Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi Cabinet has approved recommendations from the Ministry of Industry and Minerals (Industrial Development and Regulation Directorate) to impose an additional customs tariff of 50 percent on imported paper bags used for packaging cement. The new measure will come into force after 120 days, and run for four years, during which […]
By John Lee. Prime Minister Mohammed Shia' Al-Sudani has inaugurated the execution of urban development projects in the southwestern area of the Al-Haidari Shrine during his visit to Najaf on this week. The visit is part of his regular provincial tours to oversee services and prioritize infrastructure and economic development projects, emphasizing Najaf's unique significance. […]
From Kurdistan24. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's Ambassador to China announces major educational, trade initiatives Beijing plans to build 8,000 schools throughout Iraq and the Kurdistan Region as part of an oil-for-investment agreement. Click here to read the full article.
By John Lee. The Iraq Development Fund Board, chaired by Prime Minister Mohammed Shia' al-Sudani, held its third meeting on Monday in the presence of the Minister of Finance, the Minister of Planning, and the Minister of Construction, Housing, Municipalities, and Public Works. The meeting discussed the projects included in the Fund's work plan, attracting […]
By John Lee. The Iraq Britain Business Council (IBBC) has announced the addition of MHDInternational to its network. According to a statement from IBBC: "MHDInternational, an engineering consultancy with operations throughout UK and the Middle East, joins IBBC in our mission to promote sustainable development and economic growth in Iraq ... "MHDInternational is also introducing […]
By John Lee. The Iraqi Cabinet has decided to extend the tendering period for the Najaf-Karbala train project by an additional month. According to a statement from the Prime Minister's office, the extension was agreed in the hope of attracting more bids, and to "ensure competition beyond the single offer currently received." (Source: PMO)
By John Lee. The Director-General of Iraq's General Company for Railways has given more details about the role of the consultancy firm Oliver Wyman in the Development Road project. Younis Al-Kaabi told the state-run Iraqi News Agency (INA) that the consultation period is limited to 9 months, with the company to provide: A summary of […]
By John Lee. Iraq's Ministry of Oil has signed a Heads of Agreement (HoA) with the Chinese company Geo-Jade and the Iraqi company Crescent Basra (Hilal al-Basra) to invest in the integrated development project at the Tuba field, in the Zubair district of Basra. According to a statement from the Ministry, the project would have […]
By John Lee. The Iraqi Cabinet has approved the conversion of the Al-Kadhimiya military base, commonly known as the Fifth Division, into a new urban civic center. According to a statement from the Prime Minister's Office, the new development will include recreational, educational, cultural, and hospitality facilities, including hotels, hospitals, health centers, sports stadiums, civil […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani announced the start of work on the sewerage project in Al-Wahda district, located south of the capital Baghdad. This project is one of four strategic initiatives initiated by Al-Sudani to address sewerage issues in several areas of Baghdad province, exceeding a cost of one trillion dinars ($764 […]
By John Lee. A former employee of STX Marine Service has reportedly been indicted for allegedly leaking information about the company's Iraqi power plant management project to a subcontractor in Iraq. The incident appears to relate to the company's $500-million project to restore and operate diesel-fueled electric power plants in Iraq. More here. (Source: Korea […]
By Simon Watkins for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Looks To Finish Phase 1 of CSSP Oil Megaproject by 2028 On the face of it, there is no good reason why Iraq cannot become one of the world's […]
