Chairman of the National Investment Commission Lays the Foundation Stone for 11 Housing Projects in Wasit, Emphasizing Commitment to Sustainable Economic Development
The Chairman of the National Investment Commission (NIC), Professor Dr. Haider Mohammed Makiya, emphasized that investment based on a strategic vision is a cornerstone for achieving the objectives of the government program. He noted that foreign direct investment (FDI) reached approximately $69 billion over the past year and a half, out of a total $85 billion in foreign and domestic investments during the same period.
These remarks were made during his visit to Wasit Governorate on Sunday, December 22, where he laid the foundation stone for 11 housing investment projects across the administrative regions of the governorate, comprising a total of 5,000 housing units.
Exceptional Projects to Boost the National Economy
Dr. Makiya announced that the NIC is preparing to launch a package of investment projects exempted from public bidding in the near future. These projects, which have been reviewed by the Ministerial Economic Council and the Cabinet, aim to provide significant added value to the economy. Key projects include:
- Al-Teeb Economic City in Maysan Governorate.
- Renewable energy projects.
- Waste management and power generation projects.
He also highlighted that the NIC has secured the Prime Minister’s approval to contract an international consulting firm to develop a comprehensive investment map for each governorate. This map will align with local economic priorities and needs, fostering economic integration and sustainable development.
Site Visits to Promising Investment Projects
During his visit, Dr. Makiya toured several key investment projects in Wasit, including:
- Wasit General Investment Hospital, a 100-bed facility offering comprehensive medical services.
- The Wasit Smart Egg Farm, with a production capacity of 700,000 eggs per day in its first phase.
- Jawaher Wasit Residential Complex, consisting of 2,248 housing units spread over 388 dunams of land.
Government Support for Wasit’s Economic Growth
The Governor of Wasit, Dr. Mohammed Jameel Al-Miyahi, welcomed the NIC Chairman’s visit, emphasizing its importance in strengthening the governorate’s economy. He highlighted the 2025 investment map, which includes ambitious projects aimed at boosting development and leveraging the governorate’s stable political, security, and social conditions.
Dr. Makiya also met with the Chairman of the Wasit Provincial Council, Mr. Ali Hassan Suleiman, as well as council members, NIC staff, and local investors. The discussions focused on overcoming challenges and accelerating the implementation of investment projects.
NIC: Committed to Development and Citizens’ Aspirations
The National Investment Commission reaffirms its commitment to executing strategic projects that promote economic growth and provide the best possible services to Iraqi citizens, paving the way for a brighter and more prosperous future.