Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi government has approved the recommendation from the Ministerial Council for Energy (24067 T) of 2024 to sign a tripartite agreement involving the Ministry of Electricity, Siemens Energy, and the China State Construction Engineering Corporation (CSCEC). The agreement focuses on the rehabilitation of the Baiji Gas Power Plant (Unit 2), designating […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired a meeting to follow up on the Baghdad Metro project, announcing the selection of the Vaskhod & Wontert Capital international consortium for the design, implementation, operation, maintenance, financing, and transfer of ownership (DBOMFT) of the metro. According to a statement from the Prime Minister's office, […]
By John Lee. Iraq's Ministry of Oil has announced finalised oil export volumes for June, but has again not disclosed the value of oil exports for the month. This follows an increasing trend of delayed or missing oil export data from the Ministry. Total exports of crude oil: 102,314,548 barrels. Exports from the oil fields […]
By John Lee. Iraq's Deputy Prime Minister for Energy and Minister of Oil, Mr. Hayan Abdul Ghani, has opened a new road in the Abu Sakhir area and a high school in the Al-Zubair district of Basra Province. The inauguration ceremony took place on Thursday and was attended by the Deputy Minister for Extraction Affairs, […]
By John Lee. In response to the high demand for its "Injaz/Enjaz" ["achievement"] bonds, first issued in May, the Central Bank of Iraq (CBI) will offer a second issue of these bonds on behalf of the Ministry of Finance. The total amount available is 1.5 trillion Iraqi dinars [$1.15 billion]. The bond are available for […]
By John Lee. The Central Bank of Iraq (CBI) has issued a tender for preparing studies, designs and auditing for the construction of a new CBI building in Mosul, in Nineveh Governorate. Full details here (Arabic) (Source: CBI)
By John Lee. Prime Minister Mohammed Shia Al-Sudani opened the Iraqi-Turkish electricity interconnector on Sunday, via a video conference. The new line connects through the Al-Kisk station west of Mosul to supply the northern region with a capacity of 300 MW. The ceremony was attended by the Minister of Electricity. Al-Sudani praised the efforts of […]
By Adam Lucente for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq-China ties progress with Nasiriyah airport project Relations between Iraq and China are strengthening, in part due to Chinese interest in Iraqi oil and infrastructure projects. Click here to […]
By John Lee. The Government of Sweden has announced that it will phase-out its strategy for development cooperation with Iraq. Its Minister for International Development Cooperation and Foreign Trade, Johan Forssell (pictured), said: "Conditions have changed and Iraq is now a middle-income country with adequate resources to look after its own population. Instead, we see […]
By John Lee. The Government of Iraq, acting through the Ministry of Transport's General Company for Airports and Air Navigation Administration (GCAAN) as the tender authority, is launching a two-stage public tender to select a private partner to rehabilitate, expand, finance, operate, and maintain Baghdad International Airport (BIAP) under a long-term Public-Private Partnership (PPP) contract. […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has met with a delegation from the China Electronics Technology Group Corporation (CETC), which specializes in energy, construction technology, and infrastructure. Al-Sudani highlighted the government's economic approach focused on fostering productive partnerships, improving Iraq's investment climate, and providing sovereign guarantees to attract global companies and enhance […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani met with a delegation of Egyptian, Saudi, and Iraqi business leaders specializing in real estate development and integrated smart cities. The delegation included Hisham Talaat Moustafa, Chairman of Egypt's Talaat Moustafa Group (TMG); Suleiman Abdul Qader Al-Muhaidib, Chairman of Saudi Arabian Al-Muhaidib Group, along Essam […]
