Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraq's National Investment Commission (NIC) has held a preparatory meeting for the Energy Services Economic Cities Initiative, aimed at supporting local economic diversification and attracting foreign investment in the energy sector. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] emphasised that these specialised cities will serve as hubs for global and local companies […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has officially inaugurated the reconstructed Al-Fatha Bridge over the Tigris River, restoring a crucial transportation link between Salah al-Din and Kirkuk Governorates. The 540-meter bridge, which was destroyed during the war against ISIS, has been rebuilt with enhanced capabilities following the Prime Minister's directive to accelerate its […]
By John Lee. The National Team for Renewable Energy Projects and Energy Efficiency at the Iraqi Prime Minister's Office has invited "specialized companies in the field of solar energy project implementation" to participate in a conference. The conference will take place at the Training and Energy Research Directorate of the Ministry of Electricity on Thursday, […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has remotely inaugurated the Al-Dhawari Iron and Steel Factory in Sulaiman Bek, Salah al-Din Governorate, marking a significant advancement in Iraq's industrial capacity. The private sector project represents a successful model for industrial development in Iraq, with the Prime Minister highlighting its importance amid rising construction activity […]
By John Lee. Al-Amar Al-Hadeth for General Constructional Contracting has won a contract with the United Nations Office for Project Services (UNOPS) for the construction of 110 housing units in Sinjar (Al-Jazeera and Al-Adnaniyah villages). The contract value was stated as $3,347,190. (Source: UNGM)
By John Lee. Transformers & Rectifiers (India) Ltd (TARIL) has announced that it has won a contract to supply Iraq's Al Sabha Group with electrical transformers. The contract value was not stated, but combined with another contract to supply an Australian company, the total value is 78 Crore Rupees [$8.9 million]. (Source: TARIL)
By John Lee. The Central Bank of Iraq (CBI) has announced a new initiative to support clean energy solutions, aligning with global sustainability efforts and the environmental policies of central banks worldwide. As part of its renewable energy initiative, CBI will offer low-interest loans to local brick factories, enabling them to switch from high-pollution fuel […]
By John Lee. Iraq's Federal Commission of Integrity (COI) has called on United Nations Convention Against Corruption (UNCAC) member states to enhance legal cooperation in recovering stolen assets and illicit funds. During a meeting with Swiss Ambassador Daniel Hunn, COI Chairman Dr. Mohammed Ali Al-Lami stressed Iraq's commitment to eradicating corruption and preventing capital flight, […]
By John Lee. The Iraqi Council of Ministers has authorised the Minister of Finance, or her delegate, to sign a loan agreement with the Agence Française de Développement (AFD) to finance the Al-Hamza District Sewer Project in Al-Diwaniyah Province. This approval falls under Federal Budget Law No. 13 of 2023, covering fiscal years 2023-2025, for […]
By John Lee. Prime Minister Mohammed S. Al-Sudani announced five developmental projects and programs aimed at supporting and empowering women, during a celebration marking the National Day of Iraqi Women on March 3. The initiatives include: The Third National Plan for Women, Peace, and Security (2025-2030) to enhance women's participation in decision-making, strengthen protections against […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani concluded his visit to Al-Muthanna Governorate, during which he launched and inaugurated several key projects across energy, housing, healthcare, infrastructure, and industry. Key Announcements: Energy Sector: Launched construction of the Samawa Gas Power Plant (250 MW) as an investment project. Approved the establishment of a new […]
By John Lee. Iraq's Osoul Foundation for Economic Development and Sustainability has signed a strategic cooperation agreement with the International Tax and Investment Center (ITIC) in Washington, aimed at enhancing Iraq's business environment. The signing ceremony was attended by government officials, business leaders, global companies, diplomats, and international organisations. The agreement aligns with Iraq's economic […]
