Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Al Rida Investment Group has joined the Iraq Britain Business Council (IBBC). Established in 1997, Al Rida has evolved from a construction company into a diversified Iraqi holding firm at the forefront of national development, according to a press release from the IBBC. With investments in real estate, infrastructure, industrial manufacturing, and […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on the delayed Al-Khairat Thermal Power Plant project in Karbala, attended by the Chinese Ambassador to Iraq and representatives from the executing companies, Harlow International and CITIC, as well as officials from the Ministries of Electricity and Oil. The Prime Minister granted the […]
By John Lee. Iraq's Ministry of Finance signed two new credit agreements on Tuesday with the French development agency, Agence Française de Développement (AFD), to finance critical infrastructure projects in the sanitation sector. The first agreement includes a €30-million supplementary loan for the sewage project in Khalidiya district, Anbar, raising total funding for the project to […]
By John Lee. AFM Group, a Swiss-based company specialising in advanced airport systems, has signed two agreements with Iraq's General Company for Air Navigation Services (GCANS) for the modernisation of Baghdad International Airport (BIAP). The scope of these agreements includes: The upgrade of the airfield lighting system to energy-efficient LED technology; The replacement of existing […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New Iraqi customs rules snarl Duhok trade route New Iraqi customs rules at Kurdistan Region's border with Turkey have disrupted the movement of goods and thrown thousands out of work in Duhok, a key […]
By John Lee. Talaat Moustafa Group Holding (TMG Holding) has confirmed that it is in advanced negotiations with Iraq's National Investment Commission (NIC) to develop a large-scale mixed-use project southwest of Baghdad, marking a major step in its regional expansion. The project, spanning approximately 14 million square metres [14,000 donums; 1,400 hectares], is expected to […]
By John Lee. Iraq's Ministry of Industry and Minerals has announced the signing of a strategic agreement between Iraq's State Company for Glass and Refractories and Saudi-based Ajial Company to develop the largest integrated industrial complex in the region based on silica as a core raw material. The deal was signed under the patronage of […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired the regular meeting of Iraq's Higher Committee for Construction and Investment on Sunday, reviewing agenda items and proposed projects, and making key decisions. He underscored the need to simplify administrative procedures to support the investment environment and called on ministries to focus efforts on projects […]
By John Lee. Iraq's Minister of Trade, Dr Atheer Dawood Al-Ghurairi, laid the foundation stone on Thursday for a new modern grain silo in Kirkuk province, with a storage capacity of 60,000 tonnes. The project forms part of the Ministry's infrastructure development strategy to support the agricultural sector and increase national storage capacity. Speaking at […]
By John Lee. Baghdad Municipality has signed a contract with China's state-owned Shandong Hi-Speed Group [Shandong Gaosu Group] for the construction of 11,000 housing units in the New Sadr City project. Speaking at the signing ceremony, Mayor Ammar Musa Kazem said that more than 30 companies expressed interest in the project, which represents the first […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has launched the commercial operation of the $200-million Najmat Al-Samawa 2 Cement Plant in Al-Muthanna Province via video conference. With a daily production capacity of 6,000 tons, the plant is part of a wider $1.171-billion industrial investment package aimed at bolstering Iraq's construction materials sector. Najmat Al-Samawa […]
By John Lee. Prime Minister Mohammed S. Al-Sudani conducted a field inspection on Monday to assess progress at the Nasiriyah International Airport project in Dhi Qar Province. With the overall completion rate of 47%, the Prime Minister urged relevant authorities to swiftly address remaining obstacles, including power supply, conflict resolution, clearance of military structures, and […]
