Archive | Construction & Engineering In Iraq

Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.

10,000 Houses for West Diwaniya

The investment commission in Diwaniya has discussed with a German firm a project to build 10,000 houses in the west of the province, the commission’s head said on Sunday. “The project will be located on the Diwaniya-Shafia road (7 km west of Diwaniya),” Eng. Hakem al-Khazaie told Aswat al-Iraq news agency. “The final contracts will […]

New Korean Contracts – Massive Investment in Basra

Aswat al Iraq reports that The Iraqi National Investment Commission is planning to offer 750 investment projects to South Korean firms. The total value of the projects exceeds $600 billion, and includes the building of a new city. The announcement follows a visit to the country last week by a high-powered delegation of Korean businessmen […]

Foreign Contruction Companies Needed for Housing

Aswat Al Iraq reports that the Iraqi minister of housing and reconstruction, Bayan Dizayee, has signed a memorandum of understanding (MoU) with her Jordanian counterpart on mutual cooperation in the fields of reconstruction and housing. “The memorandum encourages investors to invest in the fields of construction.” Meanwhile, the National Investment Commission has received proposals to […]

Dewan Wins Baghdad Design Contest

After months of study, registration and design work, Dewan Architects and Engineers, one of the region’s leading architectural and engineering consulting firms, have done it. They submitted the winning design for the contest organized by Baghdad Municipality. In the grand final Dewan were declared the winners and were presented with their award by the Iraqi […]

$67m for Roads in Baghdad

A total of 80 billion Iraqi dinars (ID), about US $67m, has been allocated to improve the roads in the capital Baghdad, the local municipality said on Tuesday. The money will be used to pave the main streets and highways in the capital, change traffic lights in central Baghdad and to continue construction work on […]

Housing Loans to Journalists

The Iraqi Journalists Union announced on Tuesday that the Iraqi Housing Bank will lend Iraqi media men up to ID30 million to build houses. “Special privileges will be granted to interested journalists,” the union said in a release received by Aswat al-Iraq news agency. It said that many Iraqi journalists are in need of a […]

Iraq, Jordan Mull Cooperation in Housing Sector

Iraqi Minister of Housing and Reconstruction Bayan Daza Yi discussed on Tuesday with Jordanian Prime Minister Samir Rifai the means of strengthening bilateral relations especially in the areas of housing, according to Petra news agency. “During the meeting, the Jordanian prime minister stressed the need to boost the historical bilateral co-operation to serve the common […]

Finance Ministry Releases Housing Loans to Workers of Mixed Sector

The Finance Ministry instructed the al-Rafideen and al-Rasheed banks to release loans and advances given to the workers of the mixed sector according to the adopted rules. “Finance Minister, Baqer al-Zubaidi, met on Monday (Feb. 22) with the members of the executive office of the National Union of Labor syndicates,” said a ministry’s statement received […]

Iraq Participates in Amman Conf. to Benefit from Experience in the Region

The Iraqi minister of housing and reconstruction on Monday said that Iraq’s participation in the meetings of the UN-HABITAT meetings in Amman aims to benefit from experience in the region. “A total of 150 representatives of the state-run housing sector in neighboring countries, in addition to the private sector, non-governmental organizations (NGOs), banks and UN […]

Iran Strengthens Trade Links

Reuters quotes the Iranian Consul to Basra as saying that Iran hopes to double trade with Iraq to $8 billion this year, mostly in the construction, food and industrial sectors. Meanwhile, 60 companies participated in an exhibition of Iranian trade and industry in Basra City. The consul also told Aswat al-Iraq that, “Iran is working […]

Chinese Delegation Negotiates Projects in Karbala

A Chinese delegation has visited the Shiite city of Karbala, and expressed its readiness to conduct several projects there, Karbala’s first deputy governor said on Thursday. “The delegation, led by a Chinese businesswoman who owns a number of industrial companies, has finished its visit to Karbala,” Abbas al-Moussawi told Aswat al-Iraq news agency. The delegates […]

Kurdistan Attracts $12 Billion Investment

According to a report from Reuters, Iraqi Kurdistan’s investment body says the region has attracted more than 12 billion US dollars from local and foreign investors in non-oil sectors over the last three-and-a-half years, mainly in housing. Of this $12 billion, $3.1 billion was from foreign sources, and this would been higher had a $6 […]