Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. KRG President, Masrour Barzani, has agreed to allocate 2.878 billion Iraqi dinars [$2 million] to help relieve the effects of drought in Erbil governorate. The funds will be used to dig 40 wells to provide drinking water in the province. (Source: KRG)
Prime Minister Mr. Mohammed S. Al-Sudani launched 150 public service and development projects in the capital Baghdad during the celebration held Thursday evening on the occasion of the centenary of the founding of the Mayoralty of Baghdad. The projects consist of four phases: The first phase includes 70 road development and pavement projects with an […]
Waste gas used to generate power in Garmian, Kurdistan A significant step taken by the ninth cabinet of the Kurdistan Region Government (KRG) was to reduce the impact of waste gas on the environment and produce electricity using this gas from oil wells. The Garmian waste-gas-to-power-plant project is a 165-MW facility of its kind in […]
By John Lee. Al Shamsh Co. For Trading & General Contracting has won a new contract with the United Nations Secretariat for the extension of Al-Aadil Health Center in Ramadi district, Anbar Governorate. The contract is valued at $129,912. (Source: UNGM)
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 […]
