Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraq's Minister of Oil, Hayan Abdul Ghani, met on Monday with a delegation from UAE-based energy services company Kent, and Iraq's Al-Shalal Al-Azraq Company (SHACo). The delegation included Shalal Al-Saraifi [Dr. Shalal M. Falih], Chairman of Shaco; Matthew Bishop, Senior Vice President of Kent; and Alexon Strandberg, Managing Director of Kent Iraq. […]
By John Lee. Iraq's Minister of Construction, Housing, and Municipalities, Benkin Rikani, has approved the master plan for the Ali Al-Wardi Residential City Project in Baghdad. The announcement was made in the presence of senior officials and representatives from Egypt's ORA Developers. Located in Nahrawan, southeast of Baghdad, the project will be the largest new […]
By John Lee. Minister of Construction, Housing, and Municipalities, Benkin Rikani, in the presence of Defence Minister Thabit Al-Abbasi, has approved the master plan for a new residential city in Baghdad dedicated to Iraqi Army personnel. The project, designed to modern urban standards, will feature over 114,000 housing units. It will also be connected to […]
By John Lee. Prime Minister Mohammed S. Al-Sudani and Egyptian Prime Minister Dr. Mostafa Madbouly participated in the Iraqi-Egyptian Economic Forum, attended by 300+ business leaders from both nations. Key Highlights: Economic & Historical Ties: PM Al-Sudani emphasized Iraq and Egypt's long-standing relations and the potential for expanded private sector cooperation. Reform-Driven Investment: Iraq's banking, […]
By John Lee. Qatar-based Ooredoo Group has partnered with France's Alcatel Submarine Networks (ASN) to build the Fibre in Gulf (FIG) submarine cable. The cable, connecting Qatar, Oman, the UAE, Bahrain, Saudi Arabia, Kuwait, and Iraq, will have a capacity of up to 720Tbps with 24 fibre pairs. Ooredoo said in a statement that the […]
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. […]
