Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Kurdistan Development Corporation (KDC) has bought the majority shareholding of Erbil-based KREDCO Real Estate Limited Company. KREDCO has previously been described as a joint venture between the KDC and the Kuwait-based National Real Estate Company (NREC). According to a disclosure to the Kuwaiti stock exchange, NREC said it sold its 51-percent […]
By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi [Hamed Al Gazi] has laid the foundation stone for a 200-bed general hospital in Shatra City, in Dhi Qar province. The hospital will serve the inhabitants of Shatra and the surrounding areas. UK-based Protechnique will complete the project within 36 months, […]
The United Nations Development Programme (UNDP) in Iraq welcomes an additional PLN 1 million (approximately US$ 244,000) contribution from the Government of Poland to its flagship Funding Facility for Stabilization (FFS). This critical support will focus on stabilizing the five governorates liberated from the Islamic State of Iraq and the Levant (ISIL) to facilitate the […]
By John Lee. The Secretary-General of Iraq's Council of Ministers, Dr. Hamid Naim Al-Ghazi, has laid the foundation stone for a number of projects in Dhi Qar Governorate: the Al-Zaytoun Martyrs' Bridge; a local stadium, with capacity for 10,000 spectators; Imam Ali Street (peace be upon him); Al-Shatrah Hospital; and, two bridges in the Al-Moalemeen […]
By John Lee. Prime Minister Mustafa Al-Kadhimi has confirmed that more than half a million plots of land have been allocated for three million citizens under the "Dari" housing initiative. Applications for the scheme were made via an online process. Addressing the Cabinet, al-Kadhimi said that a plan has been made to provide the sites […]
By John Lee. Nudhum Albenaa for Engineering and Technical Consultancy has won a contract with the United Nations Office for Project Services (UNOPS) for "Design Consultancy Service for the Rehabilitation of selected Housing Units and Critical Services in Anbar". The contract is valued at $648,000. (Source: UNGM)
By John Lee. Iran's Minister of Roads and Urban Development, Rostam Qasemi, has said the Shalamcheh-Basra railway project, linking Iraq and Iran, will be completed within two years. He added that a joint venture between the Islamic Republic of Iran Railways and Iraqi Republic Railways (IRR) will be set up in two months. The most […]
By John Lee. The Iraqi government is working to set up a special fund to contribute to the development of Najaf province. Prime Minister Mustafa al-Kadhimi made the announcement following a visit to Najaf on Thursday. He also instructed the Ministries of Construction, Housing, Municipalities and Public Works to find solutions to the problems of […]
By John Lee. The National Investment Commission (NIC) has opened a new entrance to the city of Bismayah, near Baghdad. Head of the NIC, Suha Daoud Najjar [Suha Dawood Najar], said the road will reduce traffic and facilitate smooth entry for residents into the complex. It is 235 meters long and 50 meters wide, connecting […]
By John Lee. The Iraqi cabinet has required the developer of the Al-Khairat [Al-Khayrat] power station to also supply smart meters for use by domestic and industrial customers. According to a statement from the Cabinet, the investing company, which it says is Harlow International, will prepare between 100,000 and 150,000 smart meters, in addition to […]
Once an ISIL Prison, today a safe space for young people; MOYS, UNFPA inaugurate Ramadi Youth Centre The Ministry of Youth and Sports, the Governorate of Anbar and UNFPA re-opened the Ramadi Youth Safe Space on 25 December. The Youth Safe Space serves as a place for girls and boys to receive life and leadership […]
By Al Monitor staff. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iran and Iraq again agree to connect their railway networks Both countries pledged to build the Basra-Shalamcheh railway years ago but have yet to do so. Click here to read the […]
