Latest news with #Makiya
Iraqi News
2 hours ago
- 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
5 days ago
- Business
- Iraq Business
Launch of Canada-Kurdistan-Iraq Business Council
By John Lee. During the launch of the Canada-Kurdistan-Iraq Business Council in Erbil, the Chairman of the National Investment Commission (NIC), Dr. Haider Muhammad Makiyya, underscored the importance of expanding economic partnerships as a foundation for stable national economies. Dr. Makiya revealed that Iraq had attracted over $90 billion in investment over the past two years, including $64.6 billion in foreign investment and $25.3 billion from domestic sources. He attributed this to Iraq's deliberate economic openness and the NIC's focus on building a productive and sustainable investment environment through collaboration with local and international partners. He emphasised the pivotal role of the private sector in driving this transformation, alongside the ongoing reforms aimed at improving Iraq's investment climate. In a meeting with Dr. Mohammed Shukri, Chairman of the Kurdistan Region Board of Investment, Dr. Makiyya called for stronger integration between the federal and regional investment commissions. He noted that such coordination would enhance Iraq's unified investment map and contribute to balanced economic development across the country Welcoming the launch of the new economic council, Dr. Makiya described it as a qualitative leap in Iraq-Canada relations and expressed hope for a similar initiative to be established in Baghdad soon. He concluded by inviting Canadian investors and companies from the Kurdistan Region to participate in the Iraq Investment Forum, scheduled for mid-June in Baghdad. The forum will showcase major investment opportunities and foster future partnerships. (Source: NIC)
Iraqi News
14-05-2025
- Business
- Iraqi News
Iraq to showcase 139 pre-approved projects at upcoming Baghdad Investment Forum
Baghdad ( – Iraq's National Investment Commission (NIC) will present over 139 pre-approved investment opportunities at the upcoming Iraq Investment Forum in Baghdad, NIC Head Haider Makiya announced Tuesday (May 13, 2025). This initiative aims to attract significant local and international investment across various sectors. Makiya emphasized that these opportunities have already secured necessary sectoral approvals, streamlining the process for potential investors. The Riyada initiative for 100,000 housing units will also be a key feature. He highlighted successful inter-agency coordination facilitating projects like a major waste-to-energy plant and large-scale solar energy awards to firms including TotalEnergies. Ali Rzouqi Al-Lami, Deputy Director of the Prime Minister's Office, stated that all forum opportunities are 'Category A' and ready for direct award, describing the event as a potential landmark for Iraqi investment. He confirmed this would be the final scheduling after previous postponements. The forum underscores government efforts to create a positive investment climate, simplify procedures, and showcase promising, fully vetted projects to boost Iraq's economic development and attract serious investors.
