Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi Drilling Company (IDC) has announced the successful drilling and rehabilitation of 15 oil wells in October, part of its ongoing efforts to enhance production across Iraq's oil fields. According to a statement from the Ministry of Oil, the company drilled four new wells and rehabilitated 11 others across various fields. […]
By Dr. Zmkan Ali Saleem, Dr. Hussein Mishbak and Karam Robeil, for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Economic Review: KRG's Financial Conundrum | Iraq's […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a committee meeting to evaluate the progress of agreements and memoranda of understanding with Türkiye, signed during the Turkish President's visit to Baghdad in April. Key topics included water resource infrastructure projects under the Strategic Framework Agreement, emphasizing cooperation based on fairness and good neighborliness. The […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction on Wednesday, during which investment projects across economic and developmental sectors were reviewed. The committee approved several investment and reconstruction projects, including housing initiatives for various social groups and industrial and service projects. Approval was […]
By John Lee. In efforts to bolster national product protection, Iraq's Cabinet has approved recommendations from the Ministry of Industry and Minerals to apply additional customs duty on imported Thermstone (also known as Thermostone, or autoclaved aerated concrete (AAC)). An additional 50-percent customs duty will be imposed on each unit of imported thermstone from all […]
By John Lee. Representatives from Iraq, Turkey, the UAE, and Qatar gathered in Basra to discuss the latest developments in the "Development Road" project. The meeting focused on finalizing the economic feasibility study and defining key routes for the project's execution. Led by Iraq, with participation from Turkey, Qatar, and the UAE, this meeting is […]
By John Lee. Iraq's Ministry of Transport has announced that the first phase of the Grand Faw Port will be completed by next year. The project is part of the broader Development Road initiative, with progress continuing steadily. The designs for the railway line and soil surveys for the Development Road have reached 100% completion, […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani has presided over a meeting with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, to follow up on the Baghdad International Airport (BIAP) development project. The meeting discussed the steps taken by the IFC to attract investors and specialized […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has announced the approval of eight new service projects in Wasit Province, with a total cost of 236 billion dinars [$180 million]. The projects focus on improving water and sewerage infrastructure, including: Al-Bashaer sewerage project (6.86 billion dinars) Al-Dhahab/Zurbatiya sewerage project (0.715 billion dinars) Badra sewerage project […]
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has awarded two contracts relating to construction in Muthanna: Bab Al Karama for General Contracting Ltd.: AMI/24/HABITAT/CONST.LOTS #1. The contract is valued at $1,077,900. Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd: AMI/24/HABITAT/CONST.LOTS #2. The contract is valued at $1,131,450. (Source: UN)
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makkiya, has laid the foundation stone for Iraq's tallest skyscraper, part of the Downtown Baghdad project. This iconic development will feature the capital's first high-rise tower, standing at 65 stories, along with eight additional towers. The project includes over 1,300 residential […]
By John Lee. Dubai logistics and transport company Aramex has announced a new joint venture with Abu Dhabi-based investment company ZK Holding, aimed at supporting both local and international businesses in Iraq. According to a press release from ZK Holding: Through this joint venture, Aramex will significantly expand its existing footprint in the country by […]
