Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Mohamed Sabry for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Egypt to build desalination plant in Iraq Egypt plans to build a desalination plant on the Euphrates River to help address acute water shortages in southern Iraq amid lack […]
By John Lee. Greek construction company Archirodon has filed a petition to enforce an arbitration award against the General Company for Ports of Iraq, the Iraqi Ministry of Transport, and the Republic of Iraq. According to Offshore Alert, the company is claiming $105 million relating to an arbitration award that was granted three years ago. […]
Norway reaffirms its commitment to stabilization in Iraq with US$ 7.5 million contribution The Government of Norway has made a new contribution NOK 70 million (approximately US$ 7.5 million) to the United Nations Development Programme (UNDP) Iraq's Funding Facility for Stabilization (FFS), which supports stabilization, durable solutions, and the safe return of internally displaced Iraqis […]
UN-Habitat Iraq receives generous support from Korea International Cooperation Agency (KOICA) to promote peace and stability by facilitating sustainable returns UN-Habitat Iraq welcomes the contribution of USD 6 million from the Korean Government through the Korea International Cooperation Agency office in Iraq. Today, during his visit to UN-Habitat Office, Mr. Cho Hyeong Lae, Country Director, […]
By John Lee. Croatia's Koncar Group has signed an agreement worth EUR 65 million ($69 million) with Iraq's Ministry of Electricity for the revitalization of Haditha hydroelectric power station. Under the agreement, the company will carry out what it describes as "a partial revitalization of generation units, replace part of the MV and HV equipment, […]
By John Lee. Prime Minister Mustafa al-Kadhimi has laid the foundation stone for the project to build 1,000 schools across Iraq. The schools will be built with support from the People's Republic of China.. Contracts for the project were signed last December with the Power Construction Corporation of China (PowerChina) and Sinotech. (Source: Media Office […]
After Destruction, Sinjar Court House Officially Reopens with Support from USAID and UNDP The Sinjar Court House has been reopened with support from the United Nations Development Programme (UNDP) and the United States Agency for International Development (USAID). The Court House, which provides important legal services such as administration of justice, was left severely damaged […]
By Ammar Karim for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Life in the slow lane for Iraq's gridlocked traffic Five years ago, Iraqi taxi driver Osama Mohammed would make about six trips a day across Baghdad. Today, traffic is […]
By John Lee. Iraq's Ministry of Industry has reportedly invited investors for its new Wasit Industrial City. The Director of Planning at the Industrial Cities Authority of the Ministry, Amal Hassan Al-Bazzouni, told Al-Sabaah news agency that the authority was keen to make the industrial city environmentally friendly. The development will cover an area of […]
Italy reaffirms its commitment to Iraq's stabilization with EUR 2 million contribution The Ministry of Foreign Affairs and International Cooperation of Italy, through the Italian Agency for Development Cooperation (AICS), is supporting the United Nations Development Programme (UNDP) with an additional EUR 2 million (approximately US$ 2.26 million) to assist communities affected by the Islamic […]
By John Lee. Hyatt Hotels Corporation has opened its Hyatt Regency Erbil Residences in Iraq. Located next to the World Trade Center, in Erbil's Gulan Park development, the project offers long-term accommodation in 93 serviced apartments. The adjoining 204-room hotel, Hyatt Regency Erbil, is expected to open in 2026. (Source: Hyatt)
The economy is recovering well amid high oil prices, with real GDP projected to reach its pre-pandemic level this year. Cushioning the impact of surging food prices on the most vulnerable is the most urgent priority. Using the current favorable oil market conditions to accelerate structural reforms and advance socio-economic priorities will be key to […]
