By John Lee. The Iraqi cabinet has selected a site in Bismaya to build the new Sports City, which was gifted by King Salman bin Abdulaziz Al Saud in 2019. Iraq's Ministry of Youth and Sports will supervise the Sports City project in coordination with the Saudi side through the Iraqi-Saudi Coordination Council, which was […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Tags: Basmaya, Bismaya, Bismaya Sports City, featured, mn, Saudi Arabia, Saudi-Iraqi Coordination Council, Sports
Endemic Corruption "could Crush INOC"
Writing about the new Iraqi National Oil Company (INOC) in Oil Price, Simon Watkins argues that the greater the concentration of power over oil and money in one place, the more monumental the scale of corruption becomes. Click here to read the full story.
$890m for Reconstruction in Dhi Qar
By John Lee. Iraq has approved a reconstruction programme in Dhi Qar governorate valued 1.3 trillion Iraqi dinars ($890 million). Prime Minister Mustafa Al-Kadhimi said that electricity supply would be given priority, adding that 20 cities in the province will also be expanded. Included in the more than 100 projects is the Al-Islah-Jbayish water project, […]
Iraqi Housing Fund to Increase Capital to $1.4bn
By Editor on 7th October 2021 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Politics
By John Lee. The Iraqi Cabinet has approval a doubling in the capital of the Iraqi Housing Fund. The capital will increase from 1 trillion to 2 trillion Iraqi dinars ($1.4 billion), with the additional funds to be paid by the Ministry of Finance. (Source: Office of the Prime Minister)
KRG launches two Electricity Projects worth $1.2m
By John Lee. The Kurdistan Regional Government (KRG) has recently launched what it describes as "two massive electricity projects" in Makhmour. They are the Bnar power station, built by the Girshin Company, and a 33 KV power-line at Qaraj, implemented by Palos. The projects have a combined cost of 1.742 billion dinars [$1.2 million]. (Source: […]
Tags: Bnar, Bnar power station, Electricity In Iraq, featured, Girshin, KRG, Kurdistan News, Makhmour, mn, Palos, Qaraj
Improved Basic Services in Western Anbar
Western Anbar communities see improved basic services with the completion of USAID-funded projects The United Nations Development Programme (UNDP) and the United States Agency for International Development (USAID) are pleased to announce the reopening of five facilities in western Anbar to provide essential services to more than 210,000 residents. UNDP rehabilitated these facilities with funding from […]
Tags: al-Qaim, Anbar, featured, Funding Facility for Stabilization (FFS), Heet, mn, Qaim, Rawa, Rummanah, UN Development Programme (UNDP), United Nations (UN), United States, United States Agency for International Development, USAID
UK Law Firm advises on Iraq Port Deal
By Editor on 30th September 2021 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Transportation News
By John Lee. UK-based international law firm Clifford Chance has announced that it has advised International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) on the US$125 million financing of the development, construction, equipping and operation of both new and existing facilities at the Umm Qasr Port in Iraq. In a press release, the […]
Tags: Aloreen Investment, Clifford Chance, featured, International Finance Corporation (IFC), Japan, Japan International Cooperation Agency, JICA, mn, Switzerland, Terminal Investment Limited (TIL), Umm Qasr, Umm Qasr Port
Jordanian Firms Win $40m Construction Deals in Baghdad
By John Lee. Two construction projects in Baghdad, with a combined value of more than $40 million, have been granted to Jordanian companies. The news was revealed during a visit to Iraq by the Jordanian Minister of Public Works and Housing, Yahya Al-Kasabi, during which he met with the Mayor of Baghdad. The Mayor also […]
KESK Secures Six-Figure Seed Funding
By John Lee. KESK, which describes itself as a "green solutions company", has announced that it has secured six-figure seed funding from Euphrates Venture Capital Fund. Founder and CEO, Basima Abdulrahman (pictured), said: "My vision is to make smart green solutions trustable, accessible, and affordable. We simply want to make the green way, the easy […]
Suppliers chosen for UNOPS Contracts in Iraq
By John Lee. Two companies have won contracts with the United Nations Office for Project Services (UNOPS) in Iraq: Wood Group UK Ltd: Web-based mapping applications development; Contract value $61,000 FieldWireLabs, Inc.: Construction Management Software Application; Contract value $14,700 (Source: UNGM)
Tags: featured, FieldWire, FieldWireLabs, mn, UN Mine Action Service (UNMAS), UN Office for Project Services (UNOPS), ungm, United Kingdom, United Nations (UN), Wood Group
Final call for the Iraq Britain Business Forum
By Editor on 23rd September 2021 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News, Iraq Industry & Trade News, Iraq Oil & Gas News
You are invited to attend the Iraq Business Forum on 27th September in Central Hall Westminster. Hear from IBBC members and British companies. Meet Iraqi businesses leaders interested to source products from the UK across multiple sectors. Enjoy one to one business meetings.
New Investment Opportunities 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)