The chairman of the South Oil Company (SOC), Mr. Dhiaa Al- Mousawi, visited Basra Investment Commission (BIC) last week and met its new chairman Mr. Khalaf Al- Badran. They discussed the possible means of creating joint cooperation in order to reactivate the investment opportunities in a step to develop investment in Basra. The chairman of […]
The new chairman of Basra Investment Commission (BIC), Mr. Khalaf Lafta Athafa Al- Badran, began his duties on Tuesday morning. He met the deputy-chairman of BIC, Eng. Haider Ali Fadhil, and reviewed the works of BIC and the main obstacles facing it. He also met the heads of BIC Departments and discussed the administrative structure […]
The governor of Basra has laid the foundation stone for a new 120-room hotel in the city. The new hotel, which will have 7 floors and will include two restaurants, will be built at a cost of $14 million [17 billion Iraqi dinars] on a site covering 3.5 acres. According to the Basra Investment Commission, […]
Iraqi Media reports that a British company called 'Mayfair' has proposed a $300 million housing project to Basra Investment Commission. Other sources suggest that the company is in fact the Indian-based Mayfair Housing. Head of the BIC Haider Ali Fadel reportedly said the project would be funded by the World Bank. The project includes the […]
A joint meeting was held on Wednesday between the American Chamber of Commerce and Basra's Investment Commission (BIC). Ninety-six American companies representing various sectors were in attendance to investigate investment opportunities in the province. The head of Basra's Investment Commission, Haidar Ali Fadhil, told Aswat al-Iraq that he outlined the investment opportunities for the American […]
Basra's Investment Commission (BIC) announced on Sunday that the Kuwaiti Bukhamseen Group [Bukhamsin] visited its premises to show engineering designs for a number of projects, and to learn about possible future investment projects in the province. Director of the Commission, Haidar Ali Fadhil, told Aswat al-Iraq that the delegation proposed a palm tree plantation, concrete […]
The head of the Basra Investment Commission, Eng.Haidar Ali Fadhil, has announced details of the Faw [Fao] power station: The station will have a capacity of 50 megawatts; The project shall be open for investment companies; Interested companies are required to visit the BIC offices by 12th June; The power station is intended to use […]
The Basra Investment Commission has announced that it has granted 19 approvals for investment projects valued at $174m [204 billion Iraqi dinars]. The projects are in the areas of industry, trade, agriculture and tourism. In a statement issued by the commission, Eng. Haidar Ali Fadhil said that these approvals will create hundreds of jobs, and […]
A delegation from the German company Liebherr visited the Basra Investment Commission (BIC) and discussed available investment opportunities and advantages provided by the Iraqi Investment Law to the investor, in addition to the support for the industrial projects in Basra. The delegation presented a project to build a maintenance center, training center, laboratory and factory, […]
A bid from an Emirati company to invest in one of Basra’s oil refineries to boost domestic production has won the support of the Basra Investment Commission. Haider Ali Fadel, chairman of the Commission, told AKnews on Monday that the Bin Khalid Group’s bid to increase the refinery’s production capacity to around 300,000 barrels per […]
The Basra Investment Commission announced that it has received an offer to build 5,280 housing units in the “New Basra” City at a cost of $939 million [1100 billion Iraqi dinars]. The offer came from the al-Saqr al-Jareh [al-Saqar al-Jareh] company, whose director general, Sarah Hameed Meran, said, "The project plan includes the construction of […]
The legal department of the Basra Investment Commission (BIC) is carrying out the final study of the bottled water project. The head of the department, Mohammed Rhyad Hilal (pictured), said that the project submitted by the international company Everest Seven, includes the construction of a plant producing bottled water sterilized by ozone. The production capacity […]
