Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Rehabilitation of three vital bridges in the heart of Mosul improves livelihoods for more than 1 million Iraqis Home to a very ethnically and religiously diverse population, Mosul is a symbol of interreligious coexistence and cultural diversity in modern Iraq. During Daesh occupation, the damage inflicted deliberately on the city and the surrounding areas within […]
A strategic partnership has been established between Biwater and Wood to work together in Iraq to address acute water shortages, beginning with the supply of water to the Basrah region. This important agreement between two leading UK infrastructure firms, demonstrates the scale of international interest and support in Iraq’s extensive infrastructure reconstruction efforts, and follows […]
In continuing of training session conducted in April-May 2017 for the potential construction companies throughout Iraq, UNDP Country Office Iraq is planning to conduct another training session for the potential Construction Firms/Companies as per the following details: Training Session for Sinjar Bidders – 3 & 4 April 2018 - Baghdad Training Session for Baghdad & […]
By John Lee. Iraq's Ministry of Oil has invited international companies to bid for three new oil refineries, to be build on BOOT or BOO bases: Kut, in Wasit governorate, with a capacity of 100,000 bpd; Hadeetha, in Anbar governorate, with a capacity of 70,000 bpd; Diwaniya governorate, with a capacity of 70,000 bpd. (Source: […]
UK-based WRA and Associates has announced the signing of a contract with the General Company for Ports of Iraq (GCPI) for a new $350-million facility with 3-4 berths at the port of Umm Qasr, in Basra province. Built in partnership with local company Bur Al-Aman (BAM), the new development will include warehousing and all other […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Kamal al-Ayash. The authorities are spending a lot of money on reconstruction in the Anbar province. But locals are complaining, saying basic needs are not being fulfilled and the […]
By John Lee. Zawya reports that the Iraqi cabinet has asked the National Investment Commission (NIC) to go ahead with the huge Al-Rashid City project planned for Baghdad. The $10-billion development is to be carried out by Dubai’s Emaar Properties and Abu Dhabi’s Eagle Hills, and will include the building of "up to" (sic) 64,000 […]
By John Lee. Iran's First Vice President, Es’haq Jahangiri, has said Iran is ready to provide Iraq with a line of credit (LOC) of "up to" three billion dollars to pave the way for the Iranian private sector’s active participation in the reconstruction of the country. According to Iran's PressTV, he made the statement at […]
KRG Prime Minister Nechirvan Barzani received US Ambassador to Iraq, Mr. Douglas Silliman and his accompanying delegation. In the meeting, also attended by Deputy Prime Minister Qubad Talabani, they discussed the latest developments in the talks between Erbil and Baghdad, upcoming elections in Iraq and in the Kurdistan Region, the Kuwait International Conference for Reconstruction of […]
By John Lee. Saudi Arabia’s King Salman has promised to build a football stadium in Iraq. The news followed a friendly match between the two countries’ teams in Basra last week. The Iraqi-Saudi Ministerial Coordination Council met on Monday to discuss the measures needed to improve cooperation in the economic, investment, cultural and other sectors. […]
By Salam Zidane for Al Monitor. Any views expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. The Iraqi government sent to parliament a revised version of the 2018 budget bill for the fourth time Feb. 11. The budget proposal includes a new 10% tax on sales at commercial centers, restaurants and […]
By John Lee. Reuters reports that Iraq’s parliament voted on Monday to establish a new Iraqi National Oil Company (INOC) to manage its upstream energy sector, and serve as an umbrella body for its state-owned oil firms. According to the report, the move revives a company originally established in the 1960s and merged into the […]
