Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Industrial Cities Authority, affiliated to the Ministry of Industry and Minerals, held a meeting with the South Korean company TRAC Development Group to discuss establishment of an industrial city in Habbaniyah. Both sides sought to enhance communication and exchange of experiences with countries that are capable of managing industrial cities. The […]
By John Lee. Iraq's Ministry of Construction, Housing and Public Municipalities has announced the completion of the Arar-Anaza road project. The project was overseen by the Roads and Bridges Department of the Ministry and executed by the Ashur General Company for Construction Contracting. This 29-km road, with a width of 6.3 meters, was completed at […]
Iraq Reform, Recovery and Reconstruction Fund I3RF : Trust Fund Annual Progress Report to Development Partners 2022 The Iraq Reform, Recovery and Reconstruction Fund (I3RF) was founded in partnership with the Government of Iraq in 2018 and is funded by Canada, Germany, Sweden and the United Kingdom.The Trust Fund provides a platform for financing and […]
By John Lee. The Director General of the Iraq Railways Company, Eng. Yunus Khaled Jawad, held a meeting with representatives of Alstom and Hyundai this week at the company's headquarters. The purpose of the meeting was to discuss the plan for the implementation of the Baghdad Elevated Train (BET) project, also known as "Baghdad monorail". […]
By John Lee. Iraq's giant Nibras (Nebras) petrochemical project looks set to be revived, according to a statement from the Iraqi government. The Cabinet made a number of decisions relating to the project this week, including: Setting the price of the gas used to operate the project at 1.5 dollars per million British thermal units […]
By John Lee. The Gulf Cooperation Council Interconnection Authority (GCCIA) has signed 5 contracts with companies to implement the electrical interconnection project between the Gulf states and Iraq. According to a post by @raad_arabi on Twitter, the total cost of the project is more than $200 million. The authority will construct a 295-km power line […]
By John Lee. A new road map has been put in place for the continuation of work on the the giant Bismayah New City project on the outskirts of Baghdad. According to a statement from the National Investment Commission (NIC), South Korean company Hanwha is expected to sign a revised contract in the coming weeks, […]
By John Lee. Germany's AHG Industry GmbH & Co. KG has applied for an annulment of the recent award made in favour of the Iraqi Government, in relation to a dispute over the alleged takeover of a cement factory in Kirkuk. The World Bank's International Center for Settlement of Investment Disputes (ICSID) had previously dismissed […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, has met with Sheikh Hazar Al-Zibari, Chairman of Hazar Group, which is the Iraqi partner of the Turkish YDA Holdings . During their meeting, Sheikh Al-Zibari discussed various projects that the group intends to implement in Iraq, including residential city […]
By John Lee. The Chairman of Iraq's National Investment Commission (NIC), Dr. Haider Muhammad Makiya, has met with the Chairman of Egypt's Orascom Investment Holding company, Naguib Sawiris. According to a statement from the NIC, they discussed a number of opportunities and sectors the company is willing to invest in, such as taking part in […]
The Kurdistan Region's Directorate General of Antiquities and Heritage in 2022 has signed 47 contracts with universities and foreign organizations to develop and renovate archaeological sites, recording the highest number of agreements in the history of KRG in the related field. The projects, which formed by 33 new agreements and reviving 14 contracts, focus on […]
By John Lee. The Board of Directors of Iraq's General Company for Grain Trading, which is owned by the Ministry of Trade, as approved the building of a 100,000-ton grain silo in Wasit Governorate. The Chairman and General Manager, Dr. Haider Nouri Al-Karaawi, said the decision supports efforts to strengthen grain storage capacities nationwide in […]
