Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. A proposal to develop a $250 million hotel complex managed by the Kempinski hotel chain has been discussed with the National Investment Commission (NIC). The meeting was held between NIC Chairman Adel Dakhil Muhammad al-Yasiri and an investment delegation led by businessman Jawad al-Qassab. The preliminary plan envisages allocating 20 to 30 […]
By John Lee. Plans for a solar power station in Najaf province are under review, with discussions under way on potentially doubling the project's capacity from 1,000MW to 2,000MW. The proposed expansion also includes a battery energy storage system (BESS) component of 30%. According to Iraq's Ministry of Electricity, Minister Ali Saad Wahib met with […]
By John Lee. Iraq has launched the executive phase of its "Watan Initiative" (Homeland Initiative) residential land programme in Nineveh province, allocating 110,000 residential plots as part of a broader national target of one million plots. Prime Minister Ali al-Zaidi announced the launch on Monday, stating that the government's aim is to ensure that no […]
By John Lee. An investment contract has been signed for the Budoor Baghdad Residential City in Baghdad. The agreement was concluded between the National Investment Commission (NIC) and Darb Al-Kurama General Contracting and Trading Company. The contract was signed on Thursday by NIC chairman Adel Dakhil Muhammad al-Yasiri and company representative Zaid Kamal Al-Asadi. The […]
By John Lee. An investment contract has been signed for the Abraaj Al-Ameriya residential project in Baghdad, a development comprising 1,620 housing units in the Ameriya district, behind the American University of Baghdad. The project will be executed by Al-Ab'ad Al-Dhahabiya for Investment and Real Estate Development, a subsidiary of Al-Kamil Holding Group. According to […]
By John Lee. Three strategic high-voltage electricity substations are under development in Karbala, Najaf and Baghdad as part of Iraq's power transmission upgrade programme. Progress on the projects was reviewed at a meeting between the General Company for Electricity Transmission in the Middle Euphrates and Siemens, which is delivering the work under Phase Two of a […]
By Nadim Kawach, for Arabian Gulf Business Insight (AGBI). Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Turkey to Gain from Upcoming Oil Pact with Iraq Turkey will gain from an expected oil pact with Baghdad that replaces a decades-old deal governing Iraq's […]
By John Lee. The Sustainable Development Cooperation Framework for Iraq 2025-2029, a joint framework between the Iraqi government and the United Nations, was formally launched on Sunday at a ceremony held at the Ministry of Planning in Baghdad. The event was organised by the ministry's International Cooperation Department, with representatives from government ministries, UN agencies, […]
By John Lee. Iraq has announced a package of economic stimulus measures totalling around IQD 3.5 trillion ($2.7bn), covering housing finance, industrial lending, contractor payments, agricultural dues, and an expanded generations fund. The measures were agreed at a meeting chaired by Prime Minister Ali al-Zaidi and attended by the Minister of Finance, the Governor of […]
By John Lee. Lafarge Iraq has appointed Tarek Sharobime (pictured) as its new Chief Executive Officer, succeeding Medhat Ismail. The company said Ismail had contributed to progress in sustainability, innovation and circular construction during his tenure. French-based Lafarge is a part of the Swiss Holcim Group. (Source: Lafarge Iraq)
By John Lee. CRC Dorra has signed a construction contract with ORA Iraq (part of Egypt's ORA Developers) for Phase One of the Ali Al-Wardi Residential City (City of Roses / Madinat al-Ward) project in Iraq. The signing took place in the presence of Naguib Sawiris, Chairman of ORA, and Mohamed Dorra, Vice Chairman of […]
By John Lee. The United Nations Office for Project Services (UNOPS) has awarded a contract for the rehabilitation of 42 category III housing units in Sinjar District, Ninewa Governorate. The contract has been awarded to Alshiaar Company for Trading and General Contracting Ltd., with a value of $531,610. (Source: UNOPS)
