Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Kurdistan Regional Government (KRG) has recently launched what it describes as "two massive electricity projects" in Makhmour. They are the Bnar power station, built by the Girshin Company, and a 33 KV power-line at Qaraj, implemented by Palos. The projects have a combined cost of 1.742 billion dinars [$1.2 million]. (Source: […]
Western Anbar communities see improved basic services with the completion of USAID-funded projects The United Nations Development Programme (UNDP) and the United States Agency for International Development (USAID) are pleased to announce the reopening of five facilities in western Anbar to provide essential services to more than 210,000 residents. UNDP rehabilitated these facilities with funding from […]
By John Lee. UK-based international law firm Clifford Chance has announced that it has advised International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) on the US$125 million financing of the development, construction, equipping and operation of both new and existing facilities at the Umm Qasr Port in Iraq. In a press release, the […]
By John Lee. Two construction projects in Baghdad, with a combined value of more than $40 million, have been granted to Jordanian companies. The news was revealed during a visit to Iraq by the Jordanian Minister of Public Works and Housing, Yahya Al-Kasabi, during which he met with the Mayor of Baghdad. The Mayor also […]
By John Lee. KESK, which describes itself as a "green solutions company", has announced that it has secured six-figure seed funding from Euphrates Venture Capital Fund. Founder and CEO, Basima Abdulrahman (pictured), said: "My vision is to make smart green solutions trustable, accessible, and affordable. We simply want to make the green way, the easy […]
By John Lee. Two companies have won contracts with the United Nations Office for Project Services (UNOPS) in Iraq: Wood Group UK Ltd: Web-based mapping applications development; Contract value $61,000 FieldWireLabs, Inc.: Construction Management Software Application; Contract value $14,700 (Source: UNGM)
You are invited to attend the Iraq Business Forum on 27th September in Central Hall Westminster. Hear from IBBC members and British companies. Meet Iraqi businesses leaders interested to source products from the UK across multiple sectors. Enjoy one to one business meetings.
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Future Investment Opportunities in Rafeel City Project Construction of housing compound in Missan (Maysan) (Source: National Investment Commission)
By John Lee. On September 3, 2021, China's CITIC Construction successfully signed the EPC general contract for the Kirkuk oil refinery in Iraq. Chen Xiaojia, Chairman of CITIC Construction, and Jalal Haji Ahmed, Chairman of Iraq's Rania International [Ranya], signed the contract in Beijing and Dubai respectively via video link. The Kirkuk refinery can process […]
Supporting Iraq's Local Economic Development through Sustainable Energy Solutions - New Projects Launched Three innovative projects aimed at promoting sustainable energy solutions were launched today in partnership with the European Union and the United Nations Development Programme (UNDP) in Iraq and the governorates of Erbil, Sulaymaniyah, and Duhok. The projects, which were designed by the […]
By John Lee. The head of the Kurdistan Board of Investment has reportedly said that it has granted of 112 licences for factories making construction materials, with the intention of helping to ease the housing crisis in the region. According to the report from IQ News, the total investment is valued at $4 billion. (Source: […]
By John Lee. Elsewedy Electric and Toyota Tsusho Corporation (TTC) have reportedly announced the completion of four electrical substations in Southern Iraq. According to Zawya, the $546-million contract was signed in February 2018, with the participation of the Japan Bank for International Cooperation (JBIC), Bank of Tokyo-Mitsubishi UFJ, and Sumitomo-Mitsui Banking Corporation, under insurance cover […]
