Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. An Iraqi government spokesman has said Iraq views recent US sanctions against Iraqi enities, including the Muhandis General Company [Sharakat al-Muhandis al-Amma], as "deeply regrettable," describing it as a unilateral action that contradicts the spirit of friendship and mutual respect between the two countries. Basim Alawadi added that the Prime Minister has […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Medical Health City project in southern Baghdad, covering an area of 120,000 m². The launch ceremony was attended by the Minister of Health and representatives of international pharmaceutical companies. The project includes five pharmaceutical factories with a total investment […]
By John Lee. The Government of Iraq, with support from the United Nations Human Settlements Programme (UN-Habitat) and funding from the European Union (EU), has launched the National Housing Policy (NHP) 2025-2030, providing a comprehensive framework to address the country's housing challenges and promote equitable, sustainable urban development. Prime Minister Mohammed Shiaa Al-Sudani praised the […]
By John Lee. The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed new sanctions targeting individuals and companies accused of helping the Iranian regime evade US sanctions, smuggle weapons, and engage in corruption through networks operating in Iraq. According to a statement from OFAC, the designations target Iraq-based financial and […]
By John Lee. Askeeban Company Ltd has won a contract with the United Nations Development Programme (UNDP) for the "construc[tion] of a 3-Classroom extension for Maymona primary school for Girls is to restore education services in Sherqat District." Contract value is stated as $50,885.20. (Source: UNGM)
By John Lee. The National Investment Commission (NIC) has announced the start of administrative procedures to designate the Al-Tayeb area in Maysan as a district, paving the way for its transformation into a major multi-service economic city and strategic investment opportunity. NIC Chairman Dr. Haider Mohammed Makiya said the Commission has received the master planning […]
By John Lee. Al-Fityan Company For General Contracts has won a contract with the United Nations Office for Project Services (UNOPS) for "Rehabilitation of 40 category III housing units in Ramadi" Reference: ITB/2025/58519, Lot 2. The contract value was stated as $350,655. (Source: UNGM)
By John Lee. The historic Nazarke Fortress in Duhok - once a detention and torture site under the Ba'ath regime - will be restored and converted into a museum at a cost of $5 million. The project will memorialise the victims of the Anfal campaign, preserving evidence and testimonies of atrocities committed against the Kurdish […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Sunday evening inaugurated the Al-Talae-Al-Bayjiya overpasses and the Sheikh Ma'ruf Mosque intersection in Baghdad's Karkh district. The project is the 14th of 16 traffic decongestion projects included in the government's first infrastructure package, supervised by the Ministry of Construction, Housing, and Public Works. The new overpasses […]
By John Lee. The National Investment Commission (NIC) has signed an engineering supervision contract for the "Future City" ["City of the Future"] residential project - one of Baghdad's largest urban investment developments. The signing ceremony was attended by NIC Chairman Dr. Haider Mohammed Makiyya, representatives of Al-Handal International Group (the project developer), and Dr. Mohammed […]
By John Lee. The Iraq Development Fund has reportedly signed memoranda of understanding (MoUs) with four major countries to advance development cooperation and investment. Executive Director Mohammed al-Najjar told state-run Iraqi News Agency (INA) that the Fund has signed three MoUs with France, two with the United Kingdom, and two with the United States, in […]
By John Lee. The Iraqi Ministry of Transport has received bids from several international companies to develop Baghdad International Airport (BIAP). According to Bassem Waheed, Acting Director General of the Contracts and Licensing Department, the Ministry's evaluation committee will select the best offer to ensure high-quality development services for the airport. Three consortia submitted proposals: […]
