Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The National Investment Commission (NIC) has conducted a field visit to the Al-Jawahiri Residential City project, located in in Abu Ghraib, west of Baghdad. An engineering team inspected progress at the housing development, reviewing implementation stages and assessing compliance with the terms of the investment licence and approved timelines. The visit focused […]
By John Lee. The National Investment Commission (NIC) has reviewed progress on the Nahrawan City project in Baghdad, a 2,500-dunum development comprising 8,000 fully serviced housing units. The infrastructure works are being implemented by Al-Asim Real Estate and Tourism Investment Company, covering utilities and essential services for the planned residential community. During a site visit, Commission […]
By John Lee. UNESCO and the Government of Japan have launched a project to support children, youth, and communities in West Mosul and Sinjar to overcome the long-lasting impacts of conflict. The "Reviving the Bridges for Peace in Ninewa: Education and Reconciliation for Conflict-Affected Communities" initiative aims to strengthen social cohesion and peace-building through inclusive education, […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq's central bank rules out exchange rate change, backs customs reform Iraq's Central Bank Governor Ali al-Alaq said there are no plans to change the dinar's exchange rate, stressing that the bank's foreign reserves […]
By John Lee. South Korea's Hyundai Livart has reportedly won a contract worth KRW 117.8 billion [$80 million] to build worker accommodation, offices and other infrastructure at Iraq's Common Seawater Supply Project (CSSP) in Basra. According to Maeil Business Newspaper, Hyundai Livart secured the contract through a competitive bidding process against several Middle Eastern construction firms. […]
09By John Lee. Iraq's Industrial Coordination Council has approved a series of measures aimed at supporting industrial operations, infrastructure use, and fuel transition for manufacturing facilities. The Council approved the use of specialised berths (10 and 11) at Khor Al-Zubair Port to support the operation of a sponge iron plant, in line with the plant's […]
By John Lee. The Ministry of Electricity is moving to deepen its strategic partnership with General Electric (GE) of the United States, as part of plans to add up to 24,000 megawatts of new generation capacity and strengthen the national power system. The Director General of the Planning and Studies Department, Hussein Badr, chaired a […]
By John Lee. Iraq's Commission of Integrity has recovered more than $3 million in embezzled funds belonging to the Baghdad Municipality, following a favourable ruling by the Lebanese judiciary in support of the Iraqi government. The authority said the recovery was achieved through close coordination with the Iraqi Embassy in Beirut, leading to enforcement of […]
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Since January 2024, the Funding Facility for Stabilisation (FFS) project has been in a Transition Phase (2024-2026), consolidating nearly a decade of stabilisation gains across the five liberated governorates […]
By John Lee. The operational plan for the Development Road project has been reviewed, alongside progress on engineering designs and economic feasibility. The discussions were held during a meeting involving Oliver Wyman, the project's financial advisory firm, and BTP, the Italian engineering consultancy, at the headquarters of the Iraqi Republic Railways Company. Key points covered […]
By John Lee. Steps to implement the strategic Haditha-Baniyas crude oil pipeline project have been reviewed. The discussions focused on completing technical and logistical studies required to advance the project, which is intended to diversify Iraq's export outlets and increase crude oil export capacity. According to the Ministry, the pipeline is designed to enhance flexibility […]
By John Lee. Iraq's Council of Ministers has approved a new factory for the production of motorcycles and electric motorcycles. At its meeting on Tuesday, it approved the issuance of a licence to Babel Al-Dhahabiya Company for General Trading and the Trading and Manufacturing of Cars and Motorcycles. (Source: PMO)
