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 Development Plan (NDP) 2024-2028 has finally been released. The plan was a collaboration between the United Nations Development Programme (UNDP) and Iraq's Ministry of Planning with the support of the United States Agency for International Development (USAID). Launched (sic) to great fanfare back in August, the plan has been kept […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi, has announced progress on the Development Road Project, emphasizing that following the completion of detailed designs, the project will be presented to major international companies for investment opportunities. Key Progress Milestones: Completion of Preliminary Designs: The Ministry has finalized 100% of the preliminary designs for […]
By John Lee. Minister of Transport, Razzaq Muhibis Al-Saadawi, announced a detailed strategy to revitalize Iraq's railway network, emphasizing the ministry's commitment to restoring and upgrading its infrastructure. Key Developments in Iraq's Railway Network: Reopened Lines After Long-Term Closures: Baghdad-Fallujah Line: Reopened after a 5-year suspension. Silo Al-Sharqat Line (Mosul): Reopened after 30 years of […]
By John Lee. The Iranian Minister of Science, Research, and Technology, Hussein Simayi Sarraf, has reportedly expressed Iran's readiness to collaborate with Iraq in establishing joint science and technology parks, following a request from Iraqi higher education officials to benefit from Iran's expertise in this field. According to Iran's state-run Islamic Republic News Agency (IRNA). […]
By John Lee. Prime Minister Mohammed S. Al-Sudani launched the construction of Nineveh Central Stadium, also known as the Local Administration Stadium, and an accompanying indoor sports hall in Mosul on Sunday. Key Highlights of the Project: Enhanced Capacity: Prime Minister Al-Sudani directed revisions to the stadium's design to increase spectator capacity to over 15,000 […]
By John Lee. Prime Minister Mohammed S. Al-Sudani today inaugurated the riverfront rehabilitation project in the historic old city of western Mosul on Sunday. The initiative marks a vital step in rebuilding the region and erasing the impact of terrorism while serving the residents of Nineveh Province. The visit also coincides with the seventh anniversary […]
By John Lee. Prime Minister Mohammed S. Al-Sudani conducted a detailed field inspection today at Mosul International Airport during his visit to Nineveh Province. He evaluated the ongoing construction work, including the airport's runway and terminals, and noted that the project has reached over 80% completion. During the inspection, the Prime Minister met with representatives […]
By John Lee. The United Nations Development Programme (UNDP) in Iraq and the Japan International Cooperation Agency (JICA) Iraq Office have renewed their longstanding partnership, reaffirming their commitment to supporting Iraq's socio-economic development. Backed by funding from the Government of Japan (GoJ) and JICA, this partnership builds on over 15 years of cooperation with the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani inaugurated the construction of Phase One of the North Thermal Power Plant in Nineveh Province on Sunday, during his visit to the region. According to his office, this marks a significant milestone in Iraq's efforts to strengthen its power infrastructure and revive critical projects. Project Overview: Capacity: […]
By John Lee. The Iraqi Private Banks League (IPBL) has signed a cooperation agreement with Frankfurt School of Finance and Management in Germany, aiming to enhance collaboration in training, consultancy, and academic activities. The agreement is part of the Public Finances and Financial Markets in Iraq (FFM) project, organized by the German Corporation for International […]
By John Lee. Iraq's Ministry of Electricity has signed a contract to construct three power substations in Basra Province. Funded by the World Bank, the project will add 3x90 MVA capacity at 132 kV, enhancing grid reliability, balancing loads, and reducing bottlenecks. According to a statement from the Ministry, the project will be executed by […]
By John Lee. Iraq's Minister of Electricity, Eng. Ziyad Ali Fadhil, chaired a technical meeting with Harlow International and China's SEPCOIII Electric Power Construction Corporation [SEPCO3, Shandong Electric Power Construction No. 3], the developers and funders of the giant Al-Khairat Steam Power Plant project in Karbala Province. A Ministry statement said the plant, with a […]
