Tag Archives | National Investment Commission (NIC)

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 […]

Major Housing Projects planned for 2021

By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar, has said that the coming year will see investment opportunities in each Iraqi province, similar to the Bismaya City housing project in Baghdad. She made the announcement at a recent meeting with the heads of the provincial investment commissions of Kerbala, […]

NIC plans to Revitalize Stalled Projects in Iraq

By John Lee. Iraq's National Investment Commission (NIC) has announced that it has prepared a plan to revitalize stalled projects. NIC Chairman, Suha Dawood Najar (pictured), said: "NIC have prepared a plan to revitalize the investment process all over the country in all sectors through activating the lurking and halted projects and reshaping them financially […]

NIC's New Chair visits Wasit, Kerbala

By John Lee. The new Chair of Iraq's National Investment Commission (NIC) has been visiting investment opportunites throughout the country. During a visit to Wasit Province, Suha Dawood Najar [Suha Dawud Elias Al-Najjar] (pictured) said that Iraqi investors hae the financial and professional capacity to gear up with the Iraqi economy, especially if partnered and […]

Details of PM's New Appointments to Key Institutions

By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Kadhimi's Rolling Reshuffle (Part 2): Protecting Iraq's Economic Institutions and Borders On September 14, Baghdad announced a range of strategic leadership appointments for institutions tasked […]

New Investment Opportunities in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Construction of a Hospital Construction of a Fuel Station (Source: National Investment Commission)