National Investment Commission (NIC)


Four Special Economic Zones open for Investment

By John Lee.

Iraq’s National Investment Commission (NIC) has included four Special Economic Zones in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

  1. Huteen zone/ Babylon Province for medium & heavy engineering manufacturing.
    Huteen is located in Babylon Province/ Eskandariya city near the State Co. for Mechanical Industries and the State Co. for Automobiles.
    40 km to the north of Hilla city center, 50 km to Baghdad city center.
    550 km to Basra city and its ports
    10 km east to the Euphrates
    12 km to the north of Al Musaiab thermo electricity station
    Total area is 15000000 m², around 6000 donum in addition to branch streets within the site.
    Sewage, water pipes, electricity and facilities are available with limited damages.
    45 big area warehouses protected with earth embankment for highly immunized products.
  2. Mid Euphrates zone in Dewaniya, 1500 donum for agricultural industries (agro-industry) including dairy products, fruits, vegetables and meat processing and canning.
  3. Fine Machining zone in Nineveh (Al Kindi Co., site or Jabir Bin Hayan Co. site). One of the sites to be selected to produce machinery and equipment for medium and small projects such as valves and pumps.
  4. Baghdad zone (near BIAP) for advance technologies (Smart city).
    The smart city shall provide various activities for interested people in information technology, entertainment and social technologies. It also includes a training center, weekly gathering of professionals and specialists, meetings and scientific debates halls, computer courses for children, restaurant and coffee shop, markets for electronic devices, internet services center, a training center to develop human skills, a museum for communication devices and post stamps representing Iraq’s history, halls for investing companies, halls for simulating modern training technologies, a hotel for the visitors and many other services.

The full 46-page document can be downloaded here.

(Source: NIC)

$6bn Iraqi Port Development available for Investment

By John Lee.

Iraq’s National Investment Commission (NIC) has included the “Grand Port of Al Faw” in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

Project cost: $6 billion

Location: Basra

Design capacity:

  • Phase one 2018: containers: 24 million ton/year, unpacked materials/ 24million ton/year
  • Phase two 2028: containers: 40 million ton/year, unpacked materials/ 32 million ton/year
  • Phase three 2038: containers: 70 million ton/year, unpacked materials/ 44 million ton/year

The project includes:

  • Eastern breakwater 8km
  • Western breakwater 15km
  • Two lines for containers berth 3.5km each 12 berth to each line total 24 containers berth and area for containers storage.
  • 13 Berths for unpacked materials (grains, cement..etc.) 3.5km with conveyor belts
  • Berths for Oil products export and import (outside the port basin)
  • Roads and railways
  • Area for buildings and trucks (around 4km²)
  • Navigational channel 30km length, 17m depth.
  • Berths for various goods 4.5km (22berths)
  • industrial zone (approximately 8.5km²)
  • depth in the port basin is 15-17 m

The full 46-page document can be downloaded here.

(Source: NIC)

$6bn Iraqi Port Development available for Investment

By John Lee.

Iraq’s National Investment Commission (NIC) has included the “Grand Port of Al Faw” in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

Project cost: $6 billion

Location: Basra

Design capacity:

  • Phase one 2018: containers: 24 million ton/year, unpacked materials/ 24million ton/year
  • Phase two 2028: containers: 40 million ton/year, unpacked materials/ 32 million ton/year
  • Phase three 2038: containers: 70 million ton/year, unpacked materials/ 44 million ton/year

The project includes:

  • Eastern breakwater 8km
  • Western breakwater 15km
  • Two lines for containers berth 3.5km each 12 berth to each line total 24 containers berth and area for containers storage.
  • 13 Berths for unpacked materials (grains, cement..etc.) 3.5km with conveyor belts
  • Berths for Oil products export and import (outside the port basin)
  • Roads and railways
  • Area for buildings and trucks (around 4km²)
  • Navigational channel 30km length, 17m depth.
  • Berths for various goods 4.5km (22berths)
  • industrial zone (approximately 8.5km²)
  • depth in the port basin is 15-17 m

The full 46-page document can be downloaded here.

(Source: NIC)

Six Rail Projects offered for Investment

By John Lee.

Iraq’s National Investment Commission (NIC) has included six rail projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

  1. New railway line (Baghdad-Kut-Umara-Basra) and branch line (Kut-Nasriya-Shuaiba-UmQasr)
    Length: 910km
    Number of lines: dual
    Axial load: 25 ton
    Passengers: 14 (million/year), Cargo : 35 (million/ton).
    Estimated cost (USD): Land Acquisition/2.73 billion, execution /11.0 billion, total/ 13.73 billion.
  2. Rehabilitation and development of the existing line (Baghdad –Diwaniya-Samawa-Basra)
    Length: 610km
    Number of lines: dual
    Axial load: 25 ton
    Passengers : 100 (million/year), Cargo: 70 (million/ton).
    Estimated cost (million USD): 793.
  3. Construction of Musaib-Karbala-Najaf –Semawa
    Length: 228km
    Number of lines: dual
    Axial load: 25 ton
    Passengers: 6 (million/year), Cargo : 2 (million/ton).
    Estimated cost (USD): Land Acquisition/750 million, execution /2.4 billion,
    total/ 3.150 billion.
  4. Construction of (Basra-Shalamcha–Iran line)
    Length: 35km
    Number of lines: single can be dual
    Axial load: 25ton
    Passengers: 2 million/year, Cargo: 10 million ton
    Estimated cost (USD): Land Acquisition 135 million; Execution, 500 million; Total 635million.
  5. Railway line (Mosul-Duhuk-Zakho-Turkey)
    Length: 160km
    Number of lines: dual
    Axial.load: 25ton
    Passengers: 1 million/year; Cargo: 55 million ton
    Estimated cost (USD): Land Acquisition, 450 million; Execution, 2.157 billion; Total, 2.607 billion.
  6. The railway line (Baghdad-Baquba-Kirkuk-Erbil-Mosul) and branch line (Baquba-Khanaqeen-Munthiriya-Iran)
    Length: 700 km
    Number of lines: multiple
    Axial load: 25 ton
    Passengers: 6 (million/year), Cargo : 20 (million/ton)
    Estimated cost (USD): Land Acquisition/1.650 billion, execution /7.0 billion, total/ 8.65 billion.

The full 46-page document can be downloaded here.

(Source: NIC)

(Picture Credit: Tasnim, under Creative Commons licence)

Iraq Britain Business Council (IBBC) visits Baghdad

On 21st and 22nd January the Iraq Britain Business Council (IBBC) Deputy Chairman Mr Rasmi Al Jabri and Managing Director Mr Christophe Michels visited Baghdad.

They met with Dr Abdulkariem Faisal, Chairman of the Prime Minister’s Advisory Commission to discuss the upcoming Spring Conference in London on 24 April and plans for a conference in Baghdad. Outstanding issues on behalf of IBBC members were also raised.

A similar meeting was held with Dr Sami Al Araji, Chairman of the National Investment Commission, which is playing the leading role at the ‘Supporting Private Sector’ day of the Kuwait International Conference for Reconstruction of Iraq, to be held in Kuwait on 13 February.

Additional meetings were held with IBBC members BP, Najaf Chamber of Commerce, Baghdad Chamber of Commerce and the International Islamic Bank, which hosted the IBBC visitors for Lunch at the famous Alwiyah Club.

IBBC also met with Jaafar Al Hamdani, Chairman of the Iraqi Federation of Chambers of Commerce to discuss the ongoing relationship with the federation and to make plans for a conference in Baghdad.

‎IBBC is greatful to Al Burhan Group for generously hosting it’s delegates at the Al Burhan Centre close to Baghdad Airport during their stay.

(Source: IBBC)

Five Oil Storage Facilities available for Investment

By John Lee.

Iraq’s National Investment Commission (NIC) has included five oil storage facilities in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February:

  • Bin Omar field for crude oil in Basra Province, with a design capacity of 22x 66000 m3 (first phase) and 9x 66000 m3 (second phase).
  • Mosul field for Petroleum Products/ Gasoline 4x 10000 m3, Diesel Fuel 3x 10000 m3 and Kerosene 3x 10000 m3 in Mosul Province.
  • Tuba field for Petroleum Products/ Gasoline 4x 20000 m3, Diesel Fuel 2x 20000 m3, Kerosene 3x 10000 m3 and Jet fuel 2x 50000 m3 in Basra Province.
  • Aziziya field for Petroleum Products/ Gasoline 2x 10000 m3, Diesel Fuel 1x 10000 m3 and Kerosene 1x 10000 m3 in Kut.
  • Samara’a field for Petroleum Products/ Gasoline 4×2500 m3, Diesel Fuel 2×5000 m3 and Kerosene 2×5000 m3 in Saladin Province.

The full 46-page document can be downloaded here.

(Source: NIC)

NIC Announces 157 Major Strategic Projects in Iraq

By John Lee.

Iraq’s National Investment Commission (NIC) has just announced the list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February.

The 157 large- and medium-sized projects span all sectors of the Iraqi economy, including oil and gas, transport, housing, agriculture and education.

The full 46-page document can be downloaded here.

(Source: NIC)

More Details on Iraqi Reconstruction Conference

By John Lee.

On 13th February 2018, and within series of events of the Kuwait International Conference of Iraq Reconstruction and Development, Kuwait Chamber of Commerce & Industry (KCCI) will organize jointly with Iraq’s National Investment Commission (NIC), the World Bank (WB) and the Kuwait Fund for Arab Economic Development (KFAED) a conference entitled Invest in Iraq which will be attended by investors from all over the world.

Iraq shall present the feasibility studies and licenses for 60 key investment projects with total amount exceeds $ 85 billion.

The WB will support such projects by offering guarantees, compensation of first loss, and markets exploration. This conference would be the first of its kind to be supported by the WB and targeting investments.

Applications to attend will be received until 20:00 GMT on Wednesday, January 24th, 2018.

More information, including the program, here.

(Source: Kuwait Chamber)