Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi Ministry of Transport has announced the reactivation of eight previously dormant rail lines: The first dual line from south Baghdad to Al-Musayyib, covering 40 km, on August 30, 2023; The rehabilitated Baiji field line, opened on November 5, 2022; The North Umm Qasr Port Rail Line, on December 22, 2022; […]
By John Lee. According to a statement from the KRG, on the third day of the 5th International Trade Fair for Industry and Construction in Erbil, business opportunities are flourishing. It says a total of 210 companies, from 10 different countries, are actively participating in the fair, with 38 of them being Kurdish and Iraqi […]
By John Lee. The Iraqi Cabinet has approved the completion of 30,000 housing units at the Basmaiyah residential complex outside Baghdad. Payment via Rafidain Bank to the Korean company Hanwha for completed housing units was also approved. The National Investment Commission (NIC) was also authorized to proceed with the remaining 70,000 units. (Source: Media Office […]
By John Lee. On Sunday, the President of the Republic of Iraq, Abdullatif Jamal Rashid met with the Saudi Commerce Minister and Head of the Saudi-Iraqi Coordination Council, Majid al-Qasabi alongside a group of Saudi businessmen. At the meeting, President Rashid urged Saudi businessmen to invest in Iraq, assuring government support and facilities for investors. […]
By John Lee. Italy's Consorzio Arke has won a contract with the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the "Execution of Conservation Works on the three Mihrabs of the Al Nouri Mosque, Mosul." The contract is valued at $159,830. The mosque was badly damaged during the war against the so-called Islamic State […]
By John Lee. Fallujah-based Aswar Al-Dammam for General Contracting has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Rehabilitation of 153 Damaged Houses in Sinjar District, Ninewa Governorate". The contract is valued at $665,752.38. The potential end date is given as Sunday, April 27, 2025. (Source: UN)
By John Lee. Baghdad-based Sar Albraa for General Contract and Trade has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Construction of Stormwater and Water Networks in Al Kubiya Neighbourhood, Basra Governorate." The contract is valued at $235,510. The potential end date is given as Thursday, October 23, 2025. […]
By John Lee. The Saudi company Northern Region Cement has signed a contract with Germany's KHD to build a cement production line in Iraq. According to a statement to the Saudi Stock Exchange, the new plant will have an annual capacity of 1.32 million tons of cement, and the project should be completed within 16 […]
By John Lee. Ahla Al-Jinan Company has won a contract with the United Nations Assistance Mission for Iraq (UNAMI) for the "Construction of the Woman Shelter in Diwaniyah Governorate". The contract is valued at $172,225. The potential end date is given as Monday, February 19, 2024. (Source: UN)
By John Lee. Al-Ekhwa Al-Nubalaa for General Trading & Contracting Limited has won a contract with the United Nations Office for Project Services (UNOPS) for the "Construction of Cat IV Housing Units in Ninewa, Sinjar and Ba'aj Districts" The contract is valued at $1,657,607. (Source: UNGM)
From the Iraq Britain Business Council (IBBC): IBBC Autumn Conference in Dubai examines: 'Iraq - Building a sustainable future'. For the first time in over 30 years, Iraq is currently experiencing a relatively golden scenario with high oil prices and government surpluses, a stable government, and peaceful borders. A stable economy is also leading to […]
By John Lee. The Iraqi Ministry of Water Resources has announced that it will resume 25 projects that have remained inactive for the past decade. The Ministry also disclosed the withdrawal of the Eastern Jazeera Irrigation Project from two companies with a history of delays. Khalid Shamal, the Ministry's spokesperson, informed the state-run Iraqi News […]
