مديرية

Important updates on the Bismaya City project Ladies and gentlemen who are registered on the Bismayah City project. M/Follow-up As the New Year begins, the National Investment Authority (NIA), headed by Prof. Dr. Haider Mohammed Makkiya, extends its warmest congratulations and wishes for a year full of goodness and blessings to all residents and registrants of the Bismayah City project. As part of our commitment to transparent communication with our esteemed audience, we are pleased to answer the most prominent inquiries and comments that we have received, as follows: 1. The date of delivery of residential units: As for the residential units that were expected to be delivered by the end of last year, we emphasize that the delay in delivery is due to the incomplete completion of the city’s water project. The authority has taken several measures in coordination with the concerned authorities to complete this project, and will start distributing the units as soon as it is completed. 2. Inquiries from registrants who have not received their units: The authority has already clarified and reiterates that it has completed the delivery of all units to those registered on the project, with the exception of the western styleunits, which has been suspended for more than four years. Delivery for the western style will resume during the current year. 3. Special exceptions: The exceptional cases referred to, which relate to people with special humanitarian needs, fall under the jurisdiction of the head of the Authority. We clarify that these cases are very few and do not affect the total number of remaining units, which will be distributed according to their eligibility. 4. Those registered through the Ur online platform: For those who registered for the project through the Ur electronic platform, which amounts to about 70,000registrants, we would like to inform you that: Promotion of allotment transactions will start from 2026 at a rate of 10,000 housing units per year. 5. Explanation of project financing: Regarding the phrase “beneficiary financing of the project”, we emphasize that Your purchase will remain unchanged. The beneficiary (registered on the project) will be obliged to pay only 10% of the value of the residential unit, while the remaining percentage will be financed by the respective bank with a repayment period of up to 25 years. 6. Resuming work on the project: A draft contract was signed between the Iraqi and Korean sides to resume work on the project. The contract will come into effect this year after the Cabinet approves the annex to the contract. Hanwha will start the remaining work on the project in the near future. Acknowledgments: We thank you for your cooperation, patience and trust, and we look forward to continuing to work together for a better future for Bismayah and its residents. National Investment Authority January 2, … Read More

Smart cities: A step towards sustainable development and improved quality of life Baghdad, December 29, 2024 - The President of the National Investment Commission, Prof. Dr. Haider Mohammed Makkiya, chaired the scientific committee meeting for the first "Smart Cities in Iraq" forum, to be held on February 25, 2025. The forum is organized by the Federation of Iraqi Chambers of Commerce and the International Chamber of Commerce in Iraq, in cooperation with a number of governmental and international institutions, most notably the New Cities Implementation Authority at the Ministry of Construction and Housing, the National Security Advisory, the Arab Cities Organization/Arab Forum for Smart Cities, and Al Taqaddam Training and Conferences. During the meeting, Dr. Makkiya stressed that the National Investment Authority aims through this event to attract international investment companies specialized in the field of smart cities to contribute to achieving projects that are in line with the Iraqi reality and support technological innovation. He explained that the establishment of smart cities represents an opportunity to achieve the goals of sustainable development and improve the lives of citizens by upgrading the level of services to meet the aspirations of all segments of society. He also pointed out the possibility of generalizing the smart cities model to the housing projects recently launched by the Authority in various governorates, emphasizing the importance of discussing the management of these cities with investors. A small operations room was formed to review the models and determine the costs of establishing smart cities in line with the means of citizens. For his part. Dr. Ahmed Al-Yasiri, Secretary General of the International Chamber of Commerce in Iraq, explained that the forum is an opportunity to highlight the future of smart cities in Iraq and the latest global solutions and applications. It also aims to promote sustainable development and innovation in infrastructure, focusing on key themes including digital transformation, investment opportunities, and global best practices. The meeting reviewed successful international experiences in the field of smart cities, in addition to discussing mechanisms for their establishment and development. The meeting was attended by representatives of Iraqi government agencies, Iraqi universities and the Iraqi Engineers Syndicate, in addition to DEWA's Advisor for Renewable Energy Affairs, Dr. Mona Al

Under the patronage of the Chairman of the National Investment Commission: Granting eight investment licenses at a cost of more than 250 billion dinars in Babylon Governorate Under the patronage and presence of the Chairman of the National Investment Commission (NIC), Prof. Dr. Haider Mohammed Makkiya, the Babylon Investment Commission organized a ceremony to hand over investment licenses to eight investment projects at a cost of more than 250 billion dinars, distributed in the industrial, commercial, entertainment and services sectors. In his speech during the ceremony, the head of the National Investment Commission emphasized that Babylon province is witnessing a major economic opening through an increase in investment projects, noting that these projects represent a qualitative leap aimed at enhancing economic development in the province. He explained that the government attaches great importance to the investment file through its government program and amendments to the investment law, which contributed to enabling these projects and driving development. Dr. Makkiya added that the projects launched will provide about 4,000 diverse job opportunities, with a focus on housing, industry, and tourism. He praised the efforts of the Babylon Investment Commission in developing these projects and supporting them with all possible elements of success, calling for investing in the safe atmosphere and stable investment environment to enhance the province's economic reality in line with its civilized history. During his visit to the headquarters of the Babylon Investment Commission, the Chairman of the Commission listened to a number of inquiries and suggestions related to the referral and advertising controls for projects, in addition to the technical and environmental conditions of the feasibility studies submitted by investors. He stressed the importance of adhering to the instructions issued by the higher authorities to ensure the continuity of investment activity away from any legal violations. The field tour included inspecting a number of prominent projects in the governorate, including: The United Factory for the production of packaging materials, which covers more than 70% of Iraq's needs while exporting the surplus to neighboring countries. Al-Kawthar Residential Complex, which includes 1,061 housing units, with 375 units completed as the first phase. The Safwa residential complex, which was built on an area of 400 dunums and contains 343 housing units. The ceremony was attended by Babylon Governor Mr. Adnan Faihan Al-Dulaimi, First Deputy Chairman of the Parliamentary Investment and Development Committee Mr. Hussein Al-Saabri, Chairman of the Babylon Investment Commission Engineer Abdul Jalil Al-Shajiri, in addition to the Chairman of Babylon Provincial Council Mr. Asaad Al-Salmawi and a number of officials and members of the provincial

Chairman of the National Investment Authority meets with Saudi Arabia's Al-Arab United Company to discuss investment cooperation opportunities The Chairman of the National Investment Commission (NIC), Prof. Dr. Haider Mohammed Makkiya, received on Monday the President of Al-Arab Saudi United Company for Consulting and Digital Solutions, Sheikh Sultan Al-Saadoun. During the meeting, they discussed ways to enhance investment cooperation in various fields, in addition to discussing opportunities for economic partnership and infrastructure development through strategic investments that serve the Iraqi economy. At the beginning of the meeting, the Chairman of KDIPA gave a detailed explanation of the amended Investment Law No. 13 of 2006, highlighting the facilities and guarantees provided by the law to investors. He also reviewed a number of investment opportunities available in various sectors aimed at achieving sustainable development that contributes to enhancing the reality and future of the Iraqi economy and efficiently utilizing natural resources. For his part. Sheikh Sultan Al Saadoun affirmed the commitment of Saudi Arabian United Arab Company to build strong relationships and fruitful understandings with Iraqi government agencies, especially the National Investment Commission, as the official sponsor and supervisor of investment activity in Iraq. He expressed the group's keenness to support the Iraqi government's efforts to achieve mutual and effective digital investments. The meeting witnessed a comprehensive presentation of the company's future vision on a number of important files, including digital solutions, consulting support, attracting competencies, providing services and solutions, information technology, engineering services and others. The meeting was attended by the Chairman of the Parliamentary Development and Investment Committee, MP Hasnain Al Khafaji, in addition to a number of officials at the National Investment Authority and representatives of the

President of the National Investment Authority supports the initiative to build 100,000 housing units in Baghdad and the provinces BAGHDAD - Monday, December 23, 2024 The National Investment Commission (NIC) held today its regular meeting of the heads of investment authorities in Baghdad and the governorates, chaired by Prof. Dr. Haider MohammedMakiya, in the presence of the Chairman of the Iraqi Economic Council, Mr. Ibrahim Al-Masoudi Al-Baghdadi, and a number of directors general and officials in the Commission. During the meeting, Dr. Makkiya affirmed his full support for the "Tashkeen " initiative launched by the Iraqi Economic Council, which aims to build 100,000 housing units in Baghdad and the governorates in a vertical and horizontal manner, with a focus on providing economic housing suitable for middle-class and low-income groups, according to accurate architectural specifications and plans. He also directed the heads of agencies to identify suitable land for these projects in coordination with the higher committee formed for this purpose. Investment Law Amendments The meeting discussed the proposed amendments to the Investment Law No. 13 of 2006 as amended in cooperation with the competent government agencies, with the aim of enhancing the investment environment in Iraq and increasing the competitiveness of the economy in line with global changes. Dr. Makkiya called on the heads of investment authorities in the governorates to submit their proposals to ensure that these amendments are aligned with the needs of their governorates and enhance confidence in the investment climate. Unified Investment Map The head of the Authority pointed out that the Prime Minister approved the hiring of an international consulting firm to prepare preliminary feasibility studies, in preparation for the development of a comprehensive investment map for Iraq. The map aims to identify the economic identity of each governorate in proportion to its resources and population, contributing to enhancing job opportunities and achieving economic recovery. Solar Energy in Residential Projects The meeting also discussed the Prime Minister's directives on introducing solar energy systems in investment housing complexes. It was agreed to include in investment contracts a clause that obliges investors to provide solar energy systems from international sources for each housing unit, in addition to obliging investors with active licenses to apply this measure in projects that are under implementation or completed. Other initiatives The meeting agenda included: A change initiative towards institutionalized leadership for investment authorities, following the example of the National Investment Authority (NIA). Discussing circular economy projects and minimizing the depletion of raw resources in investment projects. Conclusion of the meeting Dr. Makkiya stressed the importance of strengthening joint work between the National Investment Commission and the provincial authorities to achieve ambitious investment goals, praising the active role of the heads of the authorities in implementing the National Investment Commission's vision to advance the reality of the Iraqi

NIC Chairman Lays the Foundation Stone for 11 Housing Projects in Wasit and Highlights the Importance of Strategic Investment Planning Dr. Haider Mohammed Makiya: Proper investment planning strengthens the national economy and achieves government program goals During his visit to Wasit Governorate, the Chairman of the National Investment Commission (NIC), Professor Dr. Haider Mohammed Makiya, announced the commission’s plan to contract with an international consultancy firm to conduct initial feasibility studies aimed at shaping the economic identity and comprehensive developmental plan for all Iraqi provinces. Dr. Makiya also revealed that the NIC is preparing to launch a package of investment projects exempted from public bidding in key sectors. These projects, which were reviewed in the Ministerial Economic Council and the Cabinet, aim to add significant value to the economies of Baghdad and other provinces, directly benefiting Iraqi citizens. Foreign Direct Investment and Economic Growth Dr. Makiya highlighted that investment with a realistic and accurate vision serves as a cornerstone for achieving the government program’s goals. He pointed out that Foreign Direct Investment (FDI) reached approximately $69 billion over the past 18 months, out of a total of $85 billion in foreign and domestic investments during the same period. He added that the NIC is working on several high-impact strategic projects, including: Al-Teeb Economic City in Maysan Governorate. Renewable energy projects. Waste management and power generation projects. Foundation Stone Ceremony and Project Inspections As part of his visit, Dr. Makiya laid the foundation stone for 11 housing investment projects distributed across all administrative areas of Wasit Governorate, comprising a total of 5,000 housing units. This move aims to strengthen the housing sector and meet the needs of the population. The visit also included inspections of several key investment projects, such as: Wasit General Investment Hospital, a 100-bed facility providing comprehensive medical services. Wasit Smart Egg Farm, with a production capacity of 700,000 eggs per day in its first phase. Jawaher Wasit Residential Complex, comprising 2,248 housing units on an area of 388 dunams. Emphasis on Planning and Sustainable Development Dr. Makiya emphasized that the Prime Minister’s approval of the NIC’s agreement with an international consultancy firm will enable the creation of a comprehensive investment map for each province. This map will align with the economic nature and developmental needs of each region, fostering economic integration and enhancing the ability to attract foreign investment effectively. Government Commitment to Provincial Development Wasit Governor, Dr. Mohammed Jameel Al-Miyahi, welcomed the NIC Chairman’s visit, noting its importance in strengthening the economic landscape of the governorate. He confirmed the existence of an investment map for 2025, which includes ambitious projects aimed at increasing developmental revenues and leveraging the political, security, and social stability in the province. At the end of his visit, Dr. Makiya met with the Chairman of the Wasit Provincial Council, Mr. Ali Hassan Suleiman, along with council members and investors. They discussed the challenges and mechanisms for enhancing investment in the governorate to ensure the successful implementation of projects that meet citizens' needs and drive sustainable