Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi government has approved annual allocations of IQD 100 billion (USD 76.3 million) for each province covered by the Reconstruction Fund for the Most Impoverished Areas. The funding applies to five provinces: Basra Babil Diwaniyah Muthanna Najaf The allocations form part of ongoing efforts to support development and improve economic conditions […]
By John Lee. The Iraqi government has directed provincial authorities to monitor market prices and prevent hoarding, alongside approving a series of development, energy, and administrative measures. The decisions were taken during a meeting of the Higher Committee for Coordination between Provinces, chaired by Prime Minister Mohammed Shia Al-Sudani. The Prime Minister instructed governors to […]
By John Lee. Ibn Majid General Company, a subsidiary of the Ministry of Industry and Minerals, has announced progress on a project to rehabilitate the old Republic Bridge and construct a new parallel bridge in Maysan [Missan] province. The development will connect the eastern and western banks of the Tigris River in the Awasha area […]
By John Lee. The Iraqi State Company for Cement, part of the Ministry of Industry and Minerals, has reported increased production at its Basra, Najaf and Al-Qaim plants in January. According to Director General Awad Kazem Abdul Amir, the Basra Cement Plant recorded output of 41,123 tonnes, reflecting improved resource management and operational readiness. The […]
By John Lee. Iraq is to build facilities for justice-related departments, including the Directorate of Real Estate Registration, on the West bank of the Tigris in Mosul. The Iraqi Cabinet approved an exemption for a project on Tuesday, removing the project from the requirements of Cabinet Decisions No. 421 of 2025 and No. 3 of […]
By John Lee. The World Bank has imposed a sanction of debarment with conditional release on the Turkish company Aktif Elektroteknik San ve Tic A.S. following findings of corrupt and fraudulent practices in Iraq. It said the company has been debarred for a minimum period of one year and three months. The firm may only be […]
By John Lee. Gocay Insaat of Turkey has been granted an additional extension to enable it to issue the required bank guarantee for the infrastructure project in Samarra. According to the Prime Minister's Office, the Cabinet approved the extension to allow the company to complete the procedures for obtaining the guarantee from the relevant banks […]
By John Lee. Gaith Al-Meshreq has won a contract with the United Nations Development Programme (UNDP) for "Refurbishing Port Control Unit at the Port of Um Qasr, Basrah." Contract value is stated as $23,530.57. (Source: UNGM)
From Amnesty International. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq: Ensure accountability for killing of women's rights activist Yanar Mohammed Responding to the killing of prominent Iraqi women's rights activist Yanar Mohammed, who was shot by unidentified gunmen on a motorcycle outside her […]
From the Iraq Britain Business Council (IBBC): You could be forgiven for thinking that Iraq is only dependant on oil and is a country struggling with conflict. However, reality has moved on from old perceptions and scarcely reflect the recent changes and dynamics that are tangible and progressing well. With a stable economic and political […]
By John Lee. Eemar Sinjar Company for General Contracts Ltd. has won a contract with the United Nations Office for Project Services (UNOPS) for the "Rehabilitation of two drinking water supply stations in Iraq." Reference: ITB/2025/60606. The contract value was stated as $460,916. (Source: UNGM)
By John Lee. A $65-billion investment is planned to transform the Al-Tayeb border area into a multi-service economic city, according to the National Investment Commission (NIC). Commission Chairman Dr Haider Mohammed Makkiya (pictured) told the state-run Iraqi News Agency (INA) that Al-Tayeb is envisaged as an economic city covering more than 120,000 dunams, with total […]
