Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Rouba El Husseini for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. 'Leave our marshes alone': Iraqis fear oil drilling would destroy fabled wetlands Plans to drill for oil in the protected Mesopotamian Marshes of southern Iraq have galvanised villagers […]
By John Lee. Iraq's electric vehicle (EV) market grew by a reported 41.6 percent in Q1 of 2025, reaching 3 percent of total vehicle sales. According to a report from Focus 2 Move, Toyota dominated the segment, with 97 percent of EV sales, far ahead of Lexus (part of the Toyota group) and Land Rover. […]
By John Lee. Rwanga Foundation has unveiled plans for the Kulak Solar Village, Iraq's first fully off-grid, solar-powered community. Located southeast of Erbil, the pilot village will include 32 homes and house nearly 200 residents, serving as a model for rural climate resilience and energy self-sufficiency in one of the world's most climate-vulnerable regions. Entirely […]
By John Lee. The General Company for Ports of Iraq (GCPI), has announced the completion of the first section of the Development Road Project, linking the Al-Faw Grand Port to Umm Qasr. According to the Ministry's media office, the 62-km road consists of three lanes designated for heavy trucks and cargo, and is equipped with […]
By John Lee. The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, opened the new Dabin [Dabeen] Cement Factory and Power Station on Monday. The plant, near Safeen Mountain in Erbil Governorate, has a capacity of 2.1 million tons of cement annually, and can output 52 MW of electricity. It has created more than […]
By John Lee. The National Investment Commission (NIC) has signed an investment contract with Al-Ramla for the development of a fully serviced vertical residential complex. The project will feature up to 3,840 housing units, a five-star commercial hotel, a shopping center, a business hub, and various integrated services, aiming to provide modern housing solutions and […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the construction of the Industrial City in Al-Zubair, as part of the Development Road project. The $2-billion project spans 3,000 dunams and will house around 20 factories producing steel, metal casting, rolling, pipes, wire, aluminum alloys, ceramics, doors, and construction materials. The site will also […]
By John Lee. The Najmat Al-Samawah (NAS) joint venture, led by Pakistan's Lucky Cement, has successfully fired the kiln for its new clinker production line in Samawah, The line has a capacity of 1.82 million tons per annum (MTPA). An additional cement grinding plant with a capacity of 0.65 million tons per annum is under […]
By John Lee. Jordanian-based International Venture Investment Holding (IVI Holding) has announced the signing of an Engineering, Procurement, and Construction (EPC) contract with Chinese company Sinoma Overseas Development to build a 6,000 TPD [tonnes per day] clinker cement plant in Al-Muthanna Province. The project, valued at over $240 million, aims to address the local cement supply […]
By John Lee. The Iraqi Prime Minister has ordered a consultative meeting to be held between the Ministry of Electricity and the General Secretariat of the Council of Ministers regarding the Al-Khairat Thermal Power Plant. According to a statement from the Prime Minister's Office, the focus of the meeting is on resolving financing issues related […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makiyya, announced the restart of 503 investment projects across the country, as part of a national plan to stimulate the economy. These projects, valued at over $12 billion, are part of 855 projects that have been stalled for the past two […]
By John Lee. President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq's financial sector and fostering sustainable growth. They emphasized the importance of modernizing the banking system, stabilizing the market, and creating a robust financial framework […]
