Tag Archives | National Investment Commission (NIC)

Former NIC Chair Sentenced over Unlawful Wealth Accumulation

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 […]

Hanwha Resumes Bismaya New City Project

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 […]

Investment Opportunity: new Peace City

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 […]

Investment Opportunity: Al-Mutanabbi New City

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 […]

Investment Opportunity: Ur New City

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 […]

Investment Opportunity: Al-Majar Al-Kabir New City

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-Majar Al-Kabir City in Maysan/Missan governorate. This project spans 2,299 dunams and offers two investment opportunities. Interested investors must purchase the investment portfolio for 30 million Iraqi dinars and review […]

Investment Opportunity: Balad New City

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 City of Balad in Salah al-Din Governorate This project spans 804 dunams and offers a single investment opportunity. Interested investors must purchase the investment portfolio for 30 million Iraqi dinars […]

Investment Opportunity: Al-Warka New City

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 development of Al-Warka New City in Al-Muthanna Governorate. This project spans 356 dunams and offers a single investment opportunity. Interested investors must purchase the investment portfolio for 30 million Iraqi dinars […]

Sustainable Development in Iraq: IFC, NIC Discuss Financing

By John Lee. Dr. Haider Mohammed Makiyya, Chairman of Iraq's National Investment Commission (NIC), announced the commission's active role in sustainable development projects, particularly in reclaiming millions of dunams of agricultural land stretching from southern Iraq to Anbar. According to an NIC statement, this initiative aims to foster partnerships with international organizations that can provide […]

Iraq Launches "Real Estate Developer Program"

By John Lee. Dr. Haider Mohammed Makiyya (pictured), Chairman of Iraq's National Investment Commission (NIC), has announced the country's first "Real Estate Developer" program aimed at providing affordable serviced residential plots for citizens, in partnership with the private sector. According to a statement from the NIC, this initiative aligns with government plans to alleviate the […]

Iraq-UAE Investment Dialogue Focuses on Technology

By John Lee. Dr. Haider Mohammed Makiyya, Chairman of Iraq's National Investment Commission (NIC), held discussions with UAE Ambassador Abdullah Matar Al Mazrouei in Baghdad, focusing on advanced technological frameworks for the "Electronic Development Route" project. This initiative includes plans for underground cables, offering a more efficient alternative to traditional undersea cables, and is being […]

Iraq grants $69bn in Investment Licences in 18 mths

By John Lee. Speaking at the "Investment Forum for Businessmen and Investors" in Babylon on October 15, the Head of Iraq's National Investment Commission (NIC) highlighted the importance of developing tailored investment maps for each province, ensuring projects meet local needs. Dr. Haider Mohammed Makiyya noted that over $69 billion in investment licenses have been […]