Latest news with #HaiderMohammedMakia
Iraq Business
15-05-2025
- Business
- Iraq Business
Iraq Investment Forum: Over 130 Investment Opportunities
By John Lee. The National Investment Commission (NIC) has announced that over 130 fully approved investment opportunities will be presented at the Iraq Investment Forum , set to take place in mid-June in Baghdad. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] described the forum as a strategic platform for economic transformation, aimed at attracting international investors to Iraq. The forum will showcase opportunities across key sectors including energy, oil and gas, heavy and medium industries, industrial cities, free zones, agriculture, healthcare, housing, tourism, transport, and sports. Investors will benefit from a range of incentives, including year-long multi-entry visas. The event is supported by the Iraqi Economic Council and local investment authorities, with Vice Chairman Ali Rzouki [Razzouqi] emphasizing the goal of forming genuine partnerships between Iraqi and foreign private sectors. (Source: National Investment Commission)
Iraq Business
23-04-2025
- Business
- Iraq Business
Al-Bilal Group signs Investment Licences for 525 MW Solar Projects
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makia [Makiyya], has announced the signing of two investment licences with Al-Bilal Group for General Contracting Ltd. to develop solar power plants in Karbala and Babil provinces, with a combined capacity of 525 megawatts. The projects will include a 225-MW plant in Alexandria (Iskandariya), Babil, and a 300-MW plant in Karbala. Partial operation is expected to begin by mid-June this year with 75 MW, while the remaining capacity will follow after financial closure is secured by the investor and the funding bank. In July 2023, the Iraqi Cabinet approved a reduction in the power purchase tariff for these two projects from $40.7/MW-hour to $39.5/MW-hour. (Source: NIC)
Iraq Business
13-03-2025
- Business
- Iraq Business
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)
