The National Investment Commission has approved two investment projects with a total cost of $485 million, according to an official statement from the NIC on Tuesday. “The first is a housing project to set up a residential compound in al-Ameriya region in western Baghdad, while the second is to set up seven drinking water treatment […]
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The largest housing projects are planned for Baghdad. In January, the Baghdad government announced that it would begin work on almost 300,000 apartments across the city – a British architect company was hired to design the project.
The investment commission in Basra has announced a project to build 552 housing units in Basra’s Faw district, the head of the commission said on Monday. “Each unit is made up of three stories and 12 apartments of 100 square meters each”, Haydar Ali told Aswat al-Iraq news agency. A theme park project will also […]
The Basra Investment Commission said it received on Monday a delegation from a Turkish company, ranked 150 among construction companies worldwide, to discuss a housing project in the province, according to a commission statement. Midhat Binjuin, the manager of the Turkish company, said “Our company has constructed many of the important projects in the Middle […]
The investment commission in Basra has revealed a project to build 552 housing units in Basra’s Faw district, the head of the commission said on Monday. “Each unit is made up of three stories and 12 apartments of 100 square meters each,” Haydar Ali told Aswat al-Iraq news agency. A theme park project will also […]
The ministry disclosed the plans of building 200 low-cost houses in Karbala province, cooperating with Red-Crescent Association. A statement from the national media center confirmed that the minister, Riadh Ghereeb, and Red-Crescent Association chairman, Yasin Al-mamoory, are discussing the building of these houses in Karbala. The source pointed out that starting a small village is […]
A source in Al Hindia region media in Karbala province said that a Chinese company delegation concluded its visit to the city after agreeing 3 projects The Chinese signed a memorandum of understanding with Iraq and defined sites to establish a housing projects, a shopping mall and an oil factory. The majority of the projects […]
He said that trade exchange between Turkey and Iraq’s Kurdistan hit $9 billion since 2009, adding a free market will be opened on the border point between the two sides.
The Kurdistan Investment Board is currently deciding on a location for the largest iron factory in Kurdistan, which will be built at a cost of $130 million by a French company. The plans are at an early stage, according to Hersh Muharram, chairman of the investment board, and the plant will be built in cooperation […]
Baghdad Mayoralty has allocated ID200 billion to pave roads in the Iraqi capital in 2010. “Work will be executed through 13 contracts,” the mayoralty’s media office said in a release on Tuesday received by Aswat al-Iraq news agency. He noted that five million square meters will be paved this year in Baghdad. ( Aswat Al […]
The UN on Tuesday expressed satisfaction that the Iraqi Government is willing to continue to pay five percent of its oil revenues into the Compensation Fund whether under the present mechanism or a successor mechanism to the Development for Iraq (DFI) whose mandate expires in December of this year.
The Iraqi ports of Umm Qasr and Abu Falous continue to receive a steady flow of merchant ships carrying varied cargos. Ships from Panama, the United States, Liberia, Iran and the United Arab Emirates have recently arrived containing various cargoes including pipes, iron, fuel and cement. Mr. Iain Blake, Senior Broker at Anglo Arab Insurance […]