Announcement of investment opportunity No. (4) for the year 2023/ to establish the new city of Fallujah in Anbar Governorate

Based on Cabinet Resolution No. (23121) for the year 2023 and the amended Iraqi Investment Law No. (13) for the year 2006 and related regulations and instructions .

The National Investment Commission, in coordination with the Ministry of Construction, Housing and Public Municipalities / New Cities Implementation Authority, announces the investment opportunity to establish the new city of Fallujah (the first phase) in Anbar Province, with an area of ​​(4085) dunums, with four investment opportunities. Investment companies and investors wishing to invest should review the information and conditions shown. On the website of the New Cities Implementation Authority (https://ncia.moch.gov.iq/) and the website of the National Investment Commission ( www.investpromo.gov.iq ) and submit their applications according to the conditions set out below :

1. Allocating (10%) of the housing units to the governorate as a minimum, and the amount of the percentage and increasing it as a criterion within the criteria of competition among investors .
2. Submitting an account statement from an accredited bank (later approved by the Central Bank) confirming its financial capacity and owning no less than 25% of the project value, which is exclusively spent on the project according to undertakings submitted by the investor, in addition to presenting a financing plan and the financial position of the company associated with the guarantee of the financing entity from an accredited financial institution .
3. A letter of guarantee in the amount of (7) billion Iraqi dinars issued after the completion of the infrastructure by the investor for the land area specified in the investment contract .

4. Submission of similar works carried out by the investor, developer or his partners inside or outside Iraq certified by the Iraqi embassy (if the companies are foreign or carrying out business abroad) and he has administrative and technical experience and sufficient equipment .
5. In the event that the investor desires to make changes in the master plan, he must submit an economic and technical feasibility study according to the standards of the Ministry of Planning and in accordance with the information and requirements that must be provided, prepared by an accredited consulting body or an office holding the identity of the Iraqi Accountants and Auditors Association .
6. Provide a timetable for the completion of the project (table of work progress stages) .
7. Compliance with the environmental conditions specified by the Ministry of Environment (attached to the advertisement) with the requirements of civil defense .
8. Submitting the company incorporation certificate with the company papers certified by the Registrar of Companies .
9. Insurance of the investment project with an approved insurance company for the duration of the project .
10. Submitting a non-objection letter to enter into the investment opportunity issued by the General Commission for Taxes addressed to the Ministry of Construction, Housing and Public Municipalities and a valid clearance until 2023 (by adopting the barcode system)
11. The investor is obligated to implement all the infrastructure for the land area allocated according to the investment license (water – sewage – electricity – roads – communications, etc.) and link it to the main service sources on the city borders .
12. Opening accounts in Iraqi or foreign currency, or both, for the later approved project .
13. Submission of a partnership contract (in solidarity and solidarity) for the investment opportunity (if there is a partner) duly certified by the Notary Public Department. Ensures financial solvency in paragraph (2) of the partnership contract.
14. The investor is obligated to implement the project during the period specified in the investment license and to sell housing units to citizens and not to speculate at the prices determined by the economic feasibility study and proven in the investment contract, while adhering to the instructions of the National Investment Commission .
15. Submission of final accounts of the participating companies for the last (three) years, certified by one of the licensed Iraqi accountants and auditors .
16. Bidders must visit the site before submitting, taking into account the planning controls and determinants of the area in accordance with the instructions and controls of urban planning and the Municipality Directorate, taking into account the environmental impact in accordance with the approved and applicable international regulations .
17. The city should be sustainable and use clean energy as much as possible in line with Paragraph (7).
18. Establishing an electronic management system for the municipality and real estate registration departments for the service buildings that will be allocated in the project and others .
19. Bids are evaluated through a comparison form that specifies the points and basis for comparison and evaluation from the technical and economic side (attached) .
20. Bids shall be submitted within a maximum period of (30) days, starting from the date of the announcement, inside a sealed envelope sealed with the company’s seal, to the headquarters of the National Investment Commission located on the Qadisiyah Highway, the International Zone, near the Turkish Embassy .

In case of any inquiries, contact the phone number (07733678838) and (07860094023) and e-mail ( ncia@moch.gov.iq )

The date of publication of the advertisement is 1/6/2023