Iraq Business News brings you the latest Iraq Industry & Trade News, with information on developments and opportunities.
By John Lee. Iraq is reportedly preparing to grant an investment licence for its first blue ammonia production plant, which will be situated in Basra Governorate. A spokesperson for the National Investment Commission (NIC) told the state-run Iraqi News Agency (INA) that the project will reduce carbon emissions into the atmosphere, making it environmentally friendly. […]
By John Lee. UK-based Hydro-C has won a contract to design and supply a solar power plant for Basra Oil Company (BOC) at Iraq's Majnoon oil field. The plant will be supplied from the UK and installed in Iraq. According to a statement from the Iraq Britain Business Council (IBBC), of which Hydro-C is a […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani inaugurated the first phase of the Ur Tourist City project in Dhi Qar, which includes the construction of a cultural center, an open-air Sumerian theater, a closed Ur theater, a religious dialogue center, and an administrative building. Al-Sudani also announced the start of several strategic projects, including […]
By John Lee. Iraq's National Investment Commission (NIC) has just published its Iraq Investment Map 2024. The 283-page report includes details of investment opportunities, in addition to sectoral and regional data. Click below to download the full report: English Arabic See also Investor Guide to Iraq 2024. (Source: NIC)
By John Lee. Iraq's National Investment Commission (NIC) has just published its Investor Guide to Iraq 2024. The 55-page guide gives an overview of the investment climate in Iraq. Click below to download the full report: English Arabic See also Iraq Investment Map 2024. (Source: NIC)
By John Lee. China Energy Engineering Corporation (Energy China, CEEC) and France's TotalEnergies have signed an EPC contract for a 1-GW solar power project at the Ratawi [Artawi] field in Basra. According to a statement from Energy China: "This project is the first large-scale project in the Iraqi government's PV construction plan, and serves as […]
By John Lee. Iraq's Supreme Committee for Artificial Intelligence (AI) held its first meeting on Wednesday, during which the Iraqi National Strategy for Artificial Intelligence was reviewed. The meeting, led by Prime Minister Mohammed Shia Al-Sudani, reviewed key projects and applications supported by the government, including AI integration into education and smart applications across various […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani chaired a meeting to discuss relocating old brick factories from Nahrawan due to their proximity to residential areas, and their negative environmental effects. According to the Prime Minister's Office, these factories, which often lack work permits and employ outdated machinery, contribute to pollution and exploit vulnerable workers, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated the construction of four key chemical and industrial projects in Karbala Industrial City. The projects include: an industrial gases plant (1,000 tons/day); a white oils plant (1,000 m³/day); an organic solvents plant (1,000 m³/day); and a vacuum distillation plant (2,500 tons/day). The new industrial city, […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has said that Iraq will launch a massive project to produce 10,000 MW of electricity. The project, based on what he described as a "new economic model", is set to be unveiled to the private sector, "after it has been studied by a team of consultants and […]
The United Nations Development Programme (UNDP) has released the Trial Monitoring Report on grand corruption cases across the Kurdistan Region of Iraq, marking a significant milestone in curbing corruption in Iraq. The report highlights substantial progress by the Kurdistan Regional Government (KRG) in combating corruption and offers deep insights into the region's judicial proceedings through […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani has initiated the construction of three major power projects in Karbala: a 132 MW combined cycle gas power plant; a 300 MW solar power project; and the 400 kV Karbala transmission substation with a capacity of 1500 MVA. According to a statement from the Prime Minister's […]
