Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
By John Lee. In Baghdad, Iraq's Minister of Trade, Atheer Daoud Al-Ghurairy, and Qatar's Minister of Commerce and Industry, Sheikh Mohammed bin Hamad Al Thani, signed the final report of the 7th Iraq-Qatar Joint Committee session, marking the first meeting in over six years. Minister Al-Ghurairy emphasized the commitment of both nations to enhance economic, […]
By John Lee. Prime Minister Mohammed Shia' Al Sudani met with Anil Bora Inan, the new Turkish Ambassador to Iraq, on Monday, welcoming him and wishing him success in his duties. The meeting focused on strengthening bilateral relations and implementing agreements made during Turkish President Recep Tayyip Erdoğan's visit to Baghdad last April, which resulted […]
The Embassy of Japan in Iraq, Ninewa Governorate, and UN-Habitat have laid the foundation stone for a new social housing project for returnees in Mosul. Following the high-level Round Table Meeting with key stakeholders, including Ambassador Futoshi Matsumoto and Governor Abdulqadir al-Dakhil, the foundation stone for the Japan Village Project was laid in Mosul. The […]
By John Lee. Iraq's Council of Ministers (Cabinet) has approved an increase in financial allocations for the Ministry of Electricity, amounting to 300 billion dinars [$229 mllion] from the operational budget to cover the following projects: 125 Billion Dinars: For urgent plan projects to alleviate distribution sector bottlenecks, including critical projects, feeders, and substation rehabilitation, […]
By John Lee. Malaysia's HSS Engineering Berhad (HEB) has signed a contract with the Mayoralty of Baghdad for the provision of Project Management Consultancy and Supervision Services for the Baghdad Metro Project. The contract is due to start this month, with a estimated completion date of May 2029. Estimated fees are almost $316 million. Statement […]
