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

NIC Chairwoman: PM’s Decision of Withdrawing investment Licenses from uncommitted investors is Fair for real serious investor

According to Prime Minister’s directives of withdrawing investment licenses from uncommitted investors 

NIC Chairwoman: the Decision is Fair for real serious investor

NIC Chairwoman, Suha Najar, assured that the decision of withdrawing investment licenses from investors of projects with achievement rates less than 35% is absolutely just and fair for the serious investors because it could enhance positive reaction on both sides of the investment equation.

She added that the state departments concerned with investment in Iraq now are fully aware that any mistake in using fundamental investment tools as tax breaks which revenues can compete with the national industry, the wrong exploitation of the national lands or granting irrelevant entry visas that can cause disruption and increasing of Iraqi unemployment rate, collectively can contribute to crippling and deteriorating of the Iraqi Investment process.

The positive reactions to the decision helped distinguishing the serious investor who encounters real obstacles and the false one who exploit and disrupt important promising projects for the Iraqi economy.

Najar expressed her optimism assuring that the forthcoming phase shall witness resuming a number of the disrupted projects and re announcement of others especially in housing sector.

 

 

Turning to the Electronic government

Turning to the Electronic government

NIC Chairwoman, Suha Dawood Najar, pleasantly announced the launching of the electronic gate for receiving investment applications through the NIC official website (www.investpromo.gov.iq) starting from Wednesday 21.04.2021.

The gate shall provide investors with a number of privileges after creating their own accounts, the privileges shall include the ability to apply and disclose all required documents electronically and following the applications status up to find out if they were approved, denied or still under study.

Najar also added that this direction had been developed to minimize bureaucratic measures and to lower the possibility of delay or blackmailing in a way that contribute to creating attractive investment environment.

NIC Chairwoman, Suha Dawood Najar, receives the Ambassador of Turkey to Baghdad on Sunday Feb. 07.21 and discusses means of potential cooperation between the two countries with over viewing a number of available investment opportunities in various sectors of mutual interest. 

NIC Chairwoman, Suha Dawood Najar, receives the Ambassador of Turkey to Baghdad on Sunday Feb. 07.21 and discusses means of potential cooperation between the two countries with over viewing a number of available investment opportunities in various sectors of mutual interest.

NIC presides the first meeting to establish the National Company for Real Estate development

Responding to the Prime Minister’s directives

NIC presides the first meeting to establish the National Company for Real Estate development

The first meeting of the Committee in charge of establishing the National Company for Real Estate development was held at the NIC premises, presided by Suha Dawood Najar, Head of NIC, on Monday 01.02.21 and attended by the prime minister’s advisors (Dr. Sabah abdul latif,

Dr. Ibrahim al- Zubaidi, the Technical Manager of Baghdad Municipality, Head of State properties department and the head of the Industrial bank)

NIC Chairwoman assured during the meeting that this committee shall work on laying down the studies of establishing the company and the legal and financial steps required to set out, referring that the company shall be categorized as a mixed sector one distributed as 50% for the public sector, 25% for the private sector and the remaining 25% shall be sold as shares for Iraqi citizens.

Najar expressed that the final goal out of establishing this company is to develop the real estate sector all over Iraq in addition to solve the housing crisis through starting housing projects according to developed visions and modern doctrines that depend on cooperation between the public and the private sectors, referring that this step comes within a series of others that shall be taken by Iraqi government to achieve sustainable development.