Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi Private Banks League (IPBL) has signed a memorandum of understanding (MoU) with the Association of Energy Engineers (AEE) in Washington, DC, aimed at supporting Iraq's banking sector in financing the transition to a green economy and developing the country's energy infrastructure. The signing took place on the sidelines of Prime […]
By John Lee. Progress on the Development Road project was discussed during a meeting in Baghdad between Prime Minister Ali al-Zaidi and Turkey's Minister of Transport and Infrastructure, Abdulkadir Uraloğlu. According to the Prime Minister's Office (PMO), Al-Zaidi called for a clear mechanism to be established for financing and implementing the project, with practical steps […]
By John Lee. A planned oil pipeline linking Haditha in Iraq to Baniyas on the Syrian coast is intended to serve as a strategic export route to European markets, according to the Syrian Petroleum Company (SPC). The project is expected to take between two and two-and-a-half years to complete. Safwan al-Sheikh Ahmad, Director of Communications […]
By John Lee. Iraq's General Company for Building Materials Trading has launched a direct sales and instalment scheme under an initiative called "Al-Taaoun lil-Insha'iya" (Cooperation for Construction), allowing state employees and retirees to purchase building materials, furniture, and household electrical appliances on instalment terms of up to 15 months, with no guarantor or down payment […]
By John Lee. Iraq has signed 48 agreements, memoranda of understanding (MoUs) and partnership declarations with US public and private sector entities spanning the oil, electricity, technology, finance and agriculture sectors. According to Iraq's Prime Minister's Office (PMO), the signing ceremony took place on Friday evening Baghdad time under the auspices of Prime Minister Ali […]
By John Lee. A floating gas platform project at Khor al-Zubair is set to proceed. following a meeting in Washington between Prime Minister Ali al-Zaidi and the chief executive of US-based Excelerate Energy. In October, the Ministry of Electricity and Excelerate Energy agreed on a floating storage and regasification unit (FSRU) with a capacity of […]
By John Lee. An EPC (engineering, procurement and construction) contract has been signed for a low-pressure gas recovery project at Gas Compression Station 6 in the West Qurna 1 oil field. According to Basra Gas Company (BGC), the contract has been awarded to Abraj Al-Kut Oil Services Company (AKT). The project aims to recover associated […]
By John Lee. The Basra cement plant has begun producing two new cement types: limestone cement and oil-well cement. The plant is operated by the General Company for Iraqi Cement, a subsidiary of the Ministry of Industry and Minerals. The limestone cement is manufactured to Iraqi standard specifications and is suitable for finishing and plastering […]
By John Lee. A water infrastructure project serving 53 villages in the Barzan region of the Kurdistan Region of Iraq has been completed at a cost of IQD 138.5 billion (USD 106 million). According to the Kurdistan Regional Government (KRG), the project supplies clean drinking water to more than 35,000 residents. The project draws water […]
By John Lee. Iraqi Prime Minister Ali al-Zaidi met Jordan's Foreign Minister Ayman Safadi in Washington on Wednesday, on the sidelines of an official visit to the United States. According to the Prime Minister's Office, discussions covered bilateral relations and opportunities to strengthen economic and development cooperation. The two sides reviewed progress on the Basra-Aqaba […]
By John Lee. Iraq's Minister of Transport, Wahab Salman Mohammed, has met with EU Ambassador Clemens Simtner to discuss lifting the European aviation ban on Iraqi airlines. A technical meeting between the two sides is to be held to identify the requirements for lifting the ban. The minister emphasised the importance of progress on the […]
By John Lee. Construction is continuing on what is described as Iraq's largest boat marina, located on the banks of the Shatt al-Arab waterway. The marina will have a capacity of 50 boats and will include tourist facilities, a helicopter landing pad, and various ancillary works along its sides. Ahmad Jasim, Director General of the […]
