Tag Archives | National Investment Commission (NIC)

Iraq, UAE agree to Investment Promotion and Protection

As part of its endeavours to strengthen and activate means of economic and investment cooperation with various countries of the world, the UAE, represented by the Ministry of Finance (MoF), signed an agreement to promote and protect mutual investments with Iraq. The agreement, which was signed today morning at the ministry's headquarters in Abu Dhabi, […]

Iraq, UAE sign Contract to build 5 Solar Power Stations

By John Lee. Prime Minister Mustafa Al-Kazemi attended a signing ceremony on Wednesday for the construction of five new solar power stations by Masdar (Abu Dhabi Future Energy Company). This covers the first phase of the project, covering 1,000 megawatts of power out of a planned total capacity 2,000 megawatts. The signing ceremony was attended […]

TotalEnergies signs $10bn New Deals in Iraq

TotalEnergies, the Iraqi Ministries for oil and electricity, and the country's National Investment Commission (NIC) have signed, in the presence of the Prime Minister of Iraq, major agreements covering several projects in the Basra region, designed to enhance the development of Iraq's natural resources to improve the country's electricity supply. Iraq, a country rich in […]

NIC may Compensate Investors who suffered due to ISIS Terrorism

By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has confirmed that the NIC is studying compensating investors who are still continuing their investment projects despite suspension for four years due to ISIS terrorist gangs. She indicated that the study includes submitting a proposal to the Council of Ministers and […]

Rafael City Project to be "an Urban Revolution"

By John Lee. The Chairwoman of Iraq's National Investment Commission (NIC), Suha Daoud Najjar (pictured), has said that the new Rafael City project in Baghdad will change the direction of investment and reconstruction in Iraq, describing it as "an urban revolution by all modern standards of construction and designs." She added that the vast majority […]

Conference on Investment in Basra

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 […]

Masdar to Develop Solar Projects in Iraq

By John Lee. Masdar, a subsidiary of the Abu Dhabi-based  Mubadala Investment Company, has signed a strategic agreement to develop 2,000 MW of solar photovoltaic (PV) projects in Iraq. Heads of Agreement (HOA) were signed at a virtual ceremony by His Excellency Majid A. Hantosh, Minister of Electricity, the Republic of Iraq, Her Excellency Suha […]

NIC launches Online Portal for Investors

By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar (pictured), has launched the NIC's new online portal for receiving investment applications. The new service went live on the NIC's website -- www.investpromo.gov.iq -- on Wednesday. It will allow investors to create their own accounts, make applications and submit all required […]

Iraqi PM orders Cancellation of Overdue Projects

By John Lee. Prime Minister Mustafa Al-Kadhimi visited the head office of the National Investment Commission (NIC) on Wednesday and was briefed on the progress and obstacles facing investment in Iraq. According to a statement following the visit, the PM directed the cancellation of all licenses for investment projects whose completion rate is between 0 […]

Iraqi Cabinet approves New "Alternative Energy" Power Plants

By John Lee. The Iraqi Cabinet has agreed to approve a recommendation from the National Investment Commission (NIC) for the Ministry of Electricity to proceed with an investment project for the construction of seven "alternative energy" power plants. The new power stations are to be built in Karbala, Wasit, Babylon, and Al-Muthanna provinces. (Source: Govt […]