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Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Future Investment Opportunities in Rafeel City Project Construction of housing compound in Missan (Maysan) (Source: National Investment Commission)
Supporting Iraq's Local Economic Development through Sustainable Energy Solutions - New Projects Launched Three innovative projects aimed at promoting sustainable energy solutions were launched today in partnership with the European Union and the United Nations Development Programme (UNDP) in Iraq and the governorates of Erbil, Sulaymaniyah, and Duhok. The projects, which were designed by the […]
By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source: […]
By John Lee. Elsewedy Electric and Toyota Tsusho Corporation (TTC) have reportedly announced the completion of four electrical substations in Southern Iraq. According to Zawya, the $546-million contract was signed in February 2018, with the participation of the Japan Bank for International Cooperation (JBIC), Bank of Tokyo-Mitsubishi UFJ, and Sumitomo-Mitsui Banking Corporation, under insurance cover […]
UN and Government of Iraq sign the updated Cooperation Framework for Sustainable Development to support prosperity and development The Government of Iraq and the United Nations have signed the updated version of the Sustainable Development Cooperation Framework (UNSDCF) 2020-2024, which will guide the work of the UN system in Iraq. The signing ceremony for the […]
By John Lee. The Iraqi cabinet has agreed to the authorization of a contract with a consortium of companies for a major seawater desalination project in Basra. A statement from the cabinet named the companies as Samsung, Makinasinayi (sic), Biwater, Wood Group and Al-Rida Group. The work will be based on a study submitted by […]
By John Lee. Italian-based Progetti Europa & Global S.p.A. (PEG) is to present its technical and commercial proposals for the development of the railway sector in conjunction with the Grand Faw Port. The statement from the Iraqi cabinet gave no further details. (Source: Govt of Iraq)
Five years since the liberation from ISIL, UNDP continues to work with the Government of Iraq to stabilize and rebuild critical infrastructure and services lost during the conflict. Implemented through the Funding Facility for Stabilization (FFS), over 95 percent of the work is contracted through the local private sector, which reduces costs, bolsters local economies […]
By John Lee. Finland's Nokia today announced that Asiacell Telecom has chosen Nokia to build its next-generation microwave network in Iraq. In the five-year deal, Nokia's Wavence microwave packet radio will help Asiacell address demand for more capacity and provide fiber-like connectivity everywhere, including remote and difficult-to-reach areas In a press release, Nokia said that […]
By Sarah Dhafir, for The Station. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. For three years now, The Station has been working in the field of training, providing multiple specialties for Iraqi youth and Startups. After 3 years of building up, The Station […]
Ground Breaking Ceremony of physical infrastructure of Beautiful Missan Funded by the European Union (EU), in partnership with the United Nations Development Programme (UNDP), 'Beautiful Missan' will improve local service provision, working together with communities and local authorities. Today a ceremony that marks the beginning of a new construction site took place under the auspices […]