Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
The United Nations has prepared a comprehensive Briefing Book on Iraq, and presented it to Prime Minister Nouri al-Maliki. The book is comprised of two parts: The first part addresses key policy issues, including: macroeconomic challenges, development planning and prioritization, governance and public sector reform, anti-corruption, private sector development, social protection and the challenges of […]
Iraq's Electricity Ministry has announced that 11 international companies presented investment projects under the first licensing round to develop the electricity sector in the country. The Iraqi government set February 10th as the deadline for receiving offers under this first licensing round. Musab al-Mudarres, the spokesman of the Electricity ministry told AKnews that the award […]
The Iranian Deputy Energy Minister Mohammad Behzad (pictured) has said the Iranian-built Al Sadr power-plant in Iraq is an important project which is now ready to come on stream. IRINN quoted the minister as saying that the first unit of this 324 MW plant has been completed and is waiting for its fuel supply, and […]
An al-Iraqiya deputy said on Wednesday that MPs from Karbala proposed two infrastructure projects worth a total of $86 million [100 billion Iraqi dinars] during the 33rd parliamentary session. Abdul Mahdi al-Khafaji told AKnews that the deputies proposed the reconstruction of two roads and the entrances to the holy city of Karbala which receives millions […]
The city of Baghdad wants the United States to apologize and pay $1 billion for the damage done to the city not by bombs but by blast walls and Humvees since the U.S.-led invasion that toppled Saddam Hussein. Reuters reports that Baghdad's government issued its demands in a statement on Wednesday, saying that the city's […]
AKnews reports that an Australian company has started construction on a new 400-bed hospital in Qadisiya. The five-story hospital, costing about $135 million, will be built on an area of 6,648 square meters by the Australian Construction Company (ACA) over a period of 33 months in the provincial capital, Diwaniyah. The hospital is divided into […]
The head of the finance parliamentary committee has said that the Iraqi government will recruit 285,000 people to the public sector this year. Haidar Abadi told AKnews that they would start filling the jobs following the finalisation of the budget, which he expected by mid February. Some 115,000 recruits are from 2010 applicants, Abbadi added. […]
South Korea's Hyundai Engineering & Construction has reportedly won a contract worth $219 million to build a 500 megawatt power station near Baghdad, as part of the Iraqi government's efforts to address power shortages, a government spokesman said Wednesday. Ali al-Dabbagh, who is also a minister of state, told Dow Jones Newswires after a weekly […]
Iraq’s Kirkuk province resumed power supplies to the national grid on Friday, after a deal that ended a dispute this week over the provision of electricity. The oil-rich northern province that produces more electricity than it is allocated, announced on Monday that it would stop supplying power to the national network, a decision it implemented […]
The number of reconstruction and housing projects undertaken by the Kurdistan Regional Government (KRG) rose by 24 in 2010, with a value increased by $83m. According to the KRG Ministry of Reconstruction and Housing, in 2010 some 368 projects were completed in the three provinces. The overall value of the projects funded by the ministry […]
Baghdad municipality has signed a contract with a Turkish company, Akdneiz, to clean up the city while statistical figures show high unemployment rates. According to the contract, the districts of Karkh, Rusafa and Karrada [Karadah] in central Baghdad will be cleaned up by Akdeniz for a period of one year. Iraq's Central Statistics Agency (CSA) […]
According to a report from AFP, Iraq's northern Kirkuk province said it had stopped supplying electricity to the national grid on Tuesday, in a bold move to force the central government's hand in a dispute over power rationing. "Kirkuk province has decided to cut the power going out from its electricity stations to other provinces […]
