Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The City of Gold project in Baghdad, recently approved by Iraq's Minister of Trade and endorsed by the Ministerial Council for the Economy, has been hailed by the Trade and Economic Research Centre (TREC) as a transformational initiative that could significantly reshape the country's economic landscape. Dr. Mudhhir Mohammed Saleh, Financial Advisor […]
By John Lee. Al Reyaza Group Company for General Contracting Ltd has won a contract with the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the "Reconstruction and Rehabilitation of Barood Khana in Mosul." Barood Khana is described in the tender documents as "a historic structure of Ottoman origin that has served multiple functions, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Will China help Iraq revive nuclear aspirations? Amid rising regional tensions over the nuclear program of neighbouring Iran, the head of Iraq's Atomic Energy Commission (IAEC) has announced a highly symbolic and strategic […]
The European Union allocates EUR 1.1 million to address urgent water crisis in Basra, Iraq In response to the escalating water crisis in Basra, southern Iraq, the European Union is allocating EUR 1.1 million in humanitarian funding. The emergency support will address urgent water, sanitation, and hygiene (WASH) needs over the next six months, targeting […]
By John Lee. The International Organization for Migration (IOM) has published a study that aims to identify the main drivers of outmigration from Iraq, explore the relationships between different drivers and highlight the specific impacts of climate change and environmental degradation within these broader mobility patterns. The main drivers of migration for emigrants and potential emigrants […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]
By John Lee. As part of its external relations and financial coordination strategy, Iraq's Cabinet has authorised the Minister of Finance, or a delegated representative, to negotiate and sign draft agreements aimed at avoiding double taxation and preventing tax evasion with China, Qatar, and the Czech Republic. The Ministry of Foreign Affairs will prepare the […]
By John Lee. The National Investment Commission (NIC) has reportedly announced that applications for housing units in the Bismayah Residential Project will reopen only after the resumption of work by South Korea's Hanwha Engineering & Construction, the company contracted to complete an additional 70,000 housing units under a new phase of the project. NIC spokesperson […]
By John Lee. The Ministerial Council for the Economy has approved a proposal by the Ministry of Trade to establish a "Global Gold City" in Baghdad - a strategic initiative aimed at localising the gold and jewellery industry in Iraq and strengthening domestic production. Trade Minister Dr. Athir Daoud Al-Ghurairi described the project as a […]
By John Lee. The Prime Minister's Office has laid the foundation stone for Iraq's largest seawater desalination project, located near the Grand Faw Port in Basra, with a total capacity of 1 million cubic metres per day. Speaking at the launch, Prime Minister Mohammed Shia Al-Sudani described the project as a long-term and fundamental solution […]
By John Lee. The Ministry of Oil has laid the foundation stone for the new Al-Ibdaa "Creativity School" in the Al-Burjesia area of Basra province. The initiative is part of the Ministry's social benefits programme aimed at supporting the education sector, in cooperation with Eni and the Zubair oil field. Minister of Oil Hayan Abdul […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for a major upgrade at the Dora [Doura] Thermal Power Plant in Baghdad, including the rehabilitation of two existing thermal units (2 x 160 MW) and the installation of two new units (2 x 160 MW), adding a total of 640 MW […]
