Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By John Lee. The Iraqi Ministry of Electricity, in collaboration with the U.S. Department of Commerce's Commercial Law Development Program (CLDP), organized a two-day workshop in Baghdad to explore best practices in financial modeling for energy production projects. Key attendees included Dr. Abdul Hamza Hadi, ministry advisor, and specialized staff from various departments and companies. […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday to finalise preparations for the third phase of the Baghdad Historical Rehabilitation Project. This phase focuses on restoring Al-Midan, Al-Rusafi Square, and Al-Rasheed Street, areas central to Iraq's modern history. Aligned with Baghdad's recognition as the Arab Tourism Capital for 2025, the […]
By John Lee. Bab Al Karama Company has won a contract with the United Nations Development Programme (UNDP) for "Rubble Removal and Cleaning the Irrigation Channels (9L2L & 9L5R) in Shirween." Contract value is stated as $130,006.89. (Source: UNGM)
From the Iraq Britain Business Council (IBBC). IBBC holds successful Dubai business conference with senior membership and government dignitaries IBBC held a successful two-day conference in Dubai including a full education day followed by the business day, attended by senior officials from Iraq including HE Mohammed Al Darraji, senior technical advisor to the Iraqi PM […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on Monday with an International Finance Corporation (IFC) delegation, alongside the Minister of Transportation and key advisors, to review progress on the Baghdad International Airport Development Project. Discussions focused on implementing IFC-established criteria for selecting a leading global firm to oversee the airport's […]
By John Lee. Araqat Al-Usool has won a contract with the United Nations Development Programme (UNDP) for the "Supply and installation of old Sumum water, Salahaldin." Contract value is stated as $462,289.29. (Source: UNGM)
By John Lee. Baher Alshamal has won a contract with the United Nations Development Programme (UNDP) for the "Rehabilitation of Al- Sherqat Sports Club, Sherqat District, Salah Al-Din Governorate" Contract value is stated as $258,092.02. (Source: UNGM)
By John Lee. Fallujah-based Aswar Al-Dammam has won a contract with the United Nations Development Programme (UNDP) for the "Rehabilitation 11- Gludiat 200m3/hr. in Dujail -Salahdien Governorate ... The scope includes Civil, Electrical and Mechanical works." Contract value is stated as $185,849.15. (Source: UNGM)
By John Lee. Nasem AlNakhell Company for General Contracting has won a contract with the United Nations Development Programme (UNDP) for an "Extension water pipeline for Aqaulla village." Contract value is stated as $425,135.79. (Source: UNGM)
By John Lee. The US State Department issued its 2024 Investment Climate Statement for Iraq earlier this year. The report covers the following key areas: Openness To, and Restrictions Upon, Foreign Investment Bilateral Investment and Taxation Treaties Legal Regime Industrial Policies Protection of Property Rights Financial Sector State-Owned Enterprises Responsible Business Conduct Corruption Political and Security Environment […]
