Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with leading Egyptian business representatives in El Alamein, Egypt, on Tuesday, during his official visit to the country. The meeting emphasized the strategic relationship between Iraq and Egypt, highlighting the potential for economic integration between the two nations. Al-Sudani noted Iraq's ongoing recovery and stability, […]
By John Lee. Iraq is reportedly preparing to grant an investment licence for its first blue ammonia production plant, which will be situated in Basra Governorate. A spokesperson for the National Investment Commission (NIC) told the state-run Iraqi News Agency (INA) that the project will reduce carbon emissions into the atmosphere, making it environmentally friendly. […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting to discuss relocating old brick factories from Nahrawan due to their proximity to residential areas, and their negative environmental effects. According to the Prime Minister's Office, these factories, which often lack work permits and employ outdated machinery, contribute to pollution and exploit vulnerable workers, […]
By John Lee. The Iraqi government has approved the transformation of the former Al-Rasheed military camp in eastern Baghdad into sustainable forests and recreational areas. The plan also includes the construction of a 12,000-unit residential complex on the site, replacing previous land allocations. Development will focus on environmentally friendly specifications and recreational activities, while an […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the construction of four key chemical and industrial projects in Karbala Industrial City. The projects include: an industrial gases plant (1,000 tons/day); a white oils plant (1,000 m³/day); an organic solvents plant (1,000 m³/day); and a vacuum distillation plant (2,500 tons/day). The new industrial city, […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has initiated the construction of three major power projects in Karbala: a 132 MW combined cycle gas power plant; a 300 MW solar power project; and the 400 kV Karbala transmission substation with a capacity of 1500 MVA. According to a statement from the Prime Minister's […]
By John Lee. Prime Minister Mohammed Shia' Al Sudani chaired the regular meeting of the Higher Committee for Investment and Reconstruction, focusing on improving investment mechanisms across various economic and developmental sectors. The committee approved the creation of "New Wasit City," a residential project in Wasit province, as part of the government's vision to develop […]
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. […]
