By John Lee. Iraq's National Investment Commission (NIC) hosted a high-level delegation from China's Shanghai Environment Company [Shanghai SUS Environment] to discuss investment contract requirements for Iraq's first waste-to-energy power plant. The company, which holds the investment license for the project, aims to develop a high-efficiency incineration plant that will generate up to 100 MW […]
By John Lee. Iraq's National Investment Commission (NIC) held a meeting on Monday with a delegation from the International Finance Corporation (IFC), part of the World Bank Group, to discuss joint cooperation in: Technical advisory services, Project financing support, Business environment improvement, and Capacity-building through training and workshops. NIC's Director General of Relations and Media, […]
By John Lee. The Iraqi Council of Ministers has approved the Waste-to-Energy Power Generation Project in Nahrawan, Baghdad, awarding it to the Chinese company Shanghai SUS Environment. The project will have a two-year construction period and a 25-year investment term. The National Investment Commission (NIC) will issue the investment licence and finalise the contract. The […]
By John Lee. Prime Minister Mohammed S. Al-Sudani presided over a meeting of the Higher Committee for the New Sadr City Project, focusing on advancing infrastructure and housing initiatives for this major urban development. Key Decisions and Updates: Progress on Phase One Reviewed advancements in awarding contracts for infrastructure projects. Phase One comprises 11,000 housing […]
By John Lee. The Iraqi Cabinet has approved a high-efficiency waste-to-energy power plant project in Baghdad. The plant, employing advanced incineration technology, will be developed by China's Shanghai SUS Environment Co. Ltd. on a designated plot in Nahrawan District. The National Investment Commission (NIC) has been authorised to issue the investment license and sign the […]
By John Lee. Iraq's National Investment Commission (NIC) Chairman, Dr. Haider Mohammed Makiyya, announced the signing of the Investment Protection and Promotion Agreement with Saudi Arabia on November 24, 2024. The agreement, finalized ahead of the 28th World Investment Conference in Riyadh, aims to create a secure environment for Saudi investors in Iraq, supported by […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, held a meeting with Adham Al-Fakhar, Chairman of the Iraqi-French Business Council, and its members to discuss promising strategic investment projects. Dr. Makiyya emphasized the NIC's commitment to advancing a forward-looking investment policy that prioritizes innovative projects to strengthen Iraq's […]
By John Lee. Iraq's Commission of Integrity has announced a court ruling sentencing Suha Dawood Elias Al-Najjar, former Chair of the National Investment Commission (NIC), to seven years in prison. The charges relate to alleged unlawful wealth accumulation and illicit gains. The Central Anti-Corruption Criminal Court issued the verdict in absentia, finding Al-Najjar guilty of […]
By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, has announced the signing of a pivotal addendum to the contract for the Bismaya Residential City project. The agreement focuses on: Implementing Infrastructure and Social Services: Ensuring essential facilities and public services in the city. Completing 70,560 Housing Units: Resuming […]
By John Lee. Iraq's National Investment Commission (NIC), in collaboration with the Ministry of Construction, Housing, and Public Municipalities, invites investment proposals for: the new Peace City in Najaf Governorate This project spans 3,912 dunams and offers four investment opportunities of equal area. Interested investors must purchase the investment portfolio for 30 million Iraqi dinars […]
By John Lee. Iraq's National Investment Commission (NIC), in collaboration with the Ministry of Construction, Housing, and Public Municipalities, invites investment proposals for: the new Al-Mutanabbi City in Wasit Governorate This project spans 5,000 dunams and offers five investment opportunities (5x 1000 donums). Interested investors must purchase the investment portfolio for 30 million Iraqi dinars […]
By John Lee. Iraq's National Investment Commission (NIC), in collaboration with the Ministry of Construction, Housing, and Public Municipalities, invites investment proposals for: the new Ur City in Dhi Qar Governorate This project spans 4,000 dunams and offers four investment opportunities (4x 1000 donums). Interested investors must purchase the investment portfolio for 30 million Iraqi […]
