Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. KRG begins buying wheat from farmers for the first time The government and private sector are investing millions to develop tourism infrastructure in the beautiful mountains and canyons of Erbil's Soran district. A private […]
By John Lee. The Iraqi cabinet has agreed to grant the Dubai-based Emaar Properties a plot of land for development at Baghdad International Airport (BIAP). The 1,000 acres will be used for a new residential area with integrated facilities, and a cultural and sports club with a golf course. (Source: Govt of Iraq)
By John Lee. At their regular Cabinet meeting on Tuesday, Iraq's Council of Ministers approved the establishment of a new city around Baghdad International Airport (BIAP). The new city will be called Rafael [Rafeel], and it will cover 10,600 acres. The cabinet added that, "it will be available for investment opportunities, provided that the land […]
By John Lee. The Central Bank of Iraq (CBI) has announced increased funding for the housing sector, and the cancellation of interest on "old and current" loans. It said it has allocated 1 trillion dinars [$685 million] to the Real Estate Bank and about 900 billion dinars [$616 million] to the Housing Fund. (Source: CBI)
By John Lee. Iraq is reportedly planning to build eight nuclear power stations to provide much-needed electricity. According to Bloomberg, the $40-billion scheme would provide 11 GW of power to the Iraqi grid. Click here to read the full article. (Source: Bloomberg)
By John Lee. Iraq and China have signed a contract for the rehabilitation of Nassiriyah International Airport. Prime Minister Mustafa al-Kadhimi attended the signing on Tuesday. According to Shafaq, the contract was signed by the Iraqi Civil Aviation Authority (ICAA) and the China State Construction Engineering Corporation (CSCEC). (Sources: Govt of Iraq, Shafaq)
By John Lee. Prime Minister Mustafa al-Kadhimi has said the Iraqi Government is working on a national project to distribute plots of land to citizens. In a statement following Tuesday's cabinet meeting, al-Kadhimi added: "In order to prevent any manipulation, and for the sake of justice in the distribution of entitlement, there will be an […]
By John Lee. Sharjah 24 reports that Iraq's General Company for Ports is accepting offers from private companies to turn the disused Al-Maqal Port on the Shatt al-Arab into a tourist destination. It adds that an Italian company has already completed designs. Since the Iraq war, the port has reportedly declined for transport purposes, following […]
By John Lee. The Saudi embassy has announced that King Salman bin Abdulaziz will fund the rehabilitation of Ibn Al-Khatib Hospital in Baghdad, as a gift to the Iraqi people. A fire at the hospital last month killed at least 82 people, and left more than 100 injured. Saudi Arabia will also take critically ill […]
UNICEF and UNFPA Launch of National Youth Vision The Ministry of Youth and Sports in the Federal Government launched the 2030 National Youth Vision. The Vision was put in place in collaboration with the Ministry of Culture and Youth in the Kurdistan Regional Government, with technical support from UNFPA and UNICEF, and funding from Sweden, […]
By John Lee. The United Nations Assistance Mission for Iraq (UNAMI) has published its latest report on Iraq's electoral preparations and processes. Iraqis will go to the polls for early elections in October 2021. The full report can be downloaded here. (Source: UNAMI)
The United Nations Development Programme (UNDP) in Iraq has signed an agreement with Government of Iraq's Reconstruction Fund for Areas Affected by Terroristic Operations (REFAATO) to provide residents in Ishaqi, Salah-Al Din with access to safe reliable drinking water. Approximately $1.25 million, generously provided to REFAATO by the Islamic Development Bank, will be used to […]
