Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Governor of the Central Bank of Iraq (CBI), Ali Mohsen Al-Alaq, participated in the Iraq Energy 2025 Conference in Baghdad, organised by the Iraq Development Platform. During a panel discussion, the Governor highlighted the CBI's adoption of non-traditional monetary policies aimed at economic stability. He emphasised the bank's role in financing […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Ousmane Dione, World Bank Vice President for the Middle East and North Africa, to discuss strengthening cooperation and advancing development projects in Iraq. The discussions emphasised initiatives to diversify Iraq's economy, reduce oil dependency, and create employment opportunities, with a focus on private sector […]
By John Lee. The Iraqi Ministry of Transport has announced increased interest from international companies in investing in Iraq's strategic transport initiatives. Aided by improved investment conditions and government policies, 2025 is expected to see exceptional foreign direct investment activity, according to the Ministry. Key opportunities include the Grand Faw Port project, with 11 shortlisted […]
By John Lee. The Iraqi Cement Company, part of the Ministry of Industry and Minerals, has announced a total production of 10.2 million tonnes of cement in 2024, marking a 7% increase compared to 2023. General Manager Aqeel Abdul Ali Raddam attributed this growth to successful strategies for improving productivity and efficiency to meet rising […]
By John Lee. The Kurdistan Regional Government (KRG) has given an update on the renovation of Erbil Citadel. The 6,000-year-old site was designated a World Heritage Site by UNESCO in June 2014. One of the oldest continuously inhabited settlements, with over 6,000 years of history. Covers 110,000 square meters. Includes 506 houses. Completed Work: Stone […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met on Sunday with Diwaniyah Governor Abbas Shaeel Al-Zamili and Provincial Council Head Mohammed Shukheir Farhoud to discuss the administrative and service conditions in the province. The Prime Minister directed the allocation of necessary funds to support the completion of rehabilitation works in 42 neighborhoods across the […]
By John Lee. Iraq's Council of Ministers has approved the referral of the Integrated Medical City Project in Dhi Qar Governorate to China State Construction Engineering Corporation (CSCEC). The project, based on a turnkey delivery system, follows the Dhi Qar Reconstruction Fund Instructions (No. 2 of 2021) and was recommended by the Reconstruction Fund Committee. […]
By John Lee. Prime Minister Mohammed S. Al-Sudani presided over a meeting of the Higher Committee for the New Sadr City Project, focusing on advancing infrastructure and housing initiatives for this major urban development. Key Decisions and Updates: Progress on Phase One Reviewed advancements in awarding contracts for infrastructure projects. Phase One comprises 11,000 housing […]
By John Lee. Baghdad's Al Sadeq Group has delivered seven JCB 455ZX wheel loaders to Iraq, the first introduction of this model to the Iraqi market, according to a report from Plant and Equipment News. UK-based JCB announced in 2022 that it has signed a partnership agreement with Khair Al-Wady Al-Athim (KAW), part of the […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met representatives of US-based UGT Renewables in London this week. The meeting included a presentation on the company's key projects, which span more than thirty countries worldwide, and explored potential cooperation with Iraq in its field of expertise. The Prime Minister highlighted the government's interest in investing […]
By John Lee. As part of Prime Minister Mohammed S. Al-Sudani's official visit to the United Kingdom, Deputy Prime Minister and Minister of Planning Mohammed Ali Tamim met with rail equipment company Clayton Equipment Ltd (CEL) Chairman Steve Gretton. The meeting focused on fostering collaboration to modernise Iraq's railway sector according to global standards. Discussions […]
By John Lee. Representatives of four Irish companies met with Prime Minister Mohammed S. Al-Sudani as part of his official visit to the United Kingdom. The meeting included discussions with the directors of major companies specialising in cybersecurity and data centers, construction and development, export of livestock and meat, and the energy sector. The company […]
