Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By John Lee. On a visit to Diyala governorate on Wednesday, Prime Minister Mohammed S. Al-Sudani announced a series of new projects: Construction of 99 schools across Diyala, funded by the Iraq Development Fund. Al-Muqdadiya District Sewerage Project, valued at 56.6 billion dinars. Central District of Balad Ruz Sewerage Project, valued at 45.4 billion dinars. […]
From the Iraq Britain Business Council (IBBC): Iraq is making a significant comeback, presenting the private sector with an increasing array of opportunities to invest and contribute to its ongoing development. The Sudani government has not only introduced stability and reforms but is also investing in a wide range of infrastructure projects that promise growth […]
By John Lee. An opinion piece published by The Washington Institute for Near East Policy argues that the US should consider supporting both the Development Road project and Turkiye's wider plans in Iraq, "since both serve the paramount goal of counterbalancing Iranian influence." Soner Cagaptay writes: "Ankara believes that the lucrative construction contracts for the […]
By John Lee. Mass Group Holding (MGH) and GE Vernova have announced significant progress in the modernization of Iraq's largest power facility, the 4.5 GW Bismaya [Besmaya] Power Plant in Baghdad. Phase 1: Phase 1 involved Advanced Gas Path (AGP) upgrades on four GE Vernova 9F.04 gas turbines at the Besmaya Power Plant. The upgrades […]
By John Lee. The Iraqi Cabinet has approved the minutes of the technical committee of the Iraqi Railways Company tasked with negotiating with the Spanish company Imathia for the construction of the Basra-Shalamcheh railway line. A statement from the Prime Minister's Office said, "the contract will be finalized, considering the Legal Department's remarks, and the […]
By John Lee. The Iraqi Ministry of Transport has announced a tender for the design and completion of the Baghdad-Baiji railway line, with plans to upgrade the Taji-Baiji section to UIC60 standard gauge. Partially funded by the World Bank under the Emergency Development Project, the contract covers design and construction work to modernize the current […]
By John Lee. The Iraqi Ministry of Planning has held a workshop on nanotechnology, highlighting its potential as one of the most advanced scientific and technological developments in recent years. Presentations covered various aspects, including a report by Engineer Ahmed Farouk of the Ministry of Construction, emphasizing Iraq's need for nanotechnology research centers to keep […]
By John Lee. The Iraqi Ministry of Transport has announced the completion of the five-berth construction project at Al-Faw Grand Port's container terminal. According to Dr. Farhan Al-Fartousi, Director General of the General Company for Ports of Iraq, all stages of the project have been successfully finalized, following the directives of Transport Minister Razzaq Muhibis […]
