Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the construction of 10,000 serviced residential plots in Nahrawan, Baghdad, as part of the government's broader housing initiative. The 2,500-donum project aims to provide integrated infrastructure, including water, electricity, roads, schools, and healthcare facilities. Al-Sudani emphasized the government's strategy of expanding towards urban outskirts to alleviate […]
By John Lee. Iraq's National Investment Commission (NIC) held a meeting on Monday with a delegation from the International Finance Corporation (IFC), part of the World Bank Group, to discuss joint cooperation in: Technical advisory services, Project financing support, Business environment improvement, and Capacity-building through training and workshops. NIC's Director General of Relations and Media, […]
By John Lee. The Iraqi Council of Ministers has authorized the Ministry of Oil / Basra Oil Company (BOC) to sign a non-binding Memorandum of Understanding (MoU) with Aurasyia Scope Group Oil & Gas UK LTD for a tank farm and industrial island project. The project is considered strategically important for Iraq's oil industry, aiming […]
By John Lee. The Iraqi Council of Ministers has approved an increase in the consultancy contract amount for the Basra Refinery Development / Fluid Catalytic Cracking (FCC) Project with Japan's UNICO and France's Technip. The decision also includes an extension of the contract duration, granted as an exception to Government Contracting Instructions No. (2) of […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a special meeting on Monday to review progress on the third phase of the Al-Rasheed Street rehabilitation project. The session included the Governor of the Central Bank of Iraq (CBI) and representatives from the Iraqi Private Banks League (IPBL), reflecting the government's commitment to restoring Baghdad's […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a special meeting on Thursday to review and follow up on the implementation of development projects in Al-Kadhimiya. The session assessed completed service projects and ongoing infrastructure developments, including the construction of 38 new school buildings and the rehabilitation of dozens of existing schools. Discussions covered […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports over 50 kilograms of gold daily: Ministry Iraq's Development Road has Erbil's "complete support," President Nechirvan Barzani said in Baghdad on Saturday, despite objections that it bypasses the Kurdistan Region. Click here […]
By John Lee. The Kurdistan Regional Government (KRG) has announced that construction has begun on IQD 90-billion [$69-million] Shaqlawa-Harir road. The 10-km development will include two overpasses. Project Details: Overpasses: Shaqlawa Industrial Zone - improved worker access. Mirawa Tunnel - better village connectivity. Regional Impact: Connects Soran District to Erbil Governorate. Strengthens Kurdistan Region-Iran trade […]
By John Lee. Iraq's Prime Minister Mohammed Shia Al-Sudani chaired a meeting on Monday to oversee the progress of four major sewer projects in Abu Ghraib, Sabaa Al-Bour, Al-Wahda, and Al-Nahrawan, along with the Al-Rashidiya sewer project. The meeting included the Governor of Baghdad, senior officials, project managers, and contractor representatives. Al-Sudani reviewed project completion […]
By John Lee. The Iraqi Council of Ministers has authorised the Ministry of Electricity to award and sign an EPC contract for the Dora [Doura] Thermal Power Plant project in Baghdad, valued at $480 million (excluding supervision and monitoring costs). As part of the agreement, the contractor will waive its claim to a sovereign payment […]
By John Lee. Iraq's Prime Minister Mohammed Shia Al-Sudani launched the execution phase of multiple school construction projects in five provinces via video conference on Sunday, as part of Phase One of the Eduba Project, implemented through the private sector under the Iraq Development Fund. The first phase includes school construction in: Sabaa Qusour, Baghdad […]
By Eileen Travers for the United Nations (UN). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: How the world helped Mosul rise from the rubble of war Terrorist fighters with ISIL/Da'esh invaded Iraq's second city of Mosul in 2014, destroying centuries-old landmarks in […]
