Building on the momentum created by the Gulf Cup, the Iraq Britain Business Council (IBBC) Managing Director, Christophe Michels visited Kuwait and Basrah to discuss the strengthening of business partnership between Kuwaiti and Basrawi businesses. Joined by IBBC Founder Member, Sara Akbar, meetings were held with the Kuwaiti Chamber of Commerce, the Iraqi Ambassador to […]
By John Lee. The First International Conference for Investment has been held in Basra, in the presence and participation of the Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar [Suha Dawud Elias Al-Najjar], under the slogan (For Basra, where the future is made). In her speech at the opening of the conference, she […]
By John Lee. The Basra Investment Commission has reportedly approved a number of projects including the construction of a 25-storey hotel and a shopping mall. According to a report from Zawya, Commission Chairman Ali Gasib said the luxury hotel would be located near the Shatt Al Arab river, while the shopping facility would be situated […]
By John Lee. the Basra Iron & Steel Company (BISCO) has reportedly put its new rebar mill investment on hold due to regional political issues. A decision on further progress is expected to be taken after talks with the Basra Investment Commission (BIC) later in September. ArabSteel reports that BISCO, an investment by Isa Unal, […]
By John Lee. A Pakistani company identified as "Alkitan" has said it will build a new cement plant in Basra. Company director Shakir Ali told the Basra Investment Commission that they wanted to set up there "due to the abundant natural resources and investment opportunities". He added that the plant will be built on a […]
By John Lee. The Basra Investment Commission has announced that the Industry Ministry signed a contract with the Turkish company UB Holding to rehabilitate iron and steel factories at a cost of $700 million. According to Aswat al-Iraq, the head of the commission said that the contract includes adding new production lines and increases annual […]
By John Lee. A group of Iranian companies has announced its intention to invest in the industrial and oil sectors in Basra. The Basra Investment Commission says that $310 million dollars will be invested. The Iranian group's representative, Hussein Binae, siad the group will spend $60 million on a factory to make cables and electric […]
By John Lee. The Basra Investment Commission has licensed a cement factory in Umm Qasr, according to a report from Aswat al-Iraq. The $26-million project will have a production capacity of 3,000 tons of cement per day. (Source: Aswat al-Iraq)
By John Lee. Basra Investment Commission has published a new guide for investors, covering such areas as opportunities, taxes, and how to get a visa. The quality of the English translation is rather poor, but it is still reasonably understandable. You can download the guide here.
By John Lee. Basra Investment Commission (BIC) has granted an investment licence for a $162-million tourism project in central Basra. Khalaf al-Badran (pictured), Chairman of the BIC, said: "The license for the 'Basra Times Square' project was granted to Dier Company for Contracts ... This project will achieve great benefit and will be a remarkable […]
Basra will soon become the scene of multi-billion dollar construction projects to be implemented by major foreign firms, according to a statement issued by Basra Investment Commission. According to a report from Azzaman, most of these projects will be in the city of Basra, giving it more than 70,000 new, modern apartments for low-income groups, […]
A high-profile Dutch business delegation, led by Dutch charge d' affaires Lars Tomers, visited the headquarters of Basra Investment Commission on Friday to discuss the investment plan in Basra and the possibilities for Dutch companies. They agreed to hold another meeting in June, according to Aswat al-Iraq. Meanwhile, AKnews reports that a 25-member business and […]
