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 […]
By John Lee. As part of government efforts to diversify Iraq's energy mix and reduce reliance on fossil fuels, the National Investment Commission (NIC) has awarded four major investment licences in the renewable energy sector during 2025. NIC Chairman Dr. Haider Mohammed Makkia [Makiyya] re-announced the licences on Wednesday, noting their alignment with Iraq's National […]
By John Lee. In a coordinated effort with the Ministry of Health, Iraq's National Investment Commission (NIC) has launched a pioneering initiative to equip health centres with solar power systems, marking a step toward expanding investment in critical public service sectors and accelerating the country's shift to renewable energy. The initiative was announced on Wednesday, […]
By John Lee. Iraq's National Investment Commission (NIC) has announced the postponement of the Iraq Investment Forum, which had been scheduled to take place on 14-15 June 2025. The announcement attributed the delay to "unforeseen organisational and technical reasons," but it is generally understood to be due to the rapid escalation of tensions in the […]
By John Lee. Ahead of the upcoming Iraq Investment Forum scheduled for Saturday, the Iraqi Cabinet has approved a set of legal and procedural mechanisms governing the presentation and awarding of investment opportunities. The Council of Ministers issued the following decisions: Adoption of competitive evaluation criteria in cases where multiple companies apply for the same […]
By John Lee. As part of preparations for the Iraq Investment Forum, scheduled for 14-15 June in Baghdad, the Operations Room of the National Investment Commission (NIC) held an extensive meeting to review investment opportunities submitted by the Ministries of Industry and Minerals and of Agriculture. 97 Strategic Opportunities The review covered 97 industrial investment […]
