Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Iraqi Cabinet has voted to postpone early elections from June to 10th October. A statement from Prime Minister Mustafa al-Kadhimi said the delay was due to "important technical reasons", which he did not specify. Cabinet Spokesperson, the Minister of Culture Hassan Nadhem (pictured), said the Iraqi Government will provide all the […]
By John Lee. Dubai-based cranes and heavy equipment supplier Al Faris has started operations at Khor al Zubair. According to a press release, the company has invested in the latest advanced equipment, including Liebherr cranes ranging from 100t to 600t, and its heavy haulage equipment includes hydraulic trailers, SPMT's, semi-trailers and low-bed trailers. It has […]
By Fehim Tastekin for Al-Monitor. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. France scores big Iraqi construction project at Turkey's expense A French company has beaten out a Turkish one for the Mosul airport project; political considerations along with economic concerns seem to […]
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Daewoo fulfills Iraq's Faw Port despite obstacles The head of Iraqi Ports in the Ministry of Transportation signed a contract Dec. 30 with the South Korean company Daewoo […]
By Padraig O'Hannelly. It is with great sorrow that we report the passing of our dear friend Peter Hunt MBE. A founding member of the Iraq Britain Business Council (IBBC), Peter was well known for his knowledge and love of Iraq, its history, people and culture. He was so passionate about rebuilding the country and […]
By John Lee. Iraq's Ministry of Transport has signed a contract with Korea's Daewoo to complete five infrastructure projects at the Grand Faw port. The contract includes the construction of a 14-kilometer navigation channel extending to the sea, the basin for the ships that will dock at the port, and an underwater tunnel, which is […]
The Government of Belgium has invested an additional EUR 2 million in the Funding Facility for Stabilization (FFS). The contribution will support stabilization efforts implemented by the United Nations Development Programme (UNDP) across Iraq's five governorates in Anbar, Diyala, Kirkuk, Ninewa and Salah Al-Din. Since 2016, Belgium has contributed EUR 12.12 million to the Facility, which was recently […]
By John Lee. The Iraqi Cabinet has authorised the Iraqi Civil Aviation Authority (ICAA) to negotiate and sign a memorandum of understanding (MoU) for the rehabilitation of Mosul International Airport with a representative of the French company Aeroports de Paris Ingenierie (ADPI). (Source: Govt of Iraq) (Picture credit: Kayhan Ertugrul)
By John Lee. Mashareea Al-Taqa Company for Contracting and General Trading Ltd has won a contract with the United Nations Secretariat for the rehabilitation of a secondary school in Dokory/Rawabi, Sinjar. The contract is valued at $49,682. (Source: UNGM)
Up to 960,000 people in Basra to have access to safe drinking water thanks to the Netherlands' support to UNICEF and UNDP The Netherlands has committed USD $6,41 million to support UNICEF and The United Nations Development Programme (UNDP) to ensure that almost a million residents of Basra governorate have access to safe water. This […]
By John Lee. The Iraqi cabinet has authorised the Director General of the General Company of Iraqi Ports to sign a contract with the South Korean company Daewoo to construct the first phase of the Al-Faw Great Port project in Basra. The project will be supervised by the Italian consulting company Technital. Reuters reports that […]
By John Lee. The Chairwoman of the National Investment Commission (NIC), Suha Dawood Najar, has said that the coming year will see investment opportunities in each Iraqi province, similar to the Bismaya City housing project in Baghdad. She made the announcement at a recent meeting with the heads of the provincial investment commissions of Kerbala, […]
