Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The governor of Wassit, Mahdi al-Zubaidi, laid the cornerstone on Friday for a 31-billion-dinar ($26 million) project to develop residential areas in the city of Kut. According to the report from Aswat al-Iraq, the project will be completed within 720 days by a Polish company. (Source: Aswat al-Iraq)
Iraq's Ministry of Housing and Construction has completed the Shirqat Concrete Bridge project in Salahaddin province, at a cost of 11 billion Iraqi dinars ($9.2 million). A statement from the Ministry said that the bridge will contribute to smoothing traffic flow in the region, and will help the economy by improving the transportation of commodities […]
Iraqi Kurdistan needs to spend 200 billion dinars ($172 million) a year on homebuilding, an adviser to the housing ministry, Ammar al- Najjar, told Bloomberg in an interview. “We are capable of resolving the housing crisis in the coming 10 years through building 5,000 units a year ...We’ll need 200 billion dinars a year to […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
Iraq's Minister of Construction and Housing, Mohammed Sahib al-Daraji [Darraji], has reportedly discussed plans for Highway No. 2, which runs from Baghdad to the Turkish border, with a Danish engineering design company. According to the report from AKnews, the company concerned is called "Coy", but Iraq Business News believes it to be COWI Holdings. The minister […]
KRG Prime Minister Nechirvan Barzani announced a strategic, tripartite energy agreement yesterday between companies from the Czech Republic, Turkey and the Kurdistan Region to build a new power plant. The agreement brings together the Czech Export Bank, Czech company PSG International, Turkey’s Renaissance Construction and KAR Group, the Kurdistan Region’s largest company, to build and […]
The National Investment Commission (NIC) has opened a center for the Bismayah New City project at the Baghdad International Fair. It will receive citizens registered and wishing to register for housing units in the project for the three sizes of housing unit: 100 m², 120 m², and 140 m². NIC Chairman, Dr. Sami Raouf al-Araji […]
Iraq's Minister for Planning and Development Cooperation, Ali Yusuf Al Shukri, has announced unemployment in Iraq of about 16%, with a poverty rate of about 11%, according to Alsumaria TV. “Poverty and unemployment rates are decreasing in Iraq after Iraqi GDP improved and investment in constructions and services projects increased,” Shukri told the news agency, stressing […]
Iraq's Minister for Planning and Development Cooperation, Ali Yusuf Al Shukri (pictured), has announced that the Planning Ministry is preparing a database of companies that are falling behind in service and construction projects. These companies, and their directors, will be barred from participation in future projects to be awarded by the Iraqi government. (Source: Alsumaria TV)
AKnews reports that Imad Ahmed, deputy for Kurdistan Regional Government (KRG)'s prime minister, laid the foundation stone of the $36m Hiwa Hospital for Children on Tuesday evening. The 150-bed charity hospital will be constructed on 35,000 square meters and from KRG's budget, the KRG website reported. The hospital will cater for patients from the prenatal […]
Iraq has signed a $55 million contract with Turkey’s Bilal Insaat to build 1,200 housing units in the northern province of Kirkuk, according to the Kirkuk Investment Commission. The residential compound, to be caalled New Haweeja City, will be completed within 30 months in al-Haweeja town in Kirkuk province. According to the report from Bloomberg, […]
Iraq's Minister for Construction and Housing, Mohammed Sahib al-Daraji [Muhammad Sahib Al Darraji] (pictured), met with the German ambassador in Baghdad to discuss cooperation on road projects, bridges and the construction of residential complexes. Minister Al-Daraji said: "German companies have a great reputation in the field of processing modern equipment and machinery. Iraq is about to […]
