Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. In its first regular session of the year, the Iraqi Cabinet approved a $736,243,600 integrated residential project, to be constructed on parcels 25/12, 23/75, and 23/76 in District 21, Al-Salam, Baghdad. It granted approval for Ahl Al-Wafa Trading and General Contracting to implement the project and obtain the investment license for the […]
By John Lee. Abeer Alshimal Company For General Contracting Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of Cat IV Housing Units in Karma, Fallujah and Ana in Anbar." The contract is valued at $1,871,889. (Source: UNGM)
By John Lee. Prime Minister Mohammed Shia Al-Sudani has laid the foundation stone for the Al-Jawahiri Residential City project in Abu Ghraib, west of Baghdad. The project is one of the five new cities unveiled as part of the government's strategy to tackle the housing crisis and alleviate congestion in major urban centers. According to […]
By John Lee. In a meeting attended by the Spanish Prime Minister Pedro Sanchez, Iraqi Prime Minister Mohammed Shiaa Al-Sudani met with representatives from Spanish businesses and Iraqi entrepreneurs. The Spanish companies attending the meeting were: Andra Consultrans Group: A Madrid-based, "engineering, architectural, strategic consultancy and information and technology projects for the transport sector, both […]
By John Lee. Saudi Arabia's Gulf Elevators and Escalators Co. (GEEC), a subsidiary of Mayar Holding, has signed an exclusive agency agreement with Midpoint Trading and Agencies Ltd. in Iraq. According to a statement from Mayar, under the three-year agreement, Midpoint Trading and Agencies will exclusively market, sell, install, and maintain Gulf Elevators' elevator and […]
By John Lee. The Iraqi Cabinet has endorsed the Central Review and Approval Committee's recommendation to proceed with the referral and appeal process for the Daghara Residential Project in Diwaniyah Province. According to a statement from the Prime Minister's office, the companies involved are Al-Ansab General Contracting Company and Al-Ansab Towers General Contracting Company. It […]
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of Iraq to provide a Japanese ODA loan of up to 45,298 million yen [$320,ooo] for the Samawah Water Supply Improvement Project. In order to improve water-supply volume, water quality, and service hours, and to make effective use of water resources, […]
By John Lee. The Iraqi Ministry of Planning has granted approval for the inclusion of earmarked investment projects in its 2023 budget. The projects encompass allocations such as 1 trillion dinars [$763 million] for Iraq Development Fund projects, 500 billion dinars for projects in the most impoverished provinces fund, 50 billion dinars for Sinjar and […]
By John Lee. The Turkish Foreign Minister, Hakan Fidan, and the Deputy Prime Minister and Foreign Minister, Fuad Hussein, met in Ankara on Tuesday, accompanied by high-level security and military officials from both countries. Talks covered issues related to counterterrorism, security, and water resources, with both sides committing to continue developing relations. The meeting included […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani received the Ambassador of Austria to Iraq, Mr. Andrea Nasi, on Tuesday, on the occasion of assuming his duties as the country's first resident ambassador in Baghdad in thirty years. According to a statement from the Prime Minister's office, discussions covered various aspects of bilateral relations between […]
By Dewey Grant. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Social Media Marketing Strategies: Reaching Iraqi Audiences Effectively Iraqi digital landscape is evolving rapidly, and even though there are plenty of limitations when marketing to Iraqi audiences, there is a way to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani commended the signing of a partnership agreement between the private Iraqi company Al-Diyar Al-Iraqia and the Saudi Northern Region Cement Company, marking the first collaboration between the private sectors of Iraq and Saudi Arabia in the field of cement. The event took place during the reception of […]
