Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Prime Minister Mohammed Shia' Al-Sudani on Monday laid the foundation stone for a new 100-bed hospital project in the Rahmaniya-Shu'ala area of Baghdad's Karkh district. The facility is one of 16 hospitals of similar capacity being built under the Iraq-China agreement. According to a press release, the new hospitals will feature modern […]
By John Lee. Iraq's Vertex Investment Group has reportedly signed a Memorandum of Understanding (MoU) with Syria's Ministry of Economy and Industry to rehabilitate and expand the Hama Cement Plant. According to the state-run Syrian Arab News Agency (SANA), the agreement covers the upgrade of the third production line, raising daily clinker output from 3,300 […]
By Dr Ali Abdul Kadhim Dadoush, for the Al-Bayan Center for Planning and Studies. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Assessing the impact of the fire insurance gap on the fragility of special economic projects in Iraq Insurance serves as a safeguard […]
By John Lee. The Government of Iraq has issued an Award Letter to Texas-based Excelerate Energy to develop an integrated floating liquefied natural gas (LNG) import terminal. The project is intended to strengthen Iraq's energy security, support domestic power generation, and diversify supply away from unreliable sources. The company said the decision followed approval from […]
By John Lee. The Iraqi Ministry of Industry and Minerals, chaired by Minister Prof. Eng. Khaled Battal Al-Najm, has approved the awarding of key industrial city projects during the second session of the Industrial Cities Authority's Board of Directors. Among the approved projects are: The establishment of Iraq's first pharmaceutical industrial city in Babylon, covering […]
By John Lee. On World Tourism Day, the Kurdistan Regional Government (KRG) highlighted the sector's strong expansion under its Ninth Cabinet, supported by major infrastructure investments. Over the period, 80 new tourism projects have been completed with a total value of $7.56 billion [IQD 9.87 trillion]. The Kurdistan Region now offers more than 3,000 tourist […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Wednesday to accelerate the completion of the al-Bada'a Canal project, intended to secure water supplies for Basra. The session was attended by the Minister of Water Resources, the Head of the Advisory Board at the Prime Minister's Office, and senior officials from the […]
By John Lee. The Iraqi Cabinet has amended Resolution 24306 of 2024 to authorise the National Investment Commission (NIC) to contract with the advisory consortium comprising Malaysia's HSS [HSS Engineering Berhad (HEB)] and the UAE's CHSS (as partner) for the Najaf-Karbala metro project. The decision allows the NIC to grant the investment licence and sign […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a special meeting on Monday to review progress on the Ali Al-Wardi New Residential City (Madinat al-Ward), planned for southeast Baghdad. The project, spanning 61 million square metres, will provide 120,000 housing units of various types. It is positioned as a key solution to Iraq's housing […]
By John Lee. The Orbital Green Belt Project has been launched in Erbil Governorate to encircle the city with a protective green zone, part of the wider master plan. The initiative is designed to improve the urban environment, mitigate climate impacts, and enhance residents' quality of life. The project will plant 7 million olive and […]
By John Lee. The second session of the Iraq-Lebanon Joint Committee was held on Thursday in Baghdad, chaired by Iraqi Minister of Trade Dr Atheer Daoud al-Ghurairi and Lebanese Minister of Economy and Trade Dr Amer al-Bassat, with participation from representatives of both countries' private sectors. The meeting resulted in the signing of an agreement […]
By John Lee. The Kurdistan Regional Government (KRG) has completed the [Shaikan] Sheikhan-Lalish road project in Duhok Governorate, which will soon be opened to the public. The road spans 9 kilometres in length and 25 metres in width, with a total investment exceeding 26 billion Iraqi dinars [≈ $17.8 million]. Constructed to modern engineering standards […]
