Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Pakistan's Attock Cement Pakistan Limited will reportedly sell its investment in its cement grinding facility in Iraq. Pro Pakistan reports that its 60-percent share in Saqr Al-Keetan for Cement Production Company Limited (SAKCPCL), located at Khor Al-Zubair, Basra, will be sold for a US$23.4 million, to be paid in three tranches. The […]
In coordination with the Iraqi Ministry of Water Resources, the Kurdistan Region will construct three new strategic dams to capture one billion cubic meters of water. Within the framework of the Kurdistan Regional Government's strategic plan to fight drought, three dams named "Dalga", "Mandawa", and "Bakrman" will be constructed in the Erbil, Duhok and Raparin […]
By John Lee. Prime Minister Mohammed S. Al-Sudani has supervised the launch of two new projects aimed at relieving traffic congestion in Baghdad. The first project involves the construction of two overpass bridges at the intersection of Aden and Sana'a squares on the Karkh side of Baghdad. The second project includes the construction of two […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, met with the Syrian Ambassador to Baghdad, Mr. Sattam Jadaan, to discuss strengthening economic cooperation between Iraq and Syria. They talked about potential joint investment opportunities in various sectors, including housing, oil, industry, agriculture, and electricity. The Chairman expressed Iraq's […]
By John Lee. The High Committee for the Development of Sadr City convened this week under the leadership of Prime Minister Mr. Mohammed S. Al-Sudani to discuss the practical steps needed to commence construction of the new city. During the meeting, the committee engaged in extensive discussions about the project's implementation mechanisms, requirements, and how […]
By John Lee. Shares in Gulf Keystone Petroleum (GKP) were trading down more than seven percent on Thursday morning, after it issued an update on operational and corporate activity and 2023 guidance following the shut-in of the Iraq-Turkey pipeline on 25 March 2023. Jon Harris, Gulf Keystone's Chief Executive Officer, said: "Gulf Keystone was on […]
By John Lee. The Iraqi Ministry of Transport has said that it is studying the designs for the "development road project", sometimes referred to as the "dry canal project". The project will link Iraq's Grand Faw port, which is still under construction, by rail to the Mediterranean, with the intention of providing a cost-effective alternative […]
By John Lee. The World Bank's International Center for Settlement of Investment Disputes (ICSID) has appointed an ad hoc committee to consider the possible annulment of an award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. Germany's AHG Industry GmbH & […]
By John Lee. Iraq's Ministry of Transport met with a delegation from the Dubai-based company Gravo DMCC to discuss the delegation's request for support and development of Iraq's railway sector through partnership. The meeting was attended by the relevant department directors. It was decided to continue meetings between the parties to try to achieve shared […]
By John Lee. The Iraqi Cabinet has approved recommendations to transform Al-Rashid Camp in Baghdad. Plans include the development of a second Medical City at the Al-Rasheed Military Hospital, to include an air base, in addition to the provision of new green spaces. The lands of Al-Rashid Camp will be re-allocated to the Municipality of […]
By John Lee. The Prime Minister of Iraq, Mr. Mohammed S. Al-Sudani, has held a meeting to discuss the new Sadr City project, which aims to address the problem of overpopulation in Sadr City. The project will be built on a total area of 4,000 dunums (400 hectares). Full statement from the Media Office of […]
By John Lee. The Iraqi Jordanian Company for Industry, a joint venture set up by the Jordanian and Iraqi governments, has invited local and international companies to view the tender documents related to the development of the joint "Economic City" project (i.e. Free Zone) between Jordan and Iraq. The new zone will be built on […]
