Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By John Lee. Dr. Abbas Sabah Al-Baydani, Director General of the General Company for Airports and Air Navigation, signed a supplementary consultancy contract for the Nasiriyah International Airport project with the Turkish company Kiklop Design Hertz Insaat, and a construction contract supplement with the China State Construction Engineering Corporation (CSCEC). This action follows directives from […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi, announced the signing of a contract with Oliver Wyman, a consultancy firm, to provide advisory services for the Development Road project. Al-Saadawi stated that the consultancy will assist the ministry in marketing the project and overseeing investment opportunities. The contract, signed by Younis Khalid Jawad, […]
By John Lee. Iraqi Prime Minister Mohammed Shia' Al Sudani chaired a special meeting on Thursday to review the implementation of Cabinet Decision 320 (2022), which concerns converting agricultural land to residential use. According to a statement from his office, the Prime Minister examined the procedures and instructions taken to implement the decision and addressed […]
