Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Kurdistan Regional Government (KRG) is building two health centers in Erbil's Sebardan and Farmanbaran neighborhoods which will provide free health services to people. Saman Salman, the media director of the health ministry spoke about the allocated budget and said "the allocated budget for building the health centers is 1.320 billion [Iraqi dinars] and it […]
KRG Prime Minister Masrour Barzani has approved the allocation of 1.985 billion Iraqi dinars [$1.36 million] to help reduce the impact of floods in the village of Grdjotiar near Erbil. This amount will be implemented in stages on the investment budget of the Ministry of Agriculture and Water Resources. (Source: KRG)
89 investment projects worth over $2 billion have been implemented this year The implementation of investment projects in various sectors was one of the priorities of the Ninth Cabinet of the Kurdistan Regional Government (KRG). In 2022, the implementation of 89 investment projects began, with a capital of 2 billion and 135 million and 418 […]
By John Lee. Turkish company Elkon has said it has completed the installation of three concrete batching plants in Iraq. The installations are located in Baghdad, Diwaniya and Kut: Baghdad: Elkomix-135 Quick Master Compact Concrete Plant commissioned in Baghdad produces 3.33 m³ of vibrated concrete in each cycle with the ELKON twinshaft mixer with a […]
IRAQ IS ABOUT TO OPEN ITS FIRST 5-7 STARS HOTEL IN 40+ YEARS It can be said that one of the most important reasons for the reluctance of the process of economic and social development in Iraq over the past decades is the weakness or absence of investment in both the public and private sectors. […]
IOM, Finland to support local economic recovery for women and conflict-affected populations in Iraq In the face of Iraq's deepening financial crisis, the International Organization for Migration (IOM) in Iraq and the Government of Finland launched a EUR 2,000,000 project to support displacement-affected individuals whose businesses were destroyed or severely damaged by the conflict with […]
By John Lee. Iraq is reportedly planning to build its largest train station. According to Zawya, the new facility in Mosul will replace the old station, dating from 1935, which was badly damaged in the war against the so-called Islamic State (IS, daesh). It adds that the government has already approved the building of a […]
By John Lee. Iraq's Minister of Construction has signed a grant agreement to finance the Al-Khader and Al-Daraji water desalination project in Al-Muthanna Governorate Mr. Benkin Rikani [Bangin Rekani] signed the agreement with the Director of the German Development Bank KFW, Dr. Anna-Christine Janke, and the grant will be provided by the German Ministry of […]
The Kurdistan Regional Government allocated 187 million Iraqi dinars [$128,000] to renovate the Darbandikhan tunnel, set to open next week. The tunnel has been closed for two months as the work the tunnel began on October 2, 2022, and it is nearing an end. "The work to renovate Darbandikhan tunnel is coming to an end, […]
By John Lee. South Korea's Hanwha Group is reported to be "cautious" about resuming the construction at the giant Bismayah New City housing project, southeast of Baghdad. The Korea Times quotes an official at the company as saying that if the Iraqi government completes payment of the money owed to Hanwha, the company, "may resume […]
By John Lee. Jauf Albihar for General Trades and Contracts has won a contract with the United Nations Secretariat for the "Rehabilitation of Livestock Market, TelAfar, Nineveh Governorate." The contract is valued at $141,595. (Source: UNGM)
By John Lee. The Prime Minister, Mr. Muhammad Shia Al-Sudani, has chaired a meeting this week discussing the sea water desalination project in Basra Governorate. During the meeting, they discussed "the acceleration of contracting and financing mechanisms." The Prime Minister affirmed the government's intention to involve reliable international companies in the implementation of the project. […]
