Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Ummet Al Salam Co. Ltd. for General Trading & Contracting has won two contracts with the United Nations Office for Project Services (UNOPS): Rehabilitation of Internal Roads in in Al Khaless in Al Mansouriah District, Diyala Governorate. Contract worth $680,000; Supply and installation solar street lights in in Al Khaless in Al […]
JICA and UNDP Iraq Renew Partnership Agreement to Accelerate Infrastructure Projects The Japan International Cooperation Agency (JICA) and UNDP Iraq have signed a renewed partnership agreement to monitor and support the acceleration of the implementation of socio-economic infrastructure projects in Iraq. The projects are implemented by the Government of Iraq (GoI) with loan assistance from […]
By John Lee. The Iraqi Cabinet has directed Al-Rafidain Bank, Al-Rasheed Bank, and the Trade Bank of Iraq (TBI) to pay $100 million to South Korea's Hanwha Engineering and Construction Company, which is implementing the Bismayah City residential project (pictured). It also agreed to reduce the minimum advance payment for buying housing units at the […]
Kurdistan's Deputy Prime Minister HE Qubad Talabani to Speak at the Virtual Kurdistan Iraq Economic Forum Inaugural Conference set to navigate the economic future Kurdistan and Iraq Conference will include online sessions available live and on demand for all attendees Delegates will gain insights into the latest policy and project announcements, crucial for successful investment […]
$660m required to cover priority stabilization needs in areas liberated from ISIL Support to Iraq's displaced populations through the rehabilitation of critical infrastructure and services damaged in the ISIL conflict, livelihoods creation, local capacity development and social cohesion will continue under a three-year extension of the United Nations Development Programme (UNDP) in Iraq's flagship programme, […]
By John Lee. Iraq has reportedly announced plans to build affordable homes for workers in Karbala. According to Trade Arabia, large plots of land have been already allocated for the project, which will be funded by local investors and the General Federation of Iraqi Workers. More here. (Source: Trade Arabia)
Beautiful Missan Project: Working towards rehabilitation of recreational infrastructure and job creation Funded by the European Union (EU), the United Nations Development Programme (UNDP) launched the Beautiful Missan project that focuses on the rehabilitation of recreational infrastructure and job creation. The two-year project supports socio-economic growth through eco-tourism, restoration of cultural heritage and urban beautification. […]
As part of a joint effort to modernize education data systems and improve the quality of learning in Iraq, UNESCO and UNICEF today signed a roadmap with the Communications and Media Commission (CMC) for the provision of internet connectivity to over 3000 schools across 10 governorates. With the financial support of the European Union, UNESCO […]
By Michael Knights, for the Washington Institute for Near East Policy. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Back into the Shadows? The Future of Kata'ib Hezbollah and Iran's Other Proxies in Iraq Kata'ib Hezbollah was Iran's most favored militant group in Iraq […]
Alstom and the Iraqi Ministry of Transport sign a Letter of Intent for the implementation of the Baghdad Elevated Train An Alstom-led Consortium, together with its partner Hyundai Engineering & Construction, have signed a Letter of Intent with the Iraqi Ministry of Transport to define a framework for all the appropriate steps to accelerate the […]
By John Lee. The Iraqi Cabinet has authorised the Ministry of Transport to enter into negotiations with a consortium led by France's Alstom and Hyundai of South Korea, regarding the Baghdad suspension railway project. The result of the negotiates are to be submitted to Cabinet for approval. (Source: Govt of Iraq)
The Iraqi Cabinet held an extraordinary meeting in the city Nasiriyah in Dhi Qar province on Monday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. At the start of the meeting, the Prime Minister said that the people of Dhi Qar had sacrificed much for Iraq, but they have suffered from the consequences of past marginalisation. […]
