Future Investment Opportunities in Rafeel City Project

Future Investment Opportunities in Rafeel City Project

 

According to investment law no. 13 for the year 2006 as amended and its regulations and the Ministers’ Council resolution no. 213 for the year 2021.

NIC hereby announces future investment opportunities for companies and investors willing to apply to invest in projects of (housing, entertainment, commercial sector, services, and the logistic support projects for BIAP) within the lands surrounding Baghdad International Airport (Al- rafeel City Project), knowing that the projects will be of total areas range between (100-300) donums.

Willing local or foreign companies and investors are invited to visit NIC premises/ one stop shop dept. located in the IZ next to the Turkish Embassy in order to submit their legal, technical and financial documents mentioned below within 30 working days from the date of publishing this announcement. (If the closing date happens to be an official holiday documents shall be received in the following day)

 

Note/ the above announcement is made for the purpose of indexing a data base and does not put any legal obligation on the NIC side.

 

Required documents

  • Company establishment papers
  • Final records that prove the company lucrative with a brief of its work CV (legal person)
  • A copy of the ID or the passport of the investor ( natural Person)
  • A copy of the ID or the passport of the entitled person
  • A list of the previous similar works implemented by the company or investor in the field of investment or any other field
  • Financial competence certificate of the (legal person) or the (natural person)

 

Constructing a housing compound ( the National housing project/ Missan Province)

NIC in Cooperation with Missan Governorate and Missan Provincial Investment Commission

Investment opportunity- First Announcement

Constructing a housing compound ( the National housing project/ Missan Province)

According to investment law no. 13 for the year 2006 as amended and its regulations,

NIC and missan governorate are pleased to announce the investment opportunity of (constructing a Housing compound in Abo Rumana/ Missan province on a total area of 652 donum on the land lot numbered 14/1596 district 6 Abo Rumana/ Missan province) .

Local and foreign companies and investors willing to invest in this opportunity are invited to apply through filling in the Investment application form available on the NIC website: www.investpromo.gov.iq and provide all the documents mentioned in the application within (30) days from the date of publishing this announcement (if the closing date happens to be an official holiday it will be switched to the end of the working hours of the following day)  knowing that winning investor shall undertake the fees of local official  newspapers announcements.

 

For obtaining the application pamphlet please visit Missan governorate headquarter/ Advisors Committee

Required documents

  • application form (stamped and approved by the Administration dept. of the National Investment commission) with a buying receipt of the application form
  • Executive briefing
  • Economic feasibility study
  • Company establishment papers and its final records with a briefing of its work history (legal person)
  • Copies of ID and passport of the investors (natural person)
  • Copies of ID and passport of the company representative
  • A list of the similar works previously implemented by the company or the investor (4 maximum)

For any further information please visit the NIC premises- Ones Stop Shop dept. located at Baghdad – IZ next to Avicenna Hospital) or send email to:  oss@investpromo.gov.iq or contact 07706771719

 

Chairwoman of the National Investment Commission Suha Daoud Najjar from Nineveh Governorate confirms:

 🛑 Cabinet decisions yesterday send a message reassuring investors wishing to enter the Mosul market and aim to encourage investment in the governorate

 

The Commission will work with the Higher Committee for Reconstructing Mosul and in cooperation with the relevant ministries and government institutions to complete these decisions within the prescribed period.

 

 

🛑 Nineveh Governorate enjoys attractive potentials for investment.

Chairwoman of the National Investment Commission, Suha Daoud Najjar, said that the decisions taken by the Council of Ministers in its regular session held yesterday, Monday in Nineveh Governorate, headed by Prime Minister Mustafa Al-Kazemi, send a message of reassurance to investors wishing to enter the Mosul market and aim to encourage investment in the province.

Najjar, who attended the meeting of the Higher Committee for the Reconstruction of the Governorate yesterday in the city of Mosul, chaired by Prime Minister Mustafa Al-Kazemi, stated, “NIC will work with the committee and in cooperation with the relevant ministries and government institutions to complete these decisions within the prescribed period.

She called for uniting all efforts for the reconstruction of Nineveh Governorate, which enjoys attraction elements for investment, foremost of which is its geographical location, its historical dimension, and its natural and human resources.

Chairman of the Nineveh Investment Commission Medhat Al-Ani confirmed that holding the Cabinet session in Mosul and the visit of NIC Chairwoman to the province will push the wheel of investment in the city and encourage capital to participate in the investment process, referring to the Cabinet’s decision to allocate the remaining plot  from Ghazlani camp to the municipality of  Mosul, (after transferring the ownership of an area of ​​(3000) dunums of it to the Ministry of Defense to establish a large residential, recreational, and commercial investment project that will be submitted as investment opportunities in accordance with the amended Investment Law No. (13 of 2006).

 

PR & Media Dept.

NIC

17th Aug. 2021

 

During her visit to a number of investment projects in Nineveh Governorate, Chairwoman of the National Investment Commission Suha Najjar: We are studying compensating investors affected by the ISIS era in Mosul

During her visit to a number of investment projects in Nineveh Governorate, Chairwoman of the National Investment Commission Suha Najjar: We are studying compensating investors affected by the ISIS era in Mosul

Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, confirmed that NIC is studying compensating investors who are still continuing their investment projects despite suspension for four years due to ISIS terrorist gangs’ era and the liberation operations with additional advantages.

She indicated that the study includes submitting a proposal to the Council of Ministers and the Ministry of Finance to extend customs and tax exemption period for those projects guaranteed by the investment law for projects with investment license, where the extension period will be determined according to the status of each project and the duration of its suspension.

During a press conference held while visiting a number of projects in Nineveh Governorate, NIC Chairwoman expressed her happiness with the growing investment movement in the governorate in the various economic sectors, as well as the seriousness of investors to move forward to implement their investment projects that contribute to solving part of the unemployment crisis in the governorate and restore its distinguished position as a cornerstone of the Iraqi economy. She pointed out that the government is saving no effort to increase investment opportunities in Mosul in various sectors.

During her visit to the governorate, on Tuesday, August 17, NIC Chairwoman inspected a number of important investment projects in the city, listening to the investors’ comments and suggestions regarding the development of these projects, including the project of Mosul Iron and Steel Company, which costs 20 million dollars and has a design production capacity of 260 tons/ day of standard rebar, In addition to the residential city of Ain Al-Iraq, to build (4000) housing units, at a cost of more than two hundred and eighty-nine billion Dinars. She concluded her visit with a meeting with Mr. Najm Abdullah Al-Jubouri, Governor of Nineveh, during which she discussed the available investment opportunities and the possibilities of overcoming the obstacles facing the reality of investment in the province.

 

 

PR & Media Dept.

NIC

17th Aug. 2021

 

 

 

 

 

While heading the Ministerial Committee in charge.. Chairwoman of the National Investment Commission (NIC): The Rafael City Project is an urban revolution with international standards

While heading the Ministerial Committee in charge.. Chairwoman of the National Investment Commission (NIC): The Rafael City Project is an urban revolution with international standards

 

Ministerial Committee in charge of preparing the lands of the Rafael City project began today, Thursday, August 12, 2021 at the National Investment Commission, headed by Ms. Suha Daoud Najjar, and in the presence of the Prime Minister’s Advisor for Construction, Services and Investment, Dr. Sabah Abdul Latif, a number of Director Generals, and representatives of departments in the ministries concerned in the project.

At the beginning of the meeting, the Chairwoman of NIC confirmed that this project will change the direction of investment and reconstruction in Iraq, it will be an urban revolution by all modern standards of construction and designs; This requires concerted efforts of all concerned bodies with implementation.

She confirmed that the vast majority of the lands of this region belong to or are occupied by state departments and ministries, and do not represent private property to citizens. As for the very small part of citizens’ properties, they will not be touched, but will have all the benefits and services that will

be available to the city.

During the meeting, Al-Najjar presented a detailed presentation of the plans and locations of the lands covered by the engineering survey.

During the meeting, a number of technical and engineering aspects of the project’s lands were discussed by the concerned departments, and it was agreed to form a permanent technical team to overcome obstacles facing implementation by finding the necessary treatments in direct coordination with the concerned ministries and institutions.

Department of Relations and Media

National Investment Commission

12 – August – 2021

 

In the presence of the National Investment Commission Chairwoman The launch of the First International Conference for Investment in Basra Governorate

In the presence of the National Investment Commission Chairwoman

The launch of the First International Conference for Investment in Basra Governorate

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Today, Saturday, the First International Conference for investment was held in Basra, in the presence and participation of the Chairwoman of the National Investment Commission, Suha Daoud Najjar, under the slogan (For Basra, where the future is made).

 

In her speech at the opening of the conference, she confirmed that the investment projects implemented in Basra Governorate have a capital of more than 6 billion dollars, projects are in the process of being granted investment licenses estimated at 4 billion dollars, indicating that these huge sums put by foreign and local investors in investment projects in the province of Basra demonstrate the economic importance of the province and its significant global location, especially since these projects have been distributed in various economic sectors, which achieves diversification in the province’s economy and not relying on oil projects only.

 

Najjar praised the efforts made by the Basra Investment Commission and local government officials to achieve theseremarkable percentages of completed projects in the province, noting that this matter calls for optimism for a promising future for Basra province in a way that is commensurate with its great importance and history.

 

Chairwoman of the commission added that the expansion of investment projects by the private sector and the addition of new production lines to their projects is a clear evidence of achieving profitability from these projects in a way that benefits the governorate as well and sends a message to those wishing to invest in the governorate that the investment opportunities in the city are promising and achieve the desired economic feasibility. .

 

She called for diversifying the economic base by going to implement projects in the industrial and service sectors and other sectors due to the Iraqi market’s need and the existence of the ingredients for successful implementation.

 

The conference was attended by a number of diplomatic missions, a representative of the United Nations, a number of governorate officials, heads of provinces investment commissions, businessmen and investors.

 

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Public Relations and Media Dept. at the National Investment Commission

  7 – August – 2021

 

Chairwoman of the National Investment Commission: Basra has the factors that make it a destination for investment

During opening a number of investment projects in Basra Governorate…

Chairwoman of the National Investment Commission: Basra has the factors that make it a destination for investment

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Chairwoman of the National Investment Commission,
SuhaDaoud Najjar, confirmed that Basra Governorate enjoys the economic factors that make it a destination for investors, as it is characterized by a strategic location, mineral wealth and great human resources, which make it a fertile land for investment, as well as its need for investment projects in various sectors.

 

She mentioned this in an expanded press conference held in Friday 6th of Aug. 2021 during opening four investment projects in the industrial sector in Basra Governorate, indicating that projects in petrochemical industry shall contribute to the employment of manpower in the city and supply Basra market in particular and the Iraqi local market in general with standard specifications industrial products.

 

She referred to the National Investment Commission support, technically and administratively to all investment commissions in the governorates to encourage investment.

Chairwoman of the National Investment Commission arrived in Basra this morning, Friday, accompanied by a high-level delegation from the Commission, where its two-day visit will witness a meeting with the heads of investment commissions in the provinces and participation in the International Investment Conference in Basra, which will be held tomorrow, Saturday.

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Public Relations and Media Dept. at the National Investment Commission

6 – August – 2021

NIC Chairwoman, Suha Dawood Najar, meets with the head of Martyres Institution, Mr. Abdul Ilah al- Naeli and the head of the Prisoners Institution, Dr. Hussein al- Sultani, on Tuesday 06.07.21 to discuss joint cooperation horizons .

NIC Chairwoman, Suha Dawood Najar, meets with the head of Martyres Institution, Mr. Abdul Ilah al- Naeli and the head of the Prisoners Institution, Dr. Hussein al- Sultani, on Tuesday 06.07.21 to discuss joint cooperation horizons .
The meeting was attended by the DG of One Stop Shop dept. and the DG assistant of the legal dept. in NIC

Chairwoman of the National Investment Commission.. New mechanisms for granting lands for investment equal to its real value

Chairwoman of the National Investment Commission.. New mechanisms for granting lands for investment equal to its real value

Chairwoman of the National Investment Commission, Suha Daoud Najjar, said that the commission is continuing its efforts and procedures related to reviewing the allocation of land to investors with all its priorities in order to identify cases of manipulation and correct the course.

She added that the presence of (850) investment projects in Iraq that is stalled or lagging reflects a huge financial waste that requires concerted efforts by all concerned institutions and the necessary firmness and will to stop this waste, adding that the mechanisms for granting land at almost free prices are also subject to review and audit as we work to determine prices Lands in proportion to their locations and their actual economic value, in which the profit margin from investments reaches 400% sometimes, as some investors (brokers and traders) resell the lands they obtained at huge prices, taking advantage of the privileges granted to them from customs exemptions and entry visas and others Thus, achieving very large profits at the expense of serving the economy and infrastructure of Iraqi society

The suspension of granting licenses in Baghdad and the governorates and subjecting them to scrutiny was one of the first measures taken by the Commission to preserve the assets and lands of the state, especially with the presence of (2300) projects in Baghdad and the governorates, of which only 300 projects have been completed, which means that there are about (1800) suspended or fictitious projects that we are working on finishing measures taken in this regard that will reflect positively on the reality of investment in Iraq.