Aiming at Establishing Internationally competing Shopping Centers
NIC Participates in the Works of the Investment conference for Iraqi Shopping Centers and Fairs
Ministry of Trade in cooperation with NIC held the first investment conference to announce investment in Iraqi shopping centers and fairs within its investment plan for 2011 according to investment law No. 13 for 2006.
Minister of Trade, Dr. Kherallah Hasan Babker and in his speech during the conference, he assured that investment is considered one of the most important factors that can revive economy adding that the Ministry was keen to open doors for investments and attract capitals with planning a policy for economic reform aiming at following the market policy and achieve the goal of partnering with the private sector and support investment in the fairs and shopping centers.
NIC Vice Chairman, Mr. Salar Muhammed Ameen in his turn and through his speech in the conference, called for specialized Iraqi, Arab and Foreign companies to invest in Iraqi shopping centers and fairs and change them into internationally styled ones.
He also added that NIC is always working to create various investment opportunities in different sectors through applying provisions of Investment law No. 13 for 2006 and its amendments which guarantee all facilities and incentives for investors.
Deputy Minister of Trade, Ms. Suwaiba Zangana submitted a detailed presentation of the investment opportunities announced which included several shopping centers in addition to Baghdad International Fair building where the Ministry wish to build new modern exhibition centers, five stars hotels and shopping malls to be constructed according to modern international specifications.
Ms. Suwaiba clarified that the Ministry will allow investors to present their offers within two months from the date of announcing these opportunities in order to submit their commercial and technical offers and the Ministry in turn will select the best offers according to negotiations and contracting mechanisms and restrictions adopted.