Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
An investment delegation from the Korean company Hyundai, specialized in establishing and equipping oil-fired power plants, visited Anbar province on Tuesday to discuss proposals for investment in the province, according to a report from AKnews. Wissam al-Rawi, the head of the Energy Committee of Anbar Council, said that the council discussed investment with the Hyundai […]
The United Nations Industrial Development Organization (UNIDO) will launch in January a EUR 3 million technical cooperation project in Iraq to develop industrial zones and enhance investment in the country. The two-year project will be funded by the Government of Italy, and implemented in coordination with the World Bank. An agreement on the funding was […]
Works are underway to build a waste-recycling plant in al-Muthanna at a cost of $151 million [177 billion Iraqi dinars], according to the province’s investment commission chairman on Sunday. “The project stands over an area of 30 donums [7.5 hectares] and should be finalized in 13 months,” Adel Dakhil al-Yasseri told Aswat al-Iraq news agency. […]
3.8 billion Iraqi dinars [$3.2 million] has been allocated to a number of service projects in Erbil, its Governor, Nawzad Hadi, said on Saturday. “A local contracting company embarked on works to pave 22-km-long roads in Arbil al-Jadida area, eastern Erbil, at a cost of 1.3 billion dinars, earmarked from the Provincial Development Budget for […]
Local government in Basra province announced that a new gas-powered electricity station with a capacity of 500 MW will soon be built in Najibia region in the north of the province. Technical deputy Munthir Niema told NMC that the cost of the station will depend on petro-dollar balance, and its output will be used for […]
Iraq has once again postponed its first census in more than 20 years because of Kurdish-Arab wrangling over disputed areas in the north, Deputy Planning Minister Mehdi al-Alak told AFP on Tuesday. The delay to the census, which had been due to be held on December 5, is the latest in a string of deferrals […]
Iraq’s housing fund is falling short of its goals and will struggle to raise fresh capital after spending more than two-thirds of its budget, its director said in an interview with Bloomberg. The fund, which started in 2005 with 300 billion Iraqi dinars ($257 million), has spent 210 billion dinars building 14,000 homes in Iraq, […]
We have just received news that Iraq's newly-appointed President, Jalal Talabani, has formally asked Nouri al-Maliki to accept the position of Prime Minister and form the next government. Following his appointment today (Thursday), al-Maliki will have 30 days in which to choose a cabinet. Maliki has reportedly asked Iraqi's to “turn over a new page, […]
Iraq will soon ask for bids on projects to install and run 22 gas turbines that could boost its power generating capacity by 30 percent in the next few years, an official from the Ministry of Electricity said on Tuesday. Reuters reports that the ministry plans to ask companies to build plants in four provinces, […]
We reported recently on the excessive salaries and expenses being drawn by Iraq's parliamentarians -- it now seems the country has run out of money to pay for widows' benefits, farm crops and other programs for the poor. According to Associated Press, in only the parliament's fourth session since being elected in March, its members […]
The Chairman of future projects coordination in Karbala province, Hani al-Yasari, has confirmed that the Turkish Universal Acarsan Co. has completed the first stage of the modern hospital project in al-Herr district the province. He told NMC that the seven-floor hospital, to be built over 65 acres in 33 months, includes 492 beds initially, expanding […]
The Minister for Labor and Social Affairs, Mahmoud al-Sheikh Radhi [Mahmoud Mohammed al-Radhi], has opened a new $2.6m [3 billion Iraqi dinars] medical center for occupational illnesses in Baghdad. The center is the first of its kind in Iraq. He told AKnews that "the Ministry is seeking to build occupational medical centers in all the […]
