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 inaugurated three significant infrastructure projects in Baghdad via video link. These include: Baghdad Entrance Project: The main entrance from Diyala-Kirkuk was upgraded, expanding the road from 10 to 16 meters with improved highway standards. Nahrawan Water Project: Located southeast of Baghdad, this project, stalled since 2012, […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sudani pushes to realize old Iraqi dream of Baghdad Metro A dream of Iraqi city planners since the 1980s, long-stalled plans for a metro system in Baghdad have received a shot in the […]
By John Lee. Prime Minister Mohammed Shia' Al Sudani inaugurated the Debes [Dibs] Gas Power Plant in Kirkuk via video link, marking the completion of a 320 MW facility that had been stalled since 2004. Restarted in late 2022, the project overcame significant legal, administrative, and logistical challenges, according to a statement from the Prime […]
By John Lee. The Kurdistan Regional Government (KRG) has said it has implemented a strategic plan to revive suspended water projects. Total number of dams in the Kurdistan Region: 34 Completed dams: 23 Dams under construction: 11 Six dams completed since 2019: Chamrga Khans Dewana Turajar Akwban Shawger Expected completion by end of 2024: Gomaspan […]
By John Lee. The Iraqi Cabinet has approved key components of the Development Road project, focusing on the rehabilitation and expansion of railways. The project, with an estimated cost of 3.932 trillion dinars [$3 billion], will be included in the Ministry of Transport's 2024 investment budget, funded through a mix of budgetary allocations and loans. […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has launched the country's National Development Plan (NDP) 2024-2028. In what the United Nations Development Programme (UNDP) describes as "a significant step toward advancing Iraq's development agenda," the plan was a collaboration between the UNDP and Iraq's Ministry of Planning with the support of the United […]
By John Lee. The Iraqi Oil Pipelines Company has rehabilitated the six-inch fuel oil pipeline extending from the "June 1" depot to the Kirkuk Cement Plant in Lilan, southeast of Kirkuk. According to a statement from the Ministry of Oil, the pipeline, inactive for over three years, is now fully operational. Ali Abdul Kareem Al-Moussawi, […]
By John Lee. Erbil-based Prime Water Technology has won a series of contracts with the United Nations Office for Project Services (UNOPS) for the restoration of three boreholes in Sinjar: Lot 1 - Restoration of Al-Qabousiyah borehole: Contract value $225,063; Lot 2 - Restoration of Beir Shireen borehole: Contract value $307,389; Lot 3 - Restoration […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani initiated the expansion of Al-Haidariya [Haydariya] and Najaf combined-cycle gas power plants, adding a total capacity of 495 MW, alongside a new 400 kV transformer station. These projects are part of a strategic agreement with Siemens, which includes two phases: the first phase involves three plants in […]
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 […]
