NIC Chairman Meets with Anbar Governor
NIC Chairman Meets with Mr. Qasim Muhammed Abid. Anbar Governor and Mr. Amir Farhan,Chairman of Anbar Investment Commission and discusses available investment opportunities in the province.
NIC Chairman meets with a Korean delegation from Doosan Heavy Industries & Construction Co.
NIC Chairman Meets with a Korean delegation from Dossan Heavy Industries and Construction Co. in his office on the 14th of Sept.2011
NIC Chairman meets with the Australian Ambassador in Baghdad
NIC Chairman meets with the Australian Ambassador in Baghdad in his office on the 14th of
Sept.2011 and discusses horizons of investment cooperation between the two countries
NIC Chairman meets with the Dutch Ambassador in Baghdad
NIC Chairman meets with the Dutch Ambassador in Baghdad in his office on the 14th of Sept.2011 and discusses horizons of investment cooperation between the two countries
NIC Chairman Meets with the Canadian Charge De Affairs
NIC Chairman Meets with the Canadian Charge De Affairs in his office on the 13th of
Sept.2011 and discusses horizons of investment cooperation between the two countries.
NIC Announces Finalizing the Fundamental Designs of (100) thousand Housing Units in Baghdad
Within the Framework of the project of Building One Million Housing Units
NIC Announces Finalizing the Fundamental Designs of (100) thousand Housing Units in Baghdad
NIC announced finalizing the fundamental designs for the project of building (100) thousand housing units in Bismaya on a total area of (8 thousand Donums) and to be inhabited by (500- 600) thousand Iraqi Citizens.
Dr. Al- Araji, NIC Chairman said in a press conference held for this purpose that this city will be constructed according to the latest international standards with full services (schools- clinics- commercial, social and entertainment centers).
Dr. Sami added that the forthcoming weeks will witness announcing the start of registration by employees to know the total number of those willing to buy these housing units of (100 m², 120 m², and 140 m² areas) with three rooms for each.
Dr. Sami also highly praised the special efforts done by the Iraqi and the Korean sides in this project which is the result of the agreement signed on the 25th of May.2011 as an Iraqi team had worked with the Korean side which included members of the Iraqi Ministry of Housing and Construction and other Ministries and universities and in the forefront the University of Technology.
Dr. Sami also referred that registration to buy the housing units will be electronic as a link will be found on the NIC website that is devoted for this purpose and contains all information regarding this project so as to avoid any problems that could happen during the registration process, while the application format will be sent to all ministries and Baghdad Governorate to know the number of people willing to buy these housing units.
And about the implementation periods and costs of these housing units, NIC Chairman made clear that Iraqi citizens will be able to live in this city in the third year of implementing the project when the first (20-25) thousand units will be ready while adding (20-25) thousand housing units yearly until completing the whole 100 thousand units agreed upon with simultaneously completing the services, commercial, entertainment and educational institutions needed.
Mr. Hyun- Chung Kim, Vice Chairman and CEO of Hanwha Engineering and Construction Co. said in his turn that exceptional and special efforts had been done since signing the agreement until finalizing the fundamental designs of the project as the company had assigned a specialized work team for this project that consists of 100 engineer in several fields and he also assured that the company is keen to construct the housing units according to the accredited international standards .
Worth mentioning that the contracting procedures for the project will be guarantying the two sides rights while the citizen’s right will be guaranteed through a detailed contract and all information about the project will be available for the public through the media campaign which will start soon for the project that is considered the first international contract of this size in Iraq.
NIC Chairman Stresses the Importance of allocating the Lands required for the One Million Housing Units Project
During his Meeting with the PICs Chairmen
NIC Chairman Stresses the Importance of allocating the Lands required for the One Million Housing Units Project
NIC Chairman, Dr. Sami Al- Araji gave his directives to the PICs chairmen to accelerate finalizing all technical requirements for allocating the lands needed to implement the project of building the One Million Housing units all over Iraq according to the available lands in each province.
The directives came during the meeting headed by Dr. Sami and attended by PICs chairmen referring that NIC had completed all technical requirements to start the construction of 200 thousand housing units 100 thousand units of which in Bismaya which shall be implemented by Hanawa South Korean Company as an electronic program had been prepared to register people willing to buy these units which shall be announced soon by NIC.
While the second site will be in Basra (Tanooma) of 100 thousand housing units to be implemented by “Track” South Korean company where all technical requirements regarding the soil surveys and final designs had been obtained referring that the NIC is going forward in implementing the other provinces quota of the One Million housing Units Project.
In the other hand, NIC Chairman stressed the importance of finalizing the investment map update by the team assigned for this task aiming at specifying all investment opportunities especially the strategic ones in a way that make them ready to be internationally prevailed.
Regarding the investment law and requirements of the coming stage, NIC Chairman clarified that suggestions for amending some of the investment law provisions and Statute (7) will be submitted in order to save the rights of the state and investor and to help in finding the suitable legal compromises to avoid overlapping between the current valid laws which contradicts in some of its issues the investment law.
Dr. Al- Araji listened to a number of suggestions and opinions by PICs chairmen regarding the investment in various sectors promising to eliminate all obstacles hindering the implementation of investment projects all over the country.
NIC Signs an MOU with its Syrian Counterpart
Aiming at Reinforcing Investment Cooperation between the Two Countries
NIC Signs an MOU with its Syrian Counterpart
NIC signed a memorandum of Understanding on the 28th of July in Baghdad with the Syrian Investment Commission that aims at encouraging and promoting investment projects between companies, institutions and individuals belong to both countries.
Dr. Sami Raouf Al-Araji Chairman of the National Investment commission said during the signing ceremony that this agreement provides in number of its provisions strengthening the connections in the field of investment cooperation and work on the definition of investment opportunities and projects available in the two countries, and included work to strengthen the meetings and exchange visits between Iraqi and Syrian investors and encourage investment in various productive and services sectors and hold seminars to introduce the investment climate and opportunities for available projects in two countries, as well as the exchange of information, legislation and laws in force in the field of investment and participation in investment fairs held in both countries while working to provide services and facilities necessary for investors to completion of investment projects in accordance with the valid legislations in the two countries.
Dr. Sami assured that Iraq is open to investments in all fields represented by (Industry, Agriculture, Oil & Gas, Education, Housing and Infrastructure, Trade, Health, Tourism, Transport and communication) and the NIC shall announce investment opportunities available in all sectors to the Syrian companies and businessmen in another meeting in Baghdad.
On the Syrian side, the MOU was signed by Mr. Ahmed Muhammed Diab, the DG of the Syrian Investment Commission.
NIC Chairman Meets the Australian Ambassador in Baghdad
NIC Chairman meets tha Australian Ambassador in baghdad and discusses means of investment cooperation between the two countries
National Investment Commission Holds a Series of Meetings with a coalition of American and South Korean companies
Aiming at Building 100 Thousand Residential units in Basra
National Investment Commission Holds a Series of Meetings with a coalition of American and South Korean companies
A lengthy meeting was held on Tuesday 26.Jul.11 at the headquarters of the National Investment Commission chaired by His Excellency Chairman of the National Investment Commission, Dr. Sami al-Araji with representatives of the consortium (Trac) and a group of major international companies, represented by the two companies (Hill International and Hillston) the Americas, as well as ( Hyundai), (Halla), (JUNGLAM), (DOHWA)) South Korean engineering and construction companies and the technical committee for the project of building one million housing units throughout Iraq on a project to build 100,000 housing units in the province of Basra.
An official source in the commission said that this meeting included discussing the structural system which will be used by the group of companies for the implementation of the housing project, in addition to the ideas of architectural design of the housing unit and design of the project site and the proposed funding mechanism for the project, adding that it was agreed to hold a series of meetings during the next few days until reaching an agreement on the designs.
The delegation of the South Korean companies had visited earlier this week Shatt al-Arab district in Basra province in which the project shall be implemented on an estimated area of (10) thousands of acres.
It is worth mentioning that the technical committee for the project of building one million housing units, headed by Dr. Sami al-Araji includes consulting engineers of various specializations representing the Ministries of Housing and Construction, Higher Education and Scientific Research and the National Investment Commission.
