Advertising

 

Investment Opportunity No. (1 / T / F / 2019)

Set up a chlorine production plant to hold a new plant co

 

Terms and conditions required The General Company for Mining Industries announces the investment opportunity to set up a chlorine production plant to hold a new plant in our company’s site in Al Muthanna Governorate

According to the provisions of Article (15) of the Companies Law (22) of 1997 issued on the basis of the text of paragraph (IX) of Article (4) and the text of the first paragraph of Article (5) of the law of the Ministry Industry and Minerals No. (38) of 2011 Amended and pursuant to the Council of Ministers Resolution No. 190 of 2019 Those wishing to participate should review the company’s headquarters located in Baghdad / Taji / behind the electrical lamps factory to submit their offers according to the required conditions and instructions which can be obtained from the company’s headquarters / The amount of (250,000) two hundred and fifty thousand dinars is not possible Bids shall be returned and placed in the tender box at the company headquarters

:

Firstly :-

1-Preference shall be given to international companies that are manufactured and specialized in the industrial field, as well as accepting offers from any other companies, financial or commercial institutions, investors or owners of capital, accompanied by the documents of their contracting and cooperation (authorization, agency or participation) with specialized specialized companies in the declared field. about him .

The establishment of a period not less than (2) years.2-

3-Submit the documents of the establishment certificate, the financial statements (in English for non-Arab companies) for the last two years and the final accounts of the last two years (certified by the office of a legal accountant or international auditing company, provided that all documents are authenticated by the Embassy of the Republic of Iraq in the country of the company) Arabic Legal Translator

Presenting publications or leaflets about their work 4-

5-to provide a letter of support from the banks of the firm supports the financial efficiency and transactions with the disclosure of support for money and deposits for the last fiscal year certified by the auditor and the Board of the profession and control and audit of Iraqi companies in Iraq and according to the models of the stamps of the Council of the profession received the uncles of the Internal Control and Audit No. 1759 on 9 / 1/2019 or from the Embassy of the Republic of Iraq in the country of non-Iraqi companies

6-Providing the company offering its technical capabilities and plan to develop existing products or enter new products

7-Provide lists of machines or lines of production and the number and tools and readiness to transfer technology and training with details of the amounts allocated to each paragraph with emphasis on the machines and lines and the number of tools and new and from approved sources

. 8-Participation contracts shall be subject to Iraqi laws and the jurisdiction of the Iraqi judiciary in resolving disputes and their methods which may arise after signing the contract.

9-Provide a letter of guarantee in the amount of one billion dinars according to the nature and cost of the project for the implementation of general obligations are launched upon completion of the requirements of the partner (the second party)

10-Approving the provisions of Article (14) of the Foreign Companies Companies Law No. (2) for the year 2017 regarding the establishment’s license in accordance with the provisions of Article (14) of the General Secretariat of the Council of Ministers / Legal Department No. S / 2/1/59/09827 dated 13/3/2018. A registered branch in Iraq must be opened when the contract is signed and duly registered with the Registrar of Companies within a period of (3) months from the date of signature or a branch of the companies described in (1)

11-Companies, financial institutions and other non-industrial parties, investors and owners of capital referred to in (1) above shall be covered by providing a summary of the paragraphs to the specialized companies that support them.

Second :-

1-Offers shall not be opened for a period of (30) days from the date of publication of the advertisement. In the event of the receipt of one or more offers during the period, the advertisement shall be stopped for the purpose of studying and analyzing the offer or the offers submitted for the recommendation of referral. The declaration shall be valid for up to (30) days and by the same mechanism approved above which shall not exceed one calendar year from the date of the first publication, after which the subject matter shall be re-examined and evaluated.

2-The duration of the participation contract shall not be less than 5 years and may be extended

 

3-To view and comply with all paragraphs fixed in the declared investment file, including the free share

 

 For more information contact the company’s website and e-mail:

 

WWW.altadinea.industry.gov.iq

E-Mail:-altadinea1992@gmail.com

 

 

 

General Director

 

 

 

 

Investment Opportunity Announcement No. 1/2019

              Rehabilitation, operation and development of AL- Tariq plant for pesticides with capacity of(2575) tons/year / (Industrial)

Ministry of Industry and Minerals/ Al_Furat State Company for Chemical and Pesticides Industries

Al_Furat State Company for Chemical and Pesticides Industries as one of the affiliates of Ministry of Industry and Minerals / Republic of Iraq. Is pleased to announce the a/m investment opportunity for (rehabilitation, operation and development of AL- Tariq plant for pesticides with capacity of(2575) ton/year) located in Al-Anbar /Al-Fallujah /Al-Garmah  according to   Article ( 15 / Thirdly ) of  amended and valid Law of State Companies No. ( 22/ 1997) modified,  (as joint venture ) and  invite { Iraqi, Arabic and international  manufacturing and specialized companies (manufacturer or producer )  or( any other companies, financial  or commercial institutions, investors or capital owners, which submit their contracting and cooperation  documents ( authorization , agency or partnership )  with  supported  specialized and manufacturing  companies} ,  to participate in this investment opportunity and visit/ Investment Department in our company located in the province of Babylon, Musayyib  /Saddat Al-Hindiyah  to buy investment opportunity’s document against non-refundable amount (250.000) ID two hundred and fifty thousand Iraqi dinars.  Tenderers should submit their technical and commercial offers, all  attached documents  should be certified  by the  authorized entities in the countries of the company and  Iraqi Embassy in the countries of the foreign companies, for the Iraqi companies document should  be certified  by authorized entities in Iraq.  , , taking in consideration the following items :

1. Priority will be for international manufacturing and specialized companies, offers can be accepted from any other companies, financial or commercial institutions, investors or capital owners, which submit their contracting and cooperation documents (authorization, agency or partnership) with supported specialized and manufacturing companies, the company should be established before (2) years at least .
2. The advanced company should submit establishment certificate, Financial statements (in English for foreign companies) for the last two years (authorized by the office of a legal accountant or an international auditing company. All documents must be certified by Iraqi Embassy in the country of the company) with a copy translated legal translation to Arabic language.
3. Submit similar works, publications or leaflets of the advanced company works .
4. Submit a letter from the stable banks to confirm its financial  efficiency and dealings with  money and deposits support  for the last financial year approved by legal accountant office and  the Board of the profession and control and financial audit for Iraqi companies in side  Iraq according to the models of the stamps of the Council of the profession and control service Audit ,  according to the letter of the Internal Control and Audit No. 1759 on 9/1 / 2019 or from the Embassy of the Republic of Iraq in the foreign companies .
5. tenderer should take in consideration to comply with information form , evaluation criteria, general conditions and paragraphs attached  with the investment document .
6. submit a letter of acquittal from the Ministry of Finance.
7. The tenderer should present any letter to prove good performance in carrying out its previous obligations, if there are any obligations with ministries and government offices of Iraq authenticated by the official authorities’ offices.
8. The company should not black listed.
9. To make a conformation at the legal department not to deal with the Zionist entity and its institutions .
10. The tenderer should submit the cash receipt of the investment opportunity .
11. Offers will not to be before ( 30) working days from the date of publication of the announcement and if one offer or more received  during the above period “advertising is turned off for the purpose of study and analysis of offers to take the recommendation of whether referral or not ,  if not  access to referral recommendation ,advertise should  continue until 30 days more with same conditions  in the above which continue for no more than a calendar year from the date of first publication is then re-examine and evaluate the subject advertise .
12. Offer validity should not less than 3 months

* There will be special meeting before seven days of closing date ( m/a) to discuss and answer all investor question and to visit the project site  in the location of AL- Tariq plant for pesticides  in Al-Anbar /Al-Fallujah /Al-Garmah.

______________________________________________________________________________________

-Website of Ministry of Industry and Minerals  (  www.industry.gov.iq )

,- web site of Al_Furat State Company for Chemical and Pesticides Industries ( www.furattco.gov.iq)

-E-mail  for inquiry :-   furattco1@gmail.com ,   furattco@fuarttco.gov.iq  , -Investment Manager phone no. (07801102674)    ,    – P. O. BOX    11230

 

Engineer Ali Qassim Kadhim

D.G. and chairman of board of directors

During his participation in Powering Iraq Conference

NIC Chairman: Iraq is an Attractive Environment for Power Sector

NIC Chairman, Dr. Sami Al-Araji assured, during a word he delivered in Powering Iraq Conference held in Baghdad July.10.19 that Iraq is an attractive environment for capitals in various economic sectors and at the top stands the power sector and that investment laws and regulations contained generous incentives that fertilize the land for the foreign companies to invest in the country.

The conference was attended by Ministers of Oil and electricity, Ministries and Government institutions representatives, Iraqi private sector representatives in addition to Ambassadors of a number of countries.

NIC Chairman stated that the Commission granted a number of investment licenses in power sector a head of which was Bismayah Power station executed by Mass Holding Company with a capacity of 3000 MW and work is proceeding to add 1500 MW, as it is currently covering 60% of Baghdad need for electricity power, while other licenses were granted to implement power stations in the southern part of Iraq with an estimated total capacity of 4500 MW (some of them are achieved and others in their final completion stages).

He also added that NIC is keen to cooperate with other relative ministries and institutions to achieve self- sufficiency in power in all its types including employing the renewable energy to reach this goal. Dr. Sami also praised the role of the local and foreign private sector which contributed to motivating the investment wheel in various strategic and vital sectors like (Oil and Gas, Housing, Industry, Health, Agriculture, and higher education) disseminated all over Iraqi provinces in a way that provided new national income resources.

NIC Chairman invited the Government and the Parliament to issue the legislations that can contribute to implementing the five year and ten year plans laid to guarantee the substantial development, stressing the continuance in NIC program aiming at constructing strategic investment projects that serves the country like the housing project of Bismayah consisting of 100 thousand housing unit.

The conference works also witnessed speeches for Minister of Oil, Minister of Electricity, Representative of the Ministry of Industry and Minerals, Ambassadors of US and UK. the conference was attended by more than 200 businessmen from inside and outside Iraq during which presentations of Ministries of oil and Electricity were presented in the fields of energy and alt- energy and was closed by round tables meetings between the Public and private sectors.

 

 

During his Visit to Najaf and Karbala Provinces

NIC Chairman Examines a number of Investment Projects

 

NIC Chairman, Dr. Sami Al- Araji visited Najaf province on Friday, 05.07.2019 to explore the latest rates of achievement in investment projects.

He reviewed the achievement rates in a number of the investment projects in various fields and stood upon the reasons behind the delay in completing some of them and he also discussed with the in charge officials there the hardest challenges that hinders the investment process in the province especially those connected with the religious tourism investments.

Al- Araji visited a number of the investment projects in sectors of industry, tourism, commercial ahead of which al- Ameerat Housing compound designed to contain 1500 housing unit divided in to three blocks (A, B and C), 600 of which were already handed over to the beneficiaries and the remaining are under construction.

On the other hand, NIC Chairman also visited Karbala International Airport project site supervised by the Administration of the Holly Husseini threshold on Saturday, 06.07.2019

During his tour, he met with the project manager, Eng. Haider Rabeea, the representatives of the Holy Husseini Threshold, the executing company and the consultative office.