Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 $97,100; United Nations Secretariat: Rehabilitation Al-Qosh Youth Center building in Al-Qosh Sub-District, Ninewa Governorate: Granted […]
KRG Prime Minister Masrour Barzani has inaugurated the second and third phases of Erbil's 150-KM ring road in a special ceremony. The two phases are a part of the 70-kilometer highway around Erbil, which will serve to connect the Kurdish capital with Duhok and Sulaimani, while also facilitating trade with neighbouring countries. "It is a […]
On June 8th, 2021, Mustafa Al-Kadhimi, Prime Minister of Iraq, hosted a contract signing ceremony between CSCEC (China State Construction Engineering Corporation) and the bureau of civil aviation of Iraq on the construction of the Nasiriyah International Airport. With a contract amount of 367 million USD, the project includes the construction of a terminal building, […]
By John Lee. Iraq's North Refineries Company (NRC) has added to its existing Tadano fleet with the delivery of three new Tadano GR-300EX-3 model cranes. NRC is based in Baji, a city of 175,000 in northern Iraq's Salahaddin Province, about 210km north of Baghdad. Founded in 1978, NRC's refinery endured significant turmoil during the Gulf […]
JICA renews commitment to boost infrastructure projects for socio-economic development in Iraq The United Nations Development Programme (UNDP) in Iraq and Japan International Cooperation Agency (JICA) Iraq Office have signed a renewed partnership agreement to monitor and accelerate the implementation of socio-economic infrastructure projects in Iraq. Implemented by the Government of Iraq (GoI) with loan assistance […]
Belgium increases its support to stabilization in Iraq with new EUR 1.5 million contribution The Government of Belgium has contributed an additional EUR 1.5 million (approximately US$ 1.49 million) to the Funding Facility for Stabilization. The critical funding will support stabilization efforts implemented by the United Nations Development Programme (UNDP) across Iraq's five governorates: Anbar, […]
