By John Lee. The National Investment Commission (NIC) held a workshop in Baghdad the week under the title "Security and Investment: Integration of Roles Towards an Attractive Capital Environment", in cooperation with the Security Media Cell (SMC). The event was attended by NIC Chairman Dr Haider Mohammed Makiyya, Security Media Cell Head Lt. Gen. Dr […]
By John Lee. The National Investment Commission (NIC) has granted the investment licence for the Baghdad Hills project, one of the largest residential, recreational, and commercial developments in the capital. Located in the Al-Rafeel area of Baghdad, the project will feature 6,333 apartments distributed across 50 towers of 19 floors each, alongside 2,300 standalone villas. […]
By John Lee. The National Investment Commission (NIC) has hosted a high-level meeting with an Omani delegation to discuss the establishment of advanced international data centres and the transit of fibre optic cables in Iraq under an investment model. The meeting, chaired by NIC Chairman Dr Haider Mohammed Makiyya, was attended by Oman's Ambassador to […]
By John Lee. The National Investment Commission (NIC) has announced plans to attract up to $250 billion in investments over the next two years, as part of efforts to diversify the economy and reduce reliance on oil revenues. NIC spokesperson Hanan Jassim told the state-run Iraqi News Agency (INA) that recent government reforms and legislative […]
By John Lee. Iraq's Minister of Oil Hayan Abdul Ghani has held talks in Baghdad with Syrian Minister of Energy Mohammad Bashir, focusing on cooperation in oil, gas, and energy. Discussions covered Iraq's plans to diversify crude oil export routes amid rising production, including rehabilitating or replacing the Iraq-Syria export pipeline, which was active in […]
By John Lee. The Iraqi Cabinet has approved a series of incentives for the developers of Basra/1 and Basra/2 residential projects. For Basra/1, the developer has been exempted from the standard 10 percent deduction representing the landowner's share. The company is also authorised to sell units at open market prices. Additionally, it is permitted to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the construction of the Italian Hospital in Baghdad, located on the former site of the "Turkish Restaurant" building, as part of the "Baghdad is More Beautiful" campaign to revitalise abandoned structures for public service. The 103-bed facility will be equipped with modern medical technologies and […]
By John Lee. The National Investment Commission of Iraq has announced the start of the third round of discussions on the draft Agreement for the Encouragement and Protection of Investments between Iraq and the Czech Republic. The meetings, held in Prague on 22-23 July, follow the recent visit by Prime Minister Mohammed Shia' Al-Sudani to […]
By John Lee. The Ministerial Council for the Economy has approved a proposal by the Ministry of Trade to establish a "Global Gold City" in Baghdad - a strategic initiative aimed at localising the gold and jewellery industry in Iraq and strengthening domestic production. Trade Minister Dr. Athir Daoud Al-Ghurairi described the project as a […]
By John Lee. The National Investment Commission (NIC) has announced two 15-year investment opportunities for the management and maintenance of Bismayah Residential City, under the provisions of Investment Law No. 13 of 2006 (as amended). Each opportunity covers one of the city's residential blocks, with companies permitted to apply for one or both. The selected […]
By John Lee. The National Investment Commission (NIC), led by Dr. Haider Mohammed Makiya, has expressed deep sorrow at the passing of Dr. Sami Raouf al-Araji, the former Chairman of the Commission. In an official statement, the NIC extended its heartfelt condolences to Dr. al-Araji's family, friends, and colleagues, remembering his distinguished professional journey and […]
By John Lee. The Iraqi Cabinet has approved the allocation of part of plot (1/89, District 14, Al-Haswa), currently owned by the Ministry of Finance and designated for the Ministry of Defence, based on the Defence Ministry's actual land needs. A total of 2,400 dunams will be allocated to the Iraq Development Fund to contract […]
