NIC Chairman: Iraq is an Attractive Environment for Power Sector National Investment Commission (NIC) Chairman, Dr. Sami Al-Araji assured, during a word he delivered in Powering Iraq Conference held in Baghdad July.10.19 that Iraq is an attractive environment for capitals in various economic sectors and at the top stands the power sector and that investment […]
Tag Archives | Sami al Araji
NIC identifies Main Issues Hindering Investment in Iraq
By John Lee. Iraq’s National Investment Commission (NIC) has identified five main issues hindering investment in Iraq: Not applying the One Stop Shop (OSS) law as it should be applied and denying the OSS representatives the required authorities to decision making; Difficulties in allocating lands and being subject to interpretation and wishes of various bodies; […]
Tags: Adel Abdul-Mahdi, featured, National Investment Commission (NIC), One Stop Shop (OSS), Sami al Araji
Bloom Properties Win Major Karbala Development
By John Lee. Bloom Properties, the Dubai based multi sector subsidiary of National Holding, has won a major housing development in the Karbala governorate after signing an agreement with the provincial governor Amal al Deen al Hir and the Iraqi National Investment Commission. The 40,000 housing unit development will be constructed in phases over eight […]
Tags: Bloom Properties, construction, Iraq, Iraqi National Investment Commission, Karbala, Ministry of Construction & Housing, Sami al Araji
Iraq Signs Memorandum of Cooperation with S. Korea
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 […]
Tags: Bismayah, Housing, korea, Korea Trade-Investment Promotion Agency (KOTRA), National Investment Commission, NIC, Sami al Araji
Al-Araji: Iraq Needs $1 Trillion to Rebuild
By Editor on 9th November 2012 in Construction & Engineering In Iraq, Investment, Iraq Industry & Trade News, Iraq Oil & Gas News
By John Lee. Iraq needs up to $1 trillion over the next 10 years to rebuild its crumbling infrastructure and battered economy, the head of the National Investment Commission (NIC), Sami al-Araji (pictured), said at the Baghdad International Fair. “We are talking about the reconstruction of Iraq, a minimum requirement of money … is about […]
50 Kuwaiti Companies to Enter Iraq
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 […]
Iraq Seeks up to $700bn Investment in Infrastructure
By Editor on 29th February 2012 in Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
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 […]
NIC Chair has Heavy Schedule of Meetings
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 is Open, and the Opportunities are Unlimited
“The opportunities are unlimited”, Iraqi Prime Minister Nouri al-Maliki told the audience at the Chamber of Commerce in Washington on Tuesday. He was leading a high-level business delegation to the US as President Obama welcomed back some of the last of the American troops to pull out of Iraq. “Our goal is simply to make […]
Iraq and Netherlands Discuss Investments
The Chairman of Iraq’s National Investment Commission (NIC), Dr. Sami Al- Araji, confirmed during his meeting with the Netherlands Ambassador to Baghdad, the National Investment Commission’s willingness to create huge economic partnerships between Iraq and Netherlands in various sectors. Dr. Al- Araji said during the meeting that the commission is ready to grant investors willing […]
Korean Companies Committed to Iraq Housing Construction
A Korean delegation represented by the chairmen of companies specializing in the construction of housing units visited Baghdad within the framework of the NIC (National Investment Commission) One Million Housing Unit project. NIC Chairman, Dr. Sami Al- Araji, stressed the Koreans seriousness in implementing the One Million Housing Unit project, saying that the NIC had […]
$25bn Iraq Housing Deal with S. Korea
Dr. Sami Al- Araji, NIC Chairman, signed a Memorandum of Understanding in Seoul with a Korean company to build 500,000 housing units throughout Iraqi. The deal could have a possible total value of $25 billion, based on the previous information from the commission stating that each housing unit was expected to cost $50,000. Reuters reports […]