Aiming at Reinforcing cooperation with Ministries in Investment Field
NIC Continues Cooperation with the Ministries of Health and Industry to
Rehabilitate a Number of their Companies through Investment
NIC assured continuing cooperation and coordination with the Ministries aiming at defining investment opportunities in all ministries in order to be listed within Iraq Investment Map which NIC is keen to complete its updating soon in coordination with the concerned sides.
An NIC reliable source said that the Ministry of Industry & Minerals is one of the ministries that are seeking to rehabilitate their companies through investment aiming at reactivating the Iraqi industrial sector, MIM presented some of investment files for some of its companies some of which had already been rewarded for investors when NIC role was represented by attracting international companies and presenting the available investment opportunities with ensuring direct meetings between the two sides as a prelude to creating economic partnerships.
The NIC source also added that the commission is coordinating with MIM to present another set of investment files of the ministry companies within the updated investment map for Iraq, benefiting from the law of the General Economic Reform which had been approved by the Council of Ministers in the beginning of this year which will regulate the process of entering foreign investors in strategic partnerships with the public sector to rehabilitate the state enterprises clarifying that the industrial companies which are to be listed within the investment map as new investment opportunities will represent several sectors like (Chemical and Petrochemical, Constructional, Textile, Food and Medicine).
In regards of cooperation with the ministry of Health, the source said that NIC had formed a joint committee with the Ministry of Health to discuss investment opportunities in this sector and the possibility of implementing investment projects by well known international companies adding that the committee directed the provincial investment commissions to provide NIC with the available investment opportunities in the health sector in order to be classified according to each province need with preparing the legal frameworks for partnerships between the Ministry of Health and investor in the state companies announced for investment.
Ministry of Health also seeks to implement a number of new investment projects in Baghdad and provinces represented by constructing specialized general hospitals, pharmaceutical factories, multipurpose laboratories and developed diagnosis centers.