Page 90 - investment-map-En-2021

83 Iraq Investment Map 2020-2021

Investment Zones in Iraq

The National Investment Commission
has started a program to prepare
mechanism and a system to establish
secured zones for investment
according to the text of (Article 9 of
the ratified amended Investment Law
no. 13/ 2006
The National Investment Commission
has formed up a strategy for the
investment zones in Iraq in
cooperation with the Investment
Program in the Middle East and North Africa of the (OECD) to determine terms and
conditions that achieve investment in the region.

The National Investment Commission is working on completing the requirement
number of major investment zones:

- Basra Investment Zone/Grant Faw port Zone, 2400 hectare, for
petrochemicals, power station and oil refinery.
- Babylon Investment Zone/ Hitteen Zone, 6000 dunum, for heavy and
medium engineering industries with several facilities and services in the site.
- Baghdad Investment Zone/ near the International Airport, for advanced
technology for scientific activities and information. Social activities,
meeting rooms, specialized courses, an electronic marketplace, skills
development center and halls for investment companies are available in
the site.
- Middle Euphrates Investment Zone/ (between the Holy province of Najaf
and the Sacred Province of Karbala) for Agricultural industries such as milk
and dairy products, fruits canning, vegetables, meat and food industries.
- Nineveh Investment Zone/, The site of the proposal either in the site of Al
Kindy Company or the site of Jaber bin Hayyan Company, for precision
engineering industries, equipment and integrated engineering systems for
medium and small projects.
- Diyala Investment Zone/ New Camp of Iraq (multipurpose, tourism)
- Anbar Investment Zone/ construction materials and glass factories

A - The importance of establishing investment areas in Iraq:
- Represents a real breakthrough for foreign companies in Iraq and
advanced technology.
- Provide greater possibility to monitor the commitment of companies
operating in them with all the controls imposed by Iraqi laws, such as
environmental conditions and work systems through the administration