By John Lee. The Chairman of the National Investment Commission (NIC), Dr. Sami al-Araji, has signed a strategic memorandum of cooperation with the chairman of the Korea Trade-Investment Promotion Agency (KOTRA), O Young Hu [Young Ho Oh], to increase investment and trade between the countries. During his speech, Dr al-Araji reviewed the investment opportunities available […]
By John Lee. A member of parliament belonging to the Sadr Trend party has called for the abolition of the National Investment Commission (NIC). Abdul Hussein Risan al-Husseini, of Ahrar bloc of Sadr Trend, told All Iraqi News Agency (AIN): "The Commission is useless and some Ministers and officials admitted its failure to perform. "There […]
This week marks the 150th edition of our Iraq Business News newsletter, and we are delighted to mark the occasion by bringing you a major new guide to business in Iraq. Published by Allurentis, in association with Iraq's National Investment Commission (NIC) and UK Trade & Investment (UKTI), the fourth edition in the annual New […]
By John Lee. An international consortium has received local government approval to build three new power stations in central and southern Iraq, and is now waiting on approval from the Central Government in Baghdad. They will be built by a consortium of led by Semco Maritime of Denmark, AMH Group of the United Kingdom, and […]
Iraq's State Company for Oil Projects (SCOP) will offer the construction of the Kirkuk oil refinery to international companies on a build, operate and own (BOO) basis in December 2012, according to a report from Steel Guru. The report quotes Mr Salar Ameen, deputy chairman of the National Investment Commission (NIC) as saying that "feasibility […]
Sami al-Araji, chairman of Iraq’s National Investment Commission (NIC), has told Bloomberg that Iraq will soon sign a $7 billion agreement with South Korea’s Hanwha Engineering & Construction Corporation [Hanwah] to build 100,000 housing units in the country. The commission is also due to sign a contract with the UAE-based Bloom Properties to build 40,000 […]
The National Investment Commission is pleased to announce the investment opportunity to construct a complete residential complex for the employees of the Shiite Endowments Directorate in Baghdad - Karrada district within a total area of (60) acres in accordance with the Investment law No. 13 of 2006 as amended and according to the requirements set […]
The Kuwaiti ambassador to Baghdad, Ali al-Muamman, has announced that 50 Kuwaiti companies will begin work in Iraq at the end of this month, after being informed of the investment law details by the Chairman of the National Investment Commission (NIC), Sami al-Araji, who visited Kuwait recently. "The Kuwaiti companies were afraid of entering Iraq […]
The 2013 edition of the definitive guide on doing business in Iraq, The New Iraq – Discovering Business, is underway. Produced by allurentis and in association with the National Investment Commission of Iraq and UK Trade and Investment, it provides a comprehensive framework on conducting business in Iraq and is an invaluable reference source for […]
Sami al Araji, chairman of Iraq's National Investment Commission (NIC), has told a business audience in New Delhi that his country needs $500-$700 billion in investment to rebuild its infrastructure. Araji compared the opportunities in Iraq to "Germany after the Second World War", adding, "our message to the world is that we are open for […]
The Chairman of the National Investment Commission, Sami al-Araji, has had a series of meetings in recent days with business and diplomatic representatives: met a group of Italian companies on 18th of January; met representatives of the Korean Trac company on 19th of January; met the Technical Committee of Al- Mustaqbal City on the 19th […]
Iraq's National Investment Commission (NIC) has released a 3,100-donum (775 hectare) site for development. The Al-Bathaa land starts north of the Euphrates river and ends south of the old Ur railway line; to the west the land is adjacent to the Bathaa district while close to the center of Thi Qar Province on the east. […]
