Iraq's National Investment Commission Sets May 12 Deadline for Baghdad and Najaf-Karbala Metro Project Bids

The National Investment Commission (NIC) in Iraq has announced that May 12, 2024, will be the last date for receiving bids for the Baghdad Metro and Najaf-Karbala metro projects. The announcement was made by NIC Chairman Haider Makiya during a press conference held with representatives of the companies applying for the projects.

Three global companies are currently competing as investors in the $2.5 billion Baghdad Metro project, which is part of Baghdad's transport master plan. The bids will be opened on May 12 and studied by a government committee with the assistance of a consultancy firm. The winning bidder will be selected by the committee.

The NIC is responsible for overseeing these infrastructure projects, which are aimed at improving public transportation in the country. The Iraqi government is working to enhance the nation's infrastructure and transportation systems to support economic development and attract foreign investments.

Chairman Makiya emphasized the importance of these metro projects, stating, "These metro projects are part of Iraq's efforts to boost its national economy and attract foreign investments." The NIC's announcement of the May 12 deadline for receiving bids marks a critical milestone in the process of selecting investors and moving forward with the construction of these vital transportation systems.

Key Takeaways

• Iraq's NIC sets May 12, 2024, as deadline for Baghdad, Najaf-Karbala metro bids.
• 3 global firms competing for $2.5B Baghdad Metro project, part of transport master plan.
• NIC overseeing infrastructure projects to improve public transport and attract investments.
• Successful metro projects could boost mobility, reduce congestion, and spur economy.
• NIC chairman emphasizes metros as key to boosting Iraq's national economy and FDI.