Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Prime Minister of Iraq, Mr. Mohammed Shia Al-Sudani, has laid the foundation stone for a large tourism complex in Baghdad. The project includes a large hotel, a residential complex, and various tourism facilities. The Qatari Investment Holding Company [Estithmar Holding] is leading the project, which marks Qatar's first investment venture in […]
By John Lee. The Japanese government has reportedly announced the initiation of seven new projects in Iraq, building upon their history of contributions to the nation. Futoshi Matsumoto (pictured), the Japanese ambassador to Iraq, told the state-run Iraqi News Agency (INA) that Japan has successfully executed 30 significant projects over the last two decades, all […]
By John Lee. The Japan International Cooperation Agency (JICA) has ssigned a loan agreement with Iraq to provide a Japanese ODA loan of up to 203,060 million yen [$1.4 billion] for the Basrah Refinery Upgrading Project (V). This project will improve Iraq's capacity for producing oil products and the quality of such products by installing […]
From UNDP: Iraq's National Human Development Report: Strengthening the Social Contract in Iraq Over 120 of the Iraq's primary stakeholders and thought leaders came together during the country's 1st consultation session on the development of the National Human Development Report (NHDR). During the event, ways to strengthen the social contract between the country's leadership and […]
DNO ASA, the Norwegian oil and gas operator, today reported that production from its flagship Tawke field in Kurdistan has been restarted following a four-month shut-in triggered by the closure of the Iraq-Turkey Pipeline export route. Production was restarted last month to conduct well integrity tests and synchronize reservoir models but has continued in response […]
By John Lee. The Director of the General Company for Iraqi Ports, Eng. Farhan Al-Fartousi, has announced some key statistics for the new navigational canal project at Khor Abdullah and the Grand Faw basin: Up until the 10th of August, a total of 8,764,460 cubic meters of mud have been dredged. The ongoing projects include […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired the fourth meeting regarding the New Sadr City project. During the meeting, initial structural designs for the project were approved after a detailed presentation by the company responsible for its development. Key points discussed during the meeting included the resolution of land ownership procedures involving the […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a summary of investments in the region over the past four years: Between August 28, 2019, and August 5, 2023, the ninth cabinet of the Kurdistan Regional Government completed 280 diverse investment projects across the region. A total of $13.53 billion was invested in these […]
By John Lee. A press release from the World Bank highlights the need for more schools to be built in Iraq. In their report -- Iraq: New schools and improved learning bring hope to the poorest children, but more is needed -- Jaime Saavedra and Elisabeth Sedmik argue that more than 8,000 schools need to […]
By Muhammed Fansa for Enab Baladi. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Sanctions and rehabilitation costs impede operation of the Kirkuk-Baniyas oil pipeline After the first visit of the Iraqi Prime Minister, Mohammed Shia al-Sudani, to Syria, and his meeting with the […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani reviewed initial plans and overall outlines for a large tourist complex in central Baghdad on Sunday. The project proposal was submitted by the Qatari Investment Holding Company [Estithmar Holding], specialized in real estate development and investment in tourist destinations. Pictures provided by the Media Office of the […]
By John Lee. In an effort to address the water scarcity crisis and expedite the implementation of a seawater desalination plant project in Basra province, the Iraqi Cabinet has made the following decisions: Amendment to Previous Decision: The Cabinet has revised the resolution made in 2021 under Cabinet Decision No. 315. Project Transfer: The Ministry […]
