Investment Opportunity

Investment Opportunity

Investment Opportunity

Babylon Investment Commission is pleased to announce completing the procedures of specifying the Industrial Zone borders in Al- Kefel area to be extended on parts of the lots numbered 17/1 and 17/6 on total area of 3000 Donum according to investment law No. 13 for the year 2006, amended.

Investors are invited to invest in this zone according to the following conditions:

  • The zone is allowing all environment polluting industries of types (A, B, and C) excluding Bricks and Asphalt factories.
  • Investor is required to provide the following documents annexed to his/her filled application:

– Economic and technical feasibility study for the project

– The project technical drawings

– The investor’s official identification papers and documents

– Financial competency from an accredited bank with the project funding details

– A clear time table for completing the project phases

– Previous similar achieved projects

  • The investor shall obtain all privileges and guaranties of investment law as tax and customs exemptions, transfer of capitals, revenues and workers fees, in case the investor is a foreigner, according to the instructions of the Central Bank of Iraq.
  • Applications submitted through the email shall be accepted, providing that official documents are provided before granting the investment license.
  • For further information, please visit Babylon Investment Commission website www.bic.gov.iq or send an email to info@bic.gov.iq