC had actively contributed to support the festival through facilitating the logistic procedures like granting the entry visas for the participating teams, accompanying them to provinces and providing the media coverage.

NIC logo shall be put on the four balloons to be prevailing in the sky of Iraqi province sending a message of peace and love to the world and reassuring that Iraq is open for business.