Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Türkiye's Tiryaki Agro has proposed a package of investments in Iraq covering food security, food processing and transport logistics. According to the National Investment Commission (NIC), the group presented its proposals at a meeting with NIC Chairman Adel Al-Yasiri. The delegation was led by Fatih Tiryakioğlu, Deputy Managing Director. The proposals include: […]
By John Lee. A contract has been signed for the construction of a 120-bed Italian hospital in central Baghdad, on the site of the former Turkish restaurant. The agreement was concluded with 3H Group [Hospital Healthcare Holdings (HHH)], part of GKSD Holding, and is described as the first fully integrated European medical facility of its […]
By John Lee. A World Bank delegation has met with officials from the Ministry of Construction, Housing and Municipalities to discuss a loan covering integrated services and water infrastructure projects. The meeting, held on Thursday, included specialists in water and infrastructure from the World Bank, alongside Hussein Kazem, Director General of the ministry's General Directorate […]
By John Lee. An investment contract has been signed for the Rataj Baghdad health and education project, to be developed in the Ghazaliya district of Baghdad on a 70,000-square-metre site. The signing took place at the National Investment Commission (NIC), with NIC chairman Adel Dakhil Muhammad al-Yasiri and representatives of the investing company in attendance. […]
By John Lee. A ground-breaking ceremony is expected shortly for the "Watan" residential initiative in Diwaniyah province. According to the National Investment Commission (NIC), its chairman, Adel Dakhil Muhammad al-Yasiri, met with Diwaniyah's First Deputy Governor, Imad Issa al-Shablawi, and the head of the provincial investment authority, Dr Razzaq Shabbar, to finalise preparations for launching […]
By John Lee. A payment of $111 million has been released to South Korean contractor Hanwha for completed residential units at the Bismayah housing project in Baghdad. The National Investment Commission (NIC) announced the release of the first instalment, covering 8,280 completed units, following the completion of all required legal and documentary procedures. The payment […]
By John Lee. Iraq's Ministry of Planning has held talks with the World Bank on a financing proposal for water and sewage projects in Baghdad. The meeting, chaired by Undersecretary for Technical Affairs Dr. Maher Hammad Johan and attended by the Technical Undersecretary of the Secretariat of Baghdad, discussed financing options, implementation mechanisms, and timelines […]
By John Lee. Discussions on expanding Italian investment in Iraq's electricity sector have taken place between the National Investment Commission (NIC), Italian Ambassador Nicolò Fontana, and representatives of energy technology company Ansaldo Energia. According to the NIC, the meeting reviewed Ansaldo Energia's existing involvement in Iraq's power infrastructure and examined new proposals covering projects in […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG Deputy Minister Calls Iraq's Development Road Project Unfair KRG Deputy Minister Agrin Abdullah says Iraq's Development Road bypasses Kurdish areas, urging a railway via Kirkuk and Erbil before construction advances. Click here to […]
By John Lee. The foundation stone of Motorplex Iraq, described as the Kurdistan Region's largest integrated automotive project, has been laid in Zakho. The project is being developed by Harlem Group and Muhanad Group, with Kurdistan Region Prime Minister Masrour Barzani officiating at the ceremony. Spanning more than 225,000 square metres, the development is designed […]
By John Lee. An investment licence has been granted for the Mawten Basra Residential City project, at a total investment cost of over 1.4 trillion Iraqi dinars ($930m). The project will be developed by Al-Mawj Company for Investment and Real Estate Development across five consecutive phases. According to the National Investment Commission (NIC), the project […]
By John Lee. Talks between Iraqi and Syrian officials in Damascus have covered oil exports from Iraq via the Syrian port of Baniyas, trade volumes, and agricultural cooperation. According to Iraq's Prime Minister's Office, the meetings were co-chaired by Prime Minister Ali al-Zaidi and Syrian President Ahmad al-Sharaa. Topics discussed included: Exporting Iraqi oil through […]
