Tag Archives | reconstruction

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, […]

New EU Strategy to Increase Support to Iraq

EU strategy on Iraq: new proposal to strengthen support to the Iraqi people On Monday, the High Representative of the Union for Foreign Affairs and Security Policy and the European Commission adopted a Joint Communication proposing an EU strategy for Iraq in order to address the many challenges the country faces following the territorial defeat […]

Mosul Locals take Reconstruction into their Own Hands

This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Months later and Mosul locals are still waiting for significant help in rebuilding their hometown. Some, like the stall holders in one central marketplace, are taking a DIY approach. For […]

Jordan to Spearhead Syria, Iraq Reconstruction

By John Lee. Jordan’s Minister of Industry, Trade and Supply, Ya’rub al-Qudah (pictured), has reportedly signed an agreement with a leading American company and a number of international firms to build an airport and a major logistics center to facilitate reconstruction for Syria and Iraq. According to Al Arabiya, the new facility will be built in […]

Has the Race to Rebuild Syria Begun?

By Adnan Haj Omar, Editor-in-Chief of Arabisk London Magazine. The operations to annihilate ISIL once and for all have finally reached their last stage. The latest round of peace talks in Astana has resulted in the finalisation of a de-escalation zone. The Kurdish issue has become a common denominator and a priority to be addressed […]

$400m for Reconstruction of Mosul and Newly Liberated Areas

The World Bank has approved a US$400 million financial assistance package today to support the recovery, reconstruction and rehabilitation of priority infrastructure to restore delivery of public services in areas of Iraq newly liberated from the Islamic State of Iraq and Syria (ISIS). The package represents an additional financing to the Iraq Emergency Operation for […]

Norway increases Support for Iraq by $2.6m

“The fight against Isil in Iraq is being won. Some 90 % of the areas previously held by Isil have been liberated, and over two million internally displaced Iraqis have returned home. These people are in a very vulnerable situation. It is vital that access to schools, hospitals and other basic services is restored as […]

Gulf Companies looking to Participate in Iraq Reconstruction

An official in the Arabian Gulf has stated that construction companies and others in the Gulf Cooperation Council (GCC) look forward to participating in reconstruction projects in Iraq, stressing that it has the potential to qualify for this role. Abdul Rahim Naqi, secretary-general of the Council of Chambers of the Gulf Cooperation Council (GCC) stated […]

World Bank gives $200m for Stability in Liberated Areas

The Ministry of Labour and Social Affairs announced that the World Bank has allocated $200 million to implement an emergency project to support stability in the liberated areas. An official spokesman for the Ministry of Labour and Social Affairs stated: “The World Bank has allocated $200 million for the implementation of the emergency project to […]

Iraq’s Reconstruction Costs put at $150bn

Reconstruction in Iraq could cost nearly $150 billion covering areas damaged by the war over the past three years, an Iraqi newspaper reported on September 7. The World Bank has made a preliminary assessment of rebuilding costs at the request of Iraq’s Reconstruction Fund for Areas Affected by Terrorist Operations, according to the Arabic language […]