Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The National Investment Commission (NIC) has announced an opportunity to invest in the expansion of a chlorine and caustic soda plant in Iraq. The full text of the announcement is shown, unedited, below: Al-Furat State Company for Chemical Industries and Pesticides as one of the affiliates of Ministry of Industry and Minerals […]
Mr Jean-Yves Le Drian, France's Minister for Europe and Foreign Affairs, visited Iraq on 25 and 26 August with Ms Florence Parly, Minister for the Armed Forces. Mr Jean-Yves Le Drian met with the President of the Republic of Iraq, Mr Fuad Masum, the Prime Minister, Haider al-Abadi, and his Iraqi counterpart, Mr Ibrahim al-Jaafari. […]
Baroness Nicholson, President of the Iraq Britain Business Council (IBBC) and Her Majesty's Trade Enjoy to Iraq, Azerbijan and Turkmenistan, discusses Iraq as a major market, IBBC's role in creating a worldwide network for those doing clean business in Iraq, further increasing investment and the positive consequences of businesses transferring skills and technology into Iraq:
The Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) officially reopened the Al Qasoor Water Treatment Plant at a ceremony yesterday in Mosul. Al Qasoor is the second largest water treatment plant in eastern Mosul, providing safe drinking water for 35 percent of residents. The plant provides 12,000 cubic metres of fresh water […]
Work is almost complete on AMAR's latest exciting educational project in Iraq. The state-of-the-art Secondary School in Basra is expected to begin teaching its 500+ students in October. Ten percent of that number will be orphans who will receive a fantastic education completely free of charge, thanks to AMAR's generous supporters. Please help ensure Iraq’s […]
Germany's Siemens has expanded an existing service agreement with KAR Group in Iraq to provide comprehensive operations and maintenance (O&M) for two newly added SSC5-2000E power plant units at the Khormala plant in the Kurdistan region. The 930-megawatt (MW) natural gas-fired power plant meets nearly 30 percent of the power demand targeted by the Kurdistan […]
ENKA's Sulaymaniyah 1,500 MW Combined Cycle Power Plant in Iraq has been recognized as the Global Best Project of 2017 by Engineering News-Record (ENR) under the Power/Industrial category. Constructed between 2013 and 2016, the plant is designed to work on two types of fuel – natural gas as the primary and diesel as the secondary […]
Fallujah city in Anbar province needs $2 billion for reconstruction, the city’s mayor said on August 10. Eissa al-Sayer told Aljournal News website that securing the amount at present would be difficult given the government’s focus on military operations against IS, adding that world donors should focus donations on service projects rather than the infrastructure. […]
By the end of the second quarter of 2017, the Funding Facility for Stabilization (FFS) expanded its work with over 1,000 projects underway that support the Government of Iraq's efforts to stabilize 23 newly liberated areas. This report outlines the progress made from 1 April to 30 June 2017 by FFS in the governorates of […]
On August 1, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the 2017 Article IV consultation with Iraq. Iraq is facing a double shock arising from the conflict with ISIS and the plunge in oil prices. In 2016, real GDP increased by 11 percent owing to a 25 percent increase in oil production, which was […]
UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: "The Department for International Trade through UK Export Finance […]
Prime Minister Dr. Haider Al-Abadi has presided over the first meeting of the Higher Committee for Investment and Reconstruction. The Higher Committee for Investment and Reconstruction has held its first meeting under the chairmanship of the Prime Minister Dr. Haider Al-Abbadi, in the presence of all members of the Committee. Dr. Abadi stressed during the […]
