NIC Increases Efforts to Facilitate Work of Investment Companies in Iraq

NIC Increases Efforts to Facilitate Work of Investment Companies in Iraq

By cooperating with the Sectoral Sides in the Iraqi Ministries
NIC Increases Efforts to Facilitate Work of Investment Companies in Iraq

NIC assured increasing efforts to provide all requirements needed for the success of investment companies that are granted investment licenses to implement a number of projects in Baghdad and other provinces, by cooperating with the concerned sides in the Iraqi Ministries and embarking on the reasons behind delaying the work of these companies and finding the right solutions for solving problems.
An NIC reliable source said that the commission is following up with the sectoral sides in the concerned ministries to obtain their opinions regarding the investment projects presented to them and which had not been approved yet to be started, periodic meetings are always held with the Ministries representatives urging them to give priority in granting approvals to the investment projects sent to them by NIC and other provincial investment commissions especially that these projects are linked to providing general services for Iraqi people and contributing to decreasing the unemployment rate in Iraq.
The NIC source also added that the commission is continuing the cooperation with Baghdad Mayoralty and provincial municipalities in order to resolve the investment projects designs submitted by investors in addition to following up land allocation issue with the concerned sides so as to get investors ready to implement their projects.
The One Stop Shop Directorate within NIC is working hard to provide the best services to investors and facilitate the procedures of granting the investment licenses through following up the licenses requirements with the NIC departments and concerned ministries without having to follow things up by investors themselves in order to minimize red tape and shorten the time needed to grant the license in addition to finalizing all procedures in one single easy accessed place with answering all enquiries regarding investment in Iraq and providing important pre investment information like (Market data, incentives, local partners) and post investment services like facilitating the process of importing equipments and raw materials needed for the project.