By John Lee.

The National Investment Commission (NIC), in cooperation with the Babylon Investment Commission, is pleased to announce the following investment opportunities:

  1. Educational Research Center and Environment Laboratories within the main university site area of 1300 m² plot number 1/3474 m 17 Tajia.
  2. The Central Student Club of the University of Babylon within the main university site with an area of 2000 m² plot number 1/3474 m 17 Tajia.
  3. Medical Research Center and Specialized Educational Laboratories within the university’s main site with an area of 2900 m² plot number 24/17859 m 17 Waseya.
  4. Educational swimming pools with multi-purpose hall within the main university site with an area of 12500 m² plot number 1/12908 m 17 Tajia.

Those who wishes to invest in the above-mentioned investment opportunities can visit Babylon Investment Commission to review the special requirements of each opportunity, knowing that applications are accepted until the end of official working hours on Wednesday 5/12/2018.

(Source: National Investment Commission)

(Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

By John Lee.

Babylon Investment Commission (BIC) has invited investors to set up in the Industrial Zone at Al-Kefel, Babil. In a statement, the BIC said:

Babylon Investment Commission is pleased to announce completing the procedures of specifying the Industrial Zone borders in Al- Kefel area to be extended on parts of the lots numbered 17/1 and 17/6 on total area of 3000 Donum according to investment law No. 13 for the year 2006, amended.

Investors are invited to invest in this zone according to the following conditions:

The zone is allowing all environment polluting industries of types (A, B, and C) excluding Bricks and Asphalt factories.

Investor is required to provide the following documents annexed to his/her filled application:

  • Economic and technical feasibility study for the project
  • The project technical drawings
  • The investor’s official identification papers and documents
  • Financial competency from an accredited bank with the project funding details
  • A clear time table for completing the project phases
  • Previous similar achieved projects

The investor shall obtain all privileges and guaranties of investment law as tax and customs exemptions, transfer of capitals, revenues and workers fees, in case the investor is a foreigner, according to the instructions of the Central Bank of Iraq.

Applications submitted through the email shall be accepted, providing that official documents are provided before granting the investment license.

For further information, please visit Babylon Investment Commission website www.bic.gov.iq or send an email to info@bic.gov.iq

(Source: NIC)

By John Lee.

The Iraq Britain Business Council (IBBC) has announced that a memorandum of understanding (MoU) has been signed with the Babylon Investment Commission.

Mr Alaa Harba, Chairman and Director General of the Commission, and Baroness Nicholson signed the memorandum on 3rd September at the IBBC’s London office.

The MoU can be seen here.

(Source: IBBC)