Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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. […]
KRG Prime Minister Masrour Barzani laid the foundation stone for the British campus of the University of London in Erbil. Prime Minister Barzani stated the Kurdistan Regional Government's (KRG) Ninth Cabinet has prioritized developing its education sector and highlighted the efforts taken to expand and evolve academic studies across the Kurdistan Region. "I am pleased […]
UNICEF, funded by Germany, ensures access to safe drinking water to more than 250,000 people in Al Najaf Governorate UNICEF and the German Embassy handed over a water project funded by Germany, to the Governorate of Al Najaf. This project will secure safe and clean drinking water benefitting more than 250,000 people in south Al […]
By John Lee. The United Nations (UN) has awarded several Iraq-related contracts recently: United Nations Secretariat: Development of Side Walkways for Streets in AlAsry Neighborhood-Baiji District, Salahddin Governorate: Granted to Aswar Al-Hadhaba General Trading, Contracting and Transportation Ltd. Contract value $97,100; United Nations Secretariat: Rehabilitation Al-Qosh Youth Center building in Al-Qosh Sub-District, Ninewa Governorate: Granted […]
