Latest news with #IraqInvestmentForum
Iraq Business
16-06-2025
- Business
- Iraq Business
Iraq Investment Forum Postponed
By John Lee. Iraq's National Investment Commission (NIC) has announced the postponement of the Iraq Investment Forum, which had been scheduled to take place on 14-15 June 2025. The announcement attributed the delay to "unforeseen organisational and technical reasons," but it is generally understood to be due to the rapid escalation of tensions in the region following the Israeli military strikes on Iran, and Iran's subsequent retaliation. On Friday, the Iraqi Ministry of Transport confirmed the suspension of all air traffic and the temporary closure of Iraqi airspace until further notice. A new date for the event will be announced once necessary arrangements are completed to ensure a level of organisation that reflects Iraq's investment potential and supports effective public-private sector partnerships. The Commission reaffirmed its commitment to the success of this important event and its dedication to showcasing investment opportunities across key sectors of the Iraqi economy. (Source: National Investment Commission)
Iraqi News
13-06-2025
- Business
- Iraqi News
Iraq Investment Forum postponed due to regional instability and airspace closures
Baghdad ( – The highly anticipated Iraq Investment Forum, which was scheduled to take place in Baghdad on June 14-15, has been postponed until further notice, the Iraqi Economic Council announced on Friday (June 13, 2025). In a statement, the council explained the decision was made due to the ramifications and unstable conditions currently witnessed in the region. These developments have directly affected Iraq and neighboring countries, leading to the closure of airspace and airports in several nations, including Iraq. The preparatory committee confirmed that final preparations for the forum had been fully completed, and official invitations had already been sent to guests from more than 35 Arab and foreign countries. The High Organizing Committee decided to postpone the event, with a new date to be determined and announced later. The forum was set to showcase over 140 pre-approved investment opportunities to local and international businesses.
Iraq Business
13-06-2025
- Business
- Iraq Business
Iraq sets New Guidelines for Awarding Investment Licences
By John Lee. Ahead of the upcoming Iraq Investment Forum scheduled for Saturday, the Iraqi Cabinet has approved a set of legal and procedural mechanisms governing the presentation and awarding of investment opportunities. The Council of Ministers issued the following decisions: Adoption of competitive evaluation criteria in cases where multiple companies apply for the same investment opportunity. If only one reputable company with relevant experience applies during the announcement period, the opportunity will be awarded to it. An investment opportunity will be considered announced and exempt from further advertisement if no applications are received; any subsequent applicant may complete licensing procedures in accordance with the law. Authorisation of the National Investment Commission (NIC) and all provincial investment commissions to issue investment licences and sign related contracts. According to a statement from the Prime Minister's Office, these measures aim to streamline the investment process and enhance the efficiency and transparency of project allocation. (Source: Iraqi Government)
Iraqi News
11-06-2025
- Business
- Iraqi News
Iraq to showcase 141 pre-approved projects at first-ever national investment forum
Baghdad ( – Iraq's National Investment Commission (NIC) will present 141 fully pre-approved investment opportunities at the first-ever Iraq Investment Forum to be held in Baghdad, NIC Head Haider Makiya announced Tuesday (June 10, 2025). The event is being organized in coordination with the Iraqi Economic Council and under the direct supervision of the Prime Minister's Office. Makiya stated the forum has strategic goals to accelerate the country's economic development. The 141 ready-to-go opportunities will be presented to local, Arab, and foreign companies, covering diverse sectors including industry, housing, renewable energy, telecommunications, pharmaceuticals, and agriculture. The event aims to attract a large number of international firms for infrastructure projects and to bring global expertise to Iraq. Over 300 international entities, including countries and companies, are expected to attend, making it a historic opportunity to showcase Iraq's investment potential. This initiative aligns with the government's strategy to boost the economy and create jobs for Iraqis, as mandated by the Investment Law.
Iraq Business
09-06-2025
- Business
- Iraq Business
Iraq Prepares 97 Industrial and Agricultural Projects
By John Lee. As part of preparations for the Iraq Investment Forum, scheduled for 14-15 June in Baghdad, the Operations Room of the National Investment Commission (NIC) held an extensive meeting to review investment opportunities submitted by the Ministries of Industry and Minerals and of Agriculture. 97 Strategic Opportunities The review covered 97 industrial investment opportunities worth an estimated 4 trillion Iraqi dinars. These include: Rehabilitation and development of public sector companies into profitable entities via strategic partnerships with the private sector. Establishment and expansion of industrial and economic cities. Projects in petrochemicals and fertilisers. 21 targeted opportunities in heavy and medium industries. In the agricultural sector, promising investment opportunities include: Crop and livestock production. Modern irrigation systems. Agricultural mechanisation. Development of food processing and packaging complexes, supporting food security and value-added outputs. The NIC emphasised the importance of aligning the national investment map with state priorities in productive sectors and food and industrial security. The Commission called for streamlined investor procedures in coordination with relevant ministries to ensure the readiness of projects before their presentation at the forum. The meeting was attended by members of the NIC Operations Room, representatives from the Iraqi Economic Council, and officials from the sectoral ministries. (Source: NIC)
