Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Daoud Najjar, has received approval from Iraq's Council of Ministers to hire an international law and an international auditing firm to investigate previous contracts at the Bismaya Residential City. According to a statement from the NIC, the firms will "propose a financial model, […]
By Muhammad Jawad Adib for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Will Iran's electricity cut turn Iraq toward Gulf? Iraq is facing reduced electricity and gas supplies from Iran, which might lead Iraq toward an electricity connection with the […]
By John Lee. The Ministry of Finance is to provide financing of 28.2 billion dinars ($19.3) to build a 95-km long coastal road along the Shatt al-Arab waterway. The plan was approved at this week's cabinet meeting, chaired by Prime Minister Mustafa Al-Kadhimi. According to the Cabinet Spokesperson, the Minister of Culture Hassan Nadhem, the […]
By John Lee. Three Egyptian construction companies are poised to win major contracts for housing projects in Iraq. In an interview with Egypt's Al-Dustour news service, Jaber Al-Hassani, Undersecretary of the Iraqi Ministry of Housing, said Iraq intends to sign contracts this month with three companies nominated by the Egyptian Ministry of Housing; one will […]
Mosul University's Theatre Hall Officially Reopens After ISIL Destruction The newly-rehabilitated Theatre Hall at Mosul University was officially opened yesterday by the United Nations Development Programme (UNDP), KfW Development Bank and Ninewa Governorate. The Theatre Hall, which was the biggest hall in Ninewa, was severely damaged during ISIL occupation and Mosul's liberation. It is rehabilitated […]
The European Union and UNICEF, in collaboration with Eni, launch a project to improve the water quality for 850,000 people in Basra The European Union (EU) and UNICEF, in collaboration with Eni, have launched a project in partnership with the Basra Governorate, aiming to improve the water quality for 850,000 people in Basra City, including […]
By Ksenia Svetlova, for The Jerusalem Post. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. How Iraq became the top link in China's belt and road strategy Almost 20 years after the war in Iraq began, billions of Chinese yuan are being invested […]
By John Lee. Mashareea Al-Taqa Company for Contracting and General Trading has won a contract with the United Nations Secretariat for the "construction of maternity ward and drug store in al Bu'Aiji Health Centre and a prefab waiting room for ration card entity, Baiji City, Salah al Din governorate." The contract is valued at $109,026.50. (Source: […]
By Abbas Kadhim, for the Atlantic Council. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq is forming a new government. But getting there will be complicated. Whatever the outcome of the ongoing negotiations, the prospects of the next government will depend on […]
By John Lee. Iraq was the largest beneficiary from China's Belt and Road Initiative (BRI) in 2021, according to a study by the Green Finance & Development Center, at Shanghai's Fudan University. It says the country with the highest construction volume was Iraq, with about $10.5 billion, followed by Serbia (about $6.8 billion) and Indonesia […]
By John Lee. The Cabinet held its regular meeting on Tuesday, under the chairmanship by Prime Minister Mustafa Al-Kadhimi. In the presence of the Governor of Najaf, Mr. Majid Al-Waeli, the Cabinet agreed a number of measures to improve public services in Najaf: Construction of a second bridge in the Abbasid district Completion of Ya […]
By John Lee. SAGMAN Company for Construction and Contracting Ltd has won a new contract with the United Nations Secretariat in Iraq. The $193,116 deal is for the construction of 15 core housing units in Sinjar (Tel Qasab Complex) District, in Ninewa Governorate. In November, the company was awarded a a contract for the construction […]
