Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
UNICEF, funded by Germany, ensures access to safe drinking water to more than 250,000 people in Al Najaf Governorate UNICEF and the German Embassy handed over a water project funded by Germany, to the Governorate of Al Najaf. This project will secure safe and clean drinking water benefitting more than 250,000 people in south Al […]
By John Lee. The United Nations (UN) for has awarded several Iraq-related contracts recently: United Nations Secretariat: Development of Side Walkways for Streets in AlAsry Neighborhood-Baiji District, Salahddin Governorate: Granted to Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd. Contract value $97,100; United Nations Secretariat: Rehabilitation Al-Qosh Youth Center building in Al-Qosh Sub-District, Ninewa Governorate: […]
KRG Prime Minister Masrour Barzani has inaugurated the second and third phases of Erbil's 150-KM ring road in a special ceremony. The two phases are a part of the 70-kilometer highway around Erbil, which will serve to connect the Kurdish capital with Duhok and Sulaimani, while also facilitating trade with neighbouring countries. "It is a […]
On June 8th, 2021, Mustafa Al-Kadhimi, Prime Minister of Iraq, hosted a contract signing ceremony between CSCEC (China State Construction Engineering Corporation) and the bureau of civil aviation of Iraq on the construction of the Nasiriyah International Airport. With a contract amount of 367 million USD, the project includes the construction of a terminal building, […]
By John Lee. Iraq's North Refineries Company (NRC) has added to its existing Tadano fleet with the delivery of three new Tadano GR-300EX-3 model cranes. NRC is based in Baji, a city of 175,000 in northern Iraq's Salahaddin Province, about 210km north of Baghdad. Founded in 1978, NRC's refinery endured significant turmoil during the Gulf […]
JICA renews commitment to boost infrastructure projects for socio-economic development in Iraq The United Nations Development Programme (UNDP) in Iraq and Japan International Cooperation Agency (JICA) Iraq Office have signed a renewed partnership agreement to monitor and accelerate the implementation of socio-economic infrastructure projects in Iraq. Implemented by the Government of Iraq (GoI) with loan assistance […]
Belgium increases its support to stabilization in Iraq with new EUR 1.5 million contribution The Government of Belgium has contributed an additional EUR 1.5 million (approximately US$ 1.49 million) to the Funding Facility for Stabilization. The critical funding will support stabilization efforts implemented by the United Nations Development Programme (UNDP) across Iraq's five governorates: Anbar, […]
By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, has proposed a corporate loan of up to USD65 million to Al Douh Cement, one of the leading producers of cement in Iraq, to finance the company's planned expansion of its production capacity. Al Douh was established in 2008 to meet […]
The Head of the KRG's Board of Investment, Mohammad Shokri, has laid the groundwork for the provision of 892 residential units in Zakho administration with a budget of 48.8 billion dinars [$33.4 million]. The project comes after 2,073 people with limited income filled online applications to be eligible for the residential units in Zakho. This […]
Italy renews its commitment to stabilization with a new EUR 2 million contribution The Ministry of Foreign Affairs and International Cooperation of Italy, through the Italian Agency for Development Cooperation (AICS), has renewed its commitment to stabilizing Iraq with an additional EUR 2 million (approximately US$1.9 million) contribution. The generous contribution will be channeled through […]
Korea reaffirms its commitment to stabilization in Iraq with a new contribution The Republic of Korea has made a new contribution of US$450,000 to the United Nations Development Programme (UNDP) Iraq's Funding Facility for Stabilization (FFS), which supports stabilization, durable solutions, and the safe return of internally displaced Iraqis in the five governorates liberated from […]
By Basima Abdulrahman, Rania Baker and Ahmed Tabaqchali, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG's Financial Conundrum | Iraq's Real Estate Boom […]
