13-03-2025
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 in oil, gas, and sustainable energy services, offering integrated infrastructure, industrial zones, and advanced research centers.
Dr. Makia highlighted the initiative's role in:
Creating jobs and reducing reliance on imported energy-related industries
Localizing technology and attracting foreign and domestic investments
Supporting Iraq's Development Road Project and strengthening the private sector
The meeting, attended by NIC Vice Chairman Eng. Salar Ameen, addressed key challenges and opportunities, including investment incentives, regulatory frameworks, and economic development goals.
This initiative aligns with Iraq's national strategy to diversify the economy and enhance foreign investments, by establishing integrated economic cities that offer a modern investment environment for energy-related industries.
Representatives from the Ministry of Oil, along with senior NIC officials, participated in the discussions.
(Source: NIC)
