Tag Archives | new cities

NIC holds Meeting for Energy Services Economic Cities

By John Lee. Iraq's National Investment Commission (NIC) has held a preparatory meeting for the Energy Services Economic Cities Initiative, aimed at supporting local economic diversification and attracting foreign investment in the energy sector. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] emphasised that these specialised cities will serve as hubs for global and local companies […]

Iraq to create Industrial City dedicated to Small Businesses

By John Lee. The Prime Minister of Iraq has directed the allocation of land for the creation of an industrial city dedicated to small businesses, particularly those supported under Riyada Initiative [Iraqi Riyada Network for Access Development and Advancement, IRADA Network]. Mohammed S. Al-Sudani said that, to date, the initiative has granted loans to around […]

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 […]

Iraq Approves Creation of New City

By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction on Wednesday, during which investment projects across economic and developmental sectors were reviewed. The committee approved several investment and reconstruction projects, including housing initiatives for various social groups and industrial and service projects. Approval was […]

Iraq Attracts $100bn in Investments; $5bn Deal with Elsewedy Electric

By John Lee. Iraq's government has successfully attracted $100 billion in investments over the past two years, according to Mohammed Al-Najjar, advisor to the Prime Minister for Investment and head of the Iraq Development Fund. He told the state-run Iraqi News Agency (INA) that a $5 billion agreement was signed recently with Egypt's Elsewedy Electric […]

Iraq and Qatar sign Major Commercial Agreements

By John Lee. Iraq and Qatar have solidified their bilateral relations through the signing of several agreements and memorandums of cooperation. Prime Minister Mohamed Shia Al-Sudani and the Emir of Qatar oversaw the signing ceremony, emphasizing comprehensive cooperation in politics, economy, energy, and investment. A joint declaration of intent was signed, paving the way for […]