The National Investment Commission opens a new entrance to the city of Bismayah

The National Investment Commission opens a new entrance to the city of Bismayah

 

Followed-up and supervised by the Chairwoman of the National Investment Commission, Suha Daoud Najjar, the Director-General of the Public Relations and Information Department of the Commission, Mr. Haider Hamadeh, inaugurated today, Thursday, a new entrance to the city of Bismayah.

Mr. Hamada confirmed that the new entrance was implemented under the follow-up and supervision of the Chairwoman of the National Investment Commission, Suha Daoud Najjar, aiming at reducing traffic and facilitate smooth entry of residents into the complex as a first stage, leading to modern technologies to ease entry process and maintain the security situation.

During the opening ceremony, the Director General said: This entrance is one of the eight entrances to the city that NIC seeks to implement in cooperation with the authorities supporting the project, providing every necessary element to serves the city and ensure the flow of life.

He added that this entrance, 235 meters length and 50 meters width, connects the main Baghdad-Kut road to the residential city and is located between blocks (A and B). It was implemented by the South Korean company Hanwha executing the project with sidewalks on both sides of the road.

Mr. Hamada stressed that NIC, headed by Ms. Suha Najjar and her cadres, and in cooperation with other  ministries, authorities, institutions and security services, is constantly following Basmaya residential complex, and keen to provide the best for the residents, and has recently instructed to re-evaluate the service situation, following a series of measures to provide the best services to its people, stressing the importance of the cooperation of ministries, agencies and security authorities with NIC in order to provide the required services to the residents of Basmaya.

===========

Public Relations and Information Dept. at the National Investment Commission

30 – December – 2021

 

Suha Dawood Najar: the Withdrawal of dilatory projects licenses is part of Reevaluating investment process in Iraq

Suha Dawood Najar: the Withdrawal of dilatory projects licenses is part of Reevaluating investment process in Iraq

NIC Chairwoman confirmed withdrawing more than 40 Investment licenses in several provinces in various economic fields because of the delay in achieving these projects. She added that NIC is currently about collecting the remaining PICs attitudes to take the decision of withdrawing the dilatory projects licenses in their provinces.

Najar also clarified that the companies who lose licenses shall be subjects to the provision 28 from the Investment law no. 13 for the year 2006 as amended, and according to this provision the company shall receive a preliminary warning followed by a final one to eliminate the violation and in the end withdrawing the license. After the withdrawal the project shall be announced as a new investment opportunity to attract new reliable company to achieve the needed end.

 

PR and Media Department in the National Investment commission

December. 22.21

NIC Chairwoman meets the Head of Martyrs Institution  

NIC Chairwoman meets the Head of Martyrs Institution  

NIC Chairwoman, Suha Dawood Najar, met on Tuesday 21st of December.21 with the Head of the Martyrs Institution, Mr. Abdul Ilah al- Naeili, and the accompanying deputation.

She assured during the meeting the full care and help NIC is giving to the martyrs families to pay back a small part of their sacrifices to our homeland peace and safety.

Also the Head of the Martyrs Institution praised NIC role and the services they are providing to martyrs families by easing administrative procedures regarding their paper works.

Both sides discussed mutual cooperation between them.

PR and Media Department in the National Investment commission

December. 22.21

NIC Chairwoman, Suha Dawood Najar: We support all international efforts and agreements for protecting environment

NIC Chairwoman, Suha Dawood Najar: We support all international efforts and agreements for protecting environment

NIC in coordination with the Ministry of Environment/ the National Center for OZON a workshop regarding (OZON depleting materials alternatives and their effect on global warming) on Sunday.19.12.21 at the NIC premises.

NIC Chairwoman, Suha Dawood Najar, opened the workshop works welcoming the attendees from concerned sides in provincial Investment Commissions, Ministry of Environment and University of Technology. Najar stressed during the session the importance of

informing decision makers about conditions to be taken into consideration, in running devices and industries that emit the gases which cause depleting this layer found to protect environment, in a way that comply with the international agreements seeking environment protection.

The workshop included submitting detailed lectures by Dr. Shadha Kadhum Khalaf- head of the National Center for OZON,  Dr. Ahmed Abed Muhammed- consultant in the University of Technology and the Chief Engineer – Muamer Rashad Jabar from the National Center for OZON. The workshop works presented an introductional brief of the OZON layer and highlighting the most prominent risks and side effects resulting from losing control on certain gases emissions.

The workshop also witnessed a number of questions and discussions that were answered by the concerned team.

The workshop was attended by the DG of the Administration & finance department and the DG of the One Stop Shop in NIC.

PR and Media Department

19.12.21

NIC Chairwoman: We are continuing in withdrawing investment licenses of dilatory projects

NIC Chairwoman: We are continuing in withdrawing investment licenses of dilatory projects

The decision of withdrawing investment licenses contributed in differentiating the serious investor from the dilatory one

 

NIC Chairwoman, Suha Dawood Najar, assured that NIC is continuing its procedures of withdrawing investment licenses of dilatory projects whose achievement rates varies between 0-35% in accordance with the directives of the Prime Minister during his visit to the NIC premises last April.

Najar clarified that NIC keeps studying these projects according to specialized committees to stand on each project details and reasons behind its delay, and this process goes in coordination between NIC and Provincial Investment Commissions.

NIC Chairwoman assured that this decision has widely contributed to differentiating serious investor from the dilatory one who misused the essential investment tools represented by tax exemptions, fees cuts, entry visas granting and other facilitations  in a way that participated in disrupting investment process in Iraq.

Worth mentioning that Nineveh Province comes at the top of the list by withdrawing 22 investment licenses in various economic fields while 8 licenses were withdrawn in Najaf province, whereas Basra province is studying withdrawing 16 licenses and other provinces are still studying the cases.

PR and Media Dept.

19.12.21

 

Najar: NIC seeks granting investment opportunities for reliable companies to revive the Marshes area

 

NIC Chairwoman, Suha Dawood najar, stresses NIC insistence on reviving the Marshes area

Najar: NIC seeks granting investment opportunities for reliable companies to revive the Marshes area

NIC Chairwoman, Suha Dawood Najar, stressed NIC insistence on reviving the Marshes area to be ready for receiving tourists through granting investment opportunities for reliable companies ready to achieve the meant goal.

This came during her excellency presiding a meeting with  DG of the Marshes and wet lands reviving Center that is related to the Ministry of Water Resources, Mr. Hussein Ali Hussein and the accompanying deputation.

The assemblers discussed the possibility of constructing projects in the Marshes area aiming at reviving tourism in this area whereas NIC Chairwoman required the deputation to provide NIC with the measures and restrictions requested to construct investment projects in the Marshes area that comply with the UNSCO regulations.

PR and Media Department of the National Investment Commission

16.Dec. 2021

 

 

 

NIC Chair Woman, Suha Dawood Najar, meets with H. E. Ambassador of India Republic to Baghdad

NIC Chair Woman, Suha Dawood Najar, meets with H. E. Ambassador of India Republic to Baghdad

NIC Chairwoman, Suha Dawood Najar, met on Monday 13. Dec.21 wit H. E Ambassador of India Republic to Baghdad, Mr. Brashant Besay.

During the meeting the two discussed a number of issues of the common interests and the means of developing the mutual relations between the two countries in investment and economic fields; they also discussed the possibility of raising the size of Indian investments in Iraq and benefiting from the available investment opportunities in the various fields.

Investment Opportunity/ Constructing Tulaiha Future Rest station in Anbar Province

National Investment Commission

Investment opportunity- First Announcement

Constructing Tulaiha Future Rest station in Anbar Province

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

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

NIC and the Ministry of Construction & Housing  are pleased to announce the investment opportunity of (Constructing Tulaiha Future Rest station in Anbar 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 technical , legal and evaluation measures profile laid by the Ministry of construction and Housing  please visit NIC premises / One Stop Shop dept. located in the International Zone/ near the Turkish Embassy or the Ministry of Construction and housing premises/ Roads and Bridges dept.

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)

 

 

Chairwoman of the National Investment Commission chairs the meeting of the Special Committee for the Rafael City Project.

Chairwoman of the National Investment Commission chairs the meeting of the Special Committee for the Rafael City Project.

Najjar: The National Investment Commission has embarked the establishment of this promising project, based on plans to solve the housing issue.

Najjar: Our goal is to create a modern city that keeps pace with development in the region and the world and a model for other cities in Iraq and the region.

During the meeting, it was decided to launch investment opportunities for the Rafael project during the next few days, after the completion of the first and second phases of the engineering survey of the city’s lands.

Chairwoman of the National Investment Commission, Mrs. Suha Daoud Najjar, chaired the meeting of the Special Committee for the Rafael City Project.

The meeting witnessed a discussion of launching investment opportunities in the city of Rafael, and measures taken to ensure implementation according to international standards.

Najjar confirmed that the National Investment Commission has embarked on the establishment of this promising project, based on its plans to provide solutions to the housing problem, aiming at establishing a modern city that keeps pace with the development in the region and the world, and makes it a model for cities in Iraq and the region.

NIC Chairwoman indicated that the committees from NIC and other ministries, authorities and departments are working day and night in order to overcome obstacles to start executive work and offer transparent investment opportunities.

During the meeting, it was decided to launch investment opportunities for Rafael project during the next few days, after completing both of the first and second phases of the engineering survey to the lands of the Rafael residential city project.

Public Relations and Media Dept.

The National Investment Commission

4th Nov. 2021

 

 

Chairwoman of the National Investment Commission, Suha Najjar participates in World Manufacturing forum in Italy

  • Chairwoman of the National Investment Commission, Suha Najjar participates in World Manufacturing forum in Italy

  • Najjar, during her speech at the forum: Despite all challenges, Iraq is proceeding with steady and sound steps towards recovery and approaching the future with an open mind targeting successful experiences.

  • Najjar: Iraq has non- oil economic resources which can be invested in various industries.

  • The forum invites Iraq to join the participating countries to maximize investment and industrial cooperation with them.

======================================

Chairwoman of the National Investment Commission, Mrs. Suha Daoud Najjar, participated in the World Manufacturing forum, held in the Italian city of Cernobbio / Como, at an official invitation of the World Manufacturing Foundation and the United Nations Industrial Development Organization (UNIDO).

She confirmed in her speech that Iraq, despite all difficulties, is proceeding with steady and sound steps towards recovery and approaching the future with an open mind targeting successful experiences and partnerships that boosts development in all sectors specially the manufacturing one.

Najjar indicated that Iraq owns non-oil economic resources which can be invested in various industries. Also, the Chairwoman of National Investment Commission invited all official bodies, companies and investors specialized in the industrial sector to consider expanding cooperation with Iraq.

Najjar called on specialized companies to visit Iraq, stressing the readiness of the commission, the Iraqi state institutions and concerned ministries to provide all facilities required for the job, and to build partnerships with the Iraqi public and private sector for the reconstruction of its various sectors, as well as its interest in cooperation to gain access to modern and advanced knowledge and mechanisms in managing and supporting projects, developing skills, empowering workers, creating the appropriate environment for job opportunities, developing national production and improving services quality.

At the end of the forum, Iraq was invited to join the countries participating in the forum; In order to expand cooperation with these countries in the industrial and investment field. Her Excellency Mrs. Safia Al-Suhail, Ambassador of Iraq to Italy, participated in the forum’s works.

It is worth mentioning that the United Nations Industrial Development Organization is a specialized agency of the United Nations, headquartered in Vienna – Austria. The main objective of the organization is to promote and accelerate industrial development in the developing countries and countries with economies in transition, and to enhance international industrial cooperation.