Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The UK's Minister of State for Trade and Export Promotion, Baroness Rona Fairhead (pictured), has announced $210.8 million in support from UK Export Finance (UKEF) for the second project agreed under the UK-Iraq infrastructure Memorandum of Understanding. The contracts with the Ministry of Electricity in Iraq, valued at $220 million, will see GE Global Services UK upgrade […]
By John Lee. Iraq's National Investment Commission (NIC) has included four subway and metropolitan rail projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: 1. Baghdad Metro The project consist of two lines with total […]
The United States Agency for International Development (USAID) has contributed an additional US$ 80.85 million to The United Nations Development Programme (UNDP). US$ 75 million will go to UNDP’s Funding Facility for Stabilization (FFS), with the remaining US$ 5.85 million committed to UNDP’s Funding Facility for Economic Reform (FFER). This brings the total United States […]
By John Lee. Iraq's National Investment Commission (NIC) has included several road projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Rehabilitation and development of the existing roads Construction of highways next to the existing […]
By John Lee. Iraq's National Investment Commission (NIC) has included two airport projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Rehabilitation and development of Mosul International Airport. Estimated cost before 2014: 120 billion Iraqi […]
By John Lee. Prime Minister Haider al-Abadi has said Iraq needs up to $100 billion to fix crumbling infrastructure, according to a report from Reuters. Calling on foreign investors to help it rebuild the country following the defeat of the Islamic State group (IS, ISIS, ISIL, Daesh, he told the World Economic Forum (WEF) in […]
By John Lee. Iraq's National Investment Commission (NIC) has included five oil storage facilities in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Bin Omar field for crude oil in Basra Province, with a design capacity […]
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Rivals may Team Up to Defeat Iraqi Prime Minister Abadi Two former adversaries appear to be warming up to each other to collaborate in Iraq's presidential and parliamentary elections set for May — possibly […]
By John Lee. Iraq's National Investment Commission (NIC) has just announced the list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February. The 157 large- and medium-sized projects span all sectors of the Iraqi economy, including oil and gas, […]
By John Lee. The number of civilian contractors supporting U.S. and coalition operations in Iraq against the Islamic State has risen 37 percent from January 2017 to January 2018 -- from 3,592 to 4,927 -- according CENTCOM: Contractors supporting base operations rose from 564 contractors at the start of the period to 827 contractors currently; […]
By John Lee. On 13th February 2018, and within series of events of the Kuwait International Conference of Iraq Reconstruction and Development, Kuwait Chamber of Commerce & Industry (KCCI) will organize jointly with Iraq's National Investment Commission (NIC), the World Bank (WB) and the Kuwait Fund for Arab Economic Development (KFAED) a conference entitled Invest […]
Continued U.S. Assistance to Better Meet the Needs of Minorities in Iraq The United States Agency for International Development (USAID) and the United Nations Development Programme (UNDP) have agreed to increase assistance to Iraqis, particularly religious and ethnic minorities, to enable them to return to their homes in areas liberated from ISIS. Following Vice President […]
