Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraq's Minister of Transport, Abdullah Luaibi [Abdul Allah al-Leibi], has said that Iraq is actively seeking to join China's Belt and Road Initiative ["One Belt, One Road (OBOR)"]. In statements on Monday, the Ministry confirmed that the Minister met with China's Ambassador to Iraq, Zhang Tao, to discuss the plan. It added […]
By John Lee. General Electric (GE) is reportedly expected to win a large share of the multibillion-dollar contracts to rebuild Iraq’s electricity system. According to a report from Reuters, "under U.S. prodding, Iraq is asking both Siemens and GE to bid on contracts and expects to make awards to each of the companies". Following a […]
By John Lee. The US Ambassador to Iraq, Matthew H. Tueller, joined Minister of Water Resources Jamal al-Adili and Italian Ambassador Pasquino to celebrate the successful completion of emergency efforts to stabilize Mosul Dam. The United States provided $124 million for the U.S. Army Corps of Engineers (USACE) to serve as the "Engineer" for the […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. After decades, Iran, Iraq ready to Dredge the Shatt al-Arab Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and […]
GE Power (NYSE: GE) has installed and commissioned a new advanced 9E gas turbine at the Iraqi Ministry of Electricity’s (MoE) Al Qudus Power Plant. The site was previously capable of generating up to 1,125 megawatts (MW) of power. With the addition of the new turbine, it can generate an additional 125 MW, which will […]
By John Lee. The National Investment Commission (NIC) has published details of a new investment opportunity in the Roads and Bridges Sector: Design, implement, operate and manage of rehabilitation project to the road connecting entrance No. (5) of Bismayah City with Muhammad Al Qasim Highway The National Investment Commission and the Ministry of Construction, Municipalities […]
Iraq faces a tough challenge in developing its potential Writing in the Financial Times, Nick Butler argues that while the security situation across Iraq is probably better than at any time in the past three decades, success is not preordained. Click here to read the full article (subscription required)
In a resounding statement of support for the Government and people of Iraq in the country’s post-conflict recovery, the United Nations Security Council on 21 May 2019 extended the mandate of the UN Assistance Mission for Iraq (UNAMI) for another year, until 31 May 2020. Unanimously adopting resolution 2470 (2019) under Chapter 6 of the […]
Iraqi Prime Minister Adel abdul-Mahdi said on Tuesday that his country had prepared “strategic alternatives” for exporting oil in case a war erupted between the US and Iran, Anadolu reported. During his weekly press conference, he said: “It is important to deal with the North Iraq region and Turkey to find alternative ways to export […]
By John Lee. Hyundai Engineering & Construction has reportedly won a $2.45-billion deal to build a seawater processing facility in Iraq. South Korean media report that the company signed a letter of intent with Basra Oil Company (BOC) on Wednesday for the 49-month project, which will be capable of supplying 5 million barrels of fresh […]
By John Lee. The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister Adil Abd Al-Mahdi. The Cabinet discussed and reviewed a number of infrastructure projects, and approved a scheme to develop land close to Baghdad International Airport. (Source: Govt of Iraq)
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is looking to strengthen its economy after decades of war, sanctions, sectarian division and the rise of the Islamic State of Iraq and the Levant (ISIL or ISIS). It has achieved some […]
