National Investment Commission (NIC)

Alstom to Develop Rail Projects in Baghdad, Basra

French company Alstom has signed a Memorandum of Understanding (MoU) with Iraqi government for the development of urban transport in Baghdad and Basra.

The MoU was signed during the Franco-Iraqi government authorities meeting, in the presence of Dr.Sami Al Araji, Head of National Investment Commission (NIC) of Iraq and Jean-Baptiste Lemoyne, French Secretary of State.

The MoU covers two major projects. The first project is to implement a 20 km Elevated Train in Baghdad, with the supply of rolling stock, electromechanical systems, tracks, associated civil works. The light rail system would link Al-Mustansirya, AlShab, Al-Wazyria, Alsarafia AlEtafia bridge, Al-Khadumia, AlMuthana airport and Al-Alawi.

The second project focuses on the development of the Metro System in Basra, which consists of two elevated lines of approximately 30km each, 15 stations and one depot for each line from North to South, from Zubair to Shat Alarab and from East to West, from Karma to the Desert.

These projects would significantly contribute to the development of the country’s urban infrastructure and national economy.

“We appreciate the opportunity to develop industrial cooperation with the Republic of Iraq, in order to better address the country’s needs for urban transportation. Alstom is ready to bring its innovative technologies and sees the signature of this MoU as a first step towards the development of a long-term partnership with Iraq”, said Bernard Peille, Managing Director of Alstom in Western & Central Asia.

Alstom is already well established in the Middle East & Africa Region with more than 3,800 employees, 1,800 suppliers and present in more than 15 countries in the region with offices and joint-ventures in Algeria, Morocco, South Africa and Kazakhstan.

(Source: Alstom)

Investment Opportunity: State Company for Steel Industries

By John Lee.

Iraq’s State Company for Steel Industries, which is owned by the Ministry of Industry and Minerals, has announced an investment opportunities to participate in the management and production of the following projects in accordance with the requirements fixed in the investment profiles:

  • Sandwich Panel production
  • Built-up sections and bridge girders production
  • Metal chains production
  • Air filters for power plants

The company invites investors, financiers and specialized companies to participate in these important opportunities because of the need for these products in the Iraqi and foreign markets.

Those willing to participate should visit the company’s main office or its website to obtain the investment profiles, in whole or in part, bearing in mind that bids are to be submitted on the company’s website or by e-mail, at the end of the official working hours of Sunday, 10.12.2017.

Those wishing to participate may consult the Ministry of Industry and Minerals / Investment dept., as well as the company’s main office if you need detailed information or have a legal or technical inquiries or a field visit to the announced projects; you may contact through:,  .

(Source: NIC)

IBBC holds Successful Autumn Conference in Dubai

Iraq Britain Business Council holds successful Autumn Conference in Dubai

Following on from the first Iraq Britain Business Council conference in Dubai in 2016, the IBBC was delighted to host its Autumn Conference in the UAE once again. The event was strongly supported by the UAE authorities.

Alongside Baroness Nicholson, the UK Prime Minister’s Trade Envoy to Iraq and President of the IBBC, the conference was opened by H.E. Abdullah Al Saleh, Under Secretary for Foreign Trade and Industry, UAE Ministry of Economy.

The Minister reminded delegates that non-Oil & Gas related trade between the UAE and Iraq had already passed 11 Billion USD in 2016, with Dubai in particular being a hub for local and international companies in the region.

The Minister firmly believes that the UAE’s role in the rebuilding of Iraq will continue to expand and expressed his wish to cooperate with organisations such as the IBBC to accomplish this crucial task.

Vikas Handa, IBBC UAE Representative and the Managing Director of the Emirati Company DrillTech, warmly thanked the minister and stated that the IBBC stands ready to work even more closely with the UAE in Iraq.

The Government of Iraq sent a high calibre ministerial delegation led by H.E. Mr Qasim Al-Fahdawi, The Minister of Electricity, to the conference. The delegation included H.E. Mrs Ann Naufi Aussi Balbool, Minister of Construction Housing and Public Municipalities; H.E. Kadhim Fijan Al Hamami, Minister of Transport; H.E. Dr Sami Al Araji, Chairman of the National Investment Commission (NIC); and H.E. Mr Fayadh Hassan Nima, Deputy Minister of Oil for refining affairs.

The conference was structured around several sessions in which the Iraqi officials and international companies operating successfully in Iraq, most of which are members of the IBBC, exchanged their views and experiences.

These sessions focused on strengths, weaknesses and opportunities of the economy in Iraq, Reconstruction & Infrastructure, Transport, Power and Oil & Gas. In parallel, a series of high level round-table discussions between investors and Iraqi Government representatives took place.

The conference included for the first time a presentation on the rapidly developing Tech sector in Iraq , given by the CEO of Zain.

IBBC thanks the International Finance Corporation (World Bank) and the IMF for its participation. Thanks also go to the IBBC members who sponsored the conference: Gold Sponsor International Islamic Bank; Silver Sponsors Serco and Gulftainer; Lunch Sponsor Rolls-Royce; pre-reception Sponsor Wood; and Coffee Break Sponsors Eversheds Sutherland and KCA Deutag.

IBBC Managing Director, Christophe Michels, stated that the increasing involvement of the UAE and wider GCC with Iraq was a game changer for the country. The IBBC very much welcomes this development and is delighted to be part of it and support it. The organisation will increase its presence in the UAE and the Autumn Conference in Dubai will become a regular feature in its calendar of events.

(Source: IBBC)

Investment Opportunity: Factory to Produce Electrical Cables

Ur State Company, one of the companies of the Ministry of Industry & Minerals is pleased to announce the availability of an investment opportunity to participate in a percentage of production medium voltage cables products and invites Iraqi, Arab and foreign companies with experience and specialization in the field of investment to participate and contract in the above participation contract in accordance with the provisions of Article 15 paragraph (3) of the public companies Law No. 22 of 1997 amended and the instructions attached to it and the instructions of the Council of ministers Decree No. 492 of 2013 through the partner supply and installation of the complete factory to produce medium voltage cables products and according to the specifications and quantities shown in the attached documents .

Companies wishing to participate in the above participation contract, in accordance with the terms and conditions attached to the declaration, should come to the company headquarters located in Nasiriyah, or Baghdad office, which belong to our company located in Karrada area , Albou Jomaa , 139, Abu Nawas St., adjacent to Diana Tourists hotel , mobile no. 07901794527 by sending authorized person with an official signed letter authorizing him to purchase the declaration documents for the amount of (250000) two hundred and fifty thousand dinars non- refundable and are provided with a receipt bill.

Offers shall be presented in three closed and separate envelopes, the first one for the technical offer, the second for the commercial offer and the third for the participating company commitments and documents, provided that the envelopes are sealed and stamped and write on it the contents of the envelope (technical, commercial, closing date and company name ).

The first envelope of the technical offer includes:

  • Presenting statement documentation of the participating company and attach C.V for it and its assisting companies, its nationalities and its business history.
  • Submit a list of similar previous works carried out by the company in the field of investment for last five years provide that it is certified by the beneficiary if any.
  • Determine the production capacity of the project
  • Presenting the details of machines and production lines (numbers, specifications and originators) and equipment and networks of industrial services required of electricity, industrial water and compressed air … etc.
  • Determine the period of implementation and submit a schedule that includes the implementation of the work for all parts of the project.

Investment Opportunity at State Glass Company

By John Lee.

The State Company for Glass & Refractories Industry (SCG&R), one of the Ministry of Industry and Minerals (MIM) companies, has announced an following investment opportunity at the following factories:

  • Rehabilitation & operation of Ceramic Wall Tiles Factory
  • Rehabilitation & operation of Ceramic Floor Tiles Factory
  • Rehabilitation & operation of Ceramic Sanitary Ware Factory

Full details available here.

(Source: National Investment Commission)

Investment Opportunity: Student Sports Club Project

By John Lee.

The Ministry of Higher Education and Scientific Research, in cooperation with the National Investment Commission (NIC), has announced an opportunity to invest in a Student Sports Club project in Baghdad / Al-Sulaikh.

More information here.

(Sources: National Investment Commission, Ministry of Higher Education and Scientific Research)

Investment Opportunity – Chlorine and Caustic Soda Plant

By John Lee.

The National Investment Commission (NIC) has announced an opportunity to invest in the expansion of a chlorine and caustic soda plant in Iraq.

The full text of the announcement is shown, unedited, below:

Al-Furat State Company for Chemical Industries and Pesticides as one of the affiliates of Ministry of Industry and Minerals in Republic of Iraq is pleased to announce the a/m investment opportunity for (Project expansion of Chlorine and caustic soda plant to increase the production capacity by (45) ton/ day caustic soda calculated based on 100% pursuant to the Article (15/ Thirdly) of amended and valid Law of State Companies no. (22/ 1997) and Ministers Council Decision no. 492 of 2013.

The investors of most reliable , specialized, and qualified technically and financially manufacturers and producers of Iraqi , Arabic and International companies in the field of chlorine and caustic soda industry can visit our company headquarter / investment in / Babylon / A;- Musayab / Saddat Al- Hindiyah to obtain the investment documents against a non – refundable amount of (250000) two hundred fifty thousand IQD and submit their technical and commercial offers in our company a/m address, knowing that last date for receiving the offers is on Saunday 10.9.2017 . 12 am supported with the following documents :

  • Registration certificate of the company
  • Allowance letter issued from the Ministry of Finance
  • Submitting the financial capacity accounts for the last five years (positive indicators)
  • The investment company should be having experience in chlorine and caustic soda products
  • The company should be known with good performance in implementing its obligations (previous contracts with Iraqi ministries and government agencies if any)
  • The company should not be listed in the black list
  • The company should belong to countries that have good business relations with Iraq.
  • Submitting a written obligation of not dealing with Israel, its institutions and companies whether at the present time or in the future

Our website

Web site of the MIM

Email for inquiry :

Investment Manager :  07732941338

P. O Box 11230

(Source: National Investment Commission)

Reconstruction a Priority in Coming 5-Yr Plan

The Iraqi-Czech Economic Forum was held in Baghdad on Sunday, 30.07.17 according to the invitation forwarded by the Iraqi deputy speaker of Parliament, Dr. Humam Hamoodi and with the attendance of public and private sectors representatives of the two sides.

The conference started with a welcome speech by Dr. Sami AL- Araji, Chairman of the National Investment Commission (NIC) through which he conveyed Iraq real willingness to cooperate with the Czech republic in the various economic sectors, reviewing the history of economic relations between the two countries since the 50s of the last century.

A speech by the Czech Parliament deputy speaker, Mr. Jan Bartošek followed, through which he considered sectors of security, education and health care stand at the top of the list of essential needs that must be met for each human being willing to live a decent life.

Ms. Miloše Horská, Vice-chairman of the Czech Senate, in her turn, congratulated Iraqi government and people for the victories achieved over ISIS gangs, expressing her pride in shutting this black page down in the history of Iraq, and hoping that the next stage shall witness quick economic jump to meet the critical need for the advancement of the Iraqi economy, adding that this meeting should not be considered meant only for commercial exchange but also as a pleasant opportunity to exchange culture and relations between the two countries.

Mr. Bořivoj Minář, Deputy Czech Chambre of Commerce introduced a short brief of the Czech Chamber of commerce and Industry which consist of 15 thousand company and businessmen and represent a proportion of 60% of the total Czech Economic activity in all specializations.

He presented a number of sectors through which cooperation is possible between the two countries like Agriculture, Health, Complementary Industries, Power Stations, food industries, Machines and Equipments…etc.

The conference also was attended by a number of the Iraqi Public sector representatives from Ministries of Construction & Housing, Agriculture, Iraqi Central Bank, National insurance, while the Iraqi private sector was represented by the members of the unions and councils of businessmen.

The Czech side presented through a detailed presentation the most prominent specializations of the attendant Czech companies and the opportunities to cooperate with them in different economic fields.

NIC Chairman introduced a n overview of the investment opportunities available in Iraq for the short run top listed by the projects of the reconstruction of the infrastructure of the damaged cities either by direct investments or through partnerships with the Iraqi public and private sectors.

The second day of the visit shall include signing a cooperation protocol between the Iraqi union of the Chambers of commerce and the Czech Chamber of Commerce and Industry.

The conference was also attended by the Iraqi Ambassador to Prague, Mr. Waleed Sheltagh.

(Source: National Investment Commission)

Investment Opportunity: Welding Electrodes Plant

The Hydraulic Industries State Company, which is part of the Ministry of Industry & Minerals, has invited domestic and foreign companies to invest in the construction of a production line for welding electrodes:

Those, who wish to participate are welcomed to visit the company in Baghdad – Al Saydia/ beside Al Dora bridge to submit their complete offers according to the conditions and technical specifications available in the commercial dep. Observe amount (250,000) ID non refundable and offers shall be deposited in the tender box in the location of the company on Sunday 27. 08.2017 (12:00 pm), if there is a holiday in the intended day shall be postponed to the next day.

“Participants shall attend the conference to answer all the questions on Sunday 20.08.2017 at (10:00 am) in the location of the company.

For any further information please contact:

Email 1:

Email 2 :

Email 3:

(Source: National Investment Commission)

Investment Opportunity: Producing Gas Oil from Heavy Fuel Oil

The Ministry of Electricity has announced an investment opportunity to build a plant on a BOT basis to produce gas oil from heavy fuel oil in Al Musayab gas turbine station.

Tender No. MOE- HQ11/ 2017

Tender subject : constructing a plant 3200 m³ / day of heavy fuel oil

Closing date : Sunday 10.09.2017

Time : 12:00 pm Baghdad local time

Estimated cost : (6,5 dollar/ barrel) for produced gas oil.

  • The interested parties requested to attend MOE Headquarter – Investment and Contracts office/ Tenders Section in Al- Mansour District – Baghdad / Alnaqabat Street to get the investment opportunity documents against non refundable amount of (500,000) ID five hundred thousand Iraqi Dinar to be paid against a receipt with valid official authorization letter of the interested party.
  • The Technical, commercial and financial offers shall be submitted in three separated stamped sealed envelopes one for technical the second for commercial containing price depend on section 4 from the document and the third containing financing offer , you have to write on it :address including (website, e mail address, authorized person’s name and phone number) presented offer should be true and correct without additions or correction written with Arabic language stamped by company stamp on all pages .
  • You may submit your offer by hand or by DHL (offers sent by email will be rejected) to Ministry of Electricity, headquarter, Investment and Contracts office/ Tenders Section in Al- Mansour District – Baghdad not later than the dead line on Sunday 10.09.2017 before 12:00 pm Baghdad local time, if the day of closing date is holiday, the next day will be the closing date.
  • Winner bidder bears the cost of advertisement and any related cost if any.
  • MOE has the right to choose the appropriate offers regardless of the offered price.
  • Technical and commercial proposals not substantially responsive will be neglected.
  • Any question, explanation do not hesitate to contact or call Mobile 07901935786

(Source: National Investment Commission)