Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
Authorities in Iraq say they will install “giant power generators” in Baghdad in their latest bid to put an end to power shortages. The plants will have capacities of about 5MW - hardly 'giant', but the plan is to have more than 500 of them in place throughout the city by next summer, operated by […]
Karbala's Investment Commission signed a Memorandum of understanding (MoU) on Saturday with eight Romanian companies to implement a number of housing, agricultural and industrial projects in the province. “The projects includes the construction of 1,000 building units over an area of 10 hectares [40 donums] equipped with all facilities as well as the building of […]
The Mayor of Baghdad has inaugurated new al-Nahrwan bridge, which links Baghdad to northern and southern Iraqi provinces and helps traffic of trucks to the northern areas of the country without having to pass by the capital, according to the Baghdad Mayoralty in a statement on Sunday. “The project, a vital one for the movement […]
Germany's Siemens is eyeing up electricity investments in Basra. “A delegation from Siemens met today (Sept. 2) with officials of the provincial council’s electricity committee to discuss ways to carry out projects in the power sector in Basra,” Ziyad Ali told Aswat al-Iraq news agency. “The delegation expressed readiness to carry out power projects in […]
Iraq Minister of Water Resources, Jamal Rashid [Abdul-Latif Rashid], said that cracks in a water dam in Mosul are costing half a million dollars per year. The Minister said that his ministry is about to offer tenders for international companies to repair the cracks and to reach the stage where the essential level of water […]
The Ninewa Investment Commission has granted 28 investment permits for investments totalling "more than $1 billion" [1.2 trillion Iraqi dinars] in the province. "The permits were granted to local businessmen to invest in the fields of agriculture, industry, tourism, health and education," a source from the commission told Aswat al-Iraq news agency. He explained that […]
The head of the Babil Investment Commission said on Saturday that they had received an offer from a U.S. company to build a 250 MW power plant in the province. According to a report from AKnews, Alaa Herba explained that American company 'California Source', which specializes in the energy sector, had submitted a comprehensive proposal […]
A delegation of Russian companies met with the chairman of Basra Council on Thursday to discuss investment opportunities in the city, a media official of the Basra council said. "A delegation of Russian companies’ representatives held a meeting with Jabbar Amin, with whom they discussed investment opportunities in the city," Hashem Ubeidi told Aswat al-Iraq […]
Works commenced on a project to pave five roads in rural areas at a cost of 2.711 billion Iraqi dinars [$1.6m], according to a spokesman for al-Hindiya district on Saturday. “Local firms embarked on a project to pave five roads in rural areas in al-Hindiya district, (20 km) east of Karbala, and other neighbouring districts,” […]
We reported recently that the Iraqi government has earmarked $300 million to upgrade Baghdad's hotels for next year’s Arab summit. Azzaman now reports that the Baghdad Municipality of Amanat al-Asima is racing against time to upgrade some of Baghdad’s run-down neighborhoods in advance of summit. The Iraqi government has expressed a willingness to host Arab […]
Around 150 electricity transformers have arrived on Saturday in Maysan [Missan] as part of an Iraqi government’s grant to the province. “The grant totals at $100 million [120 billion Iraqi dinars],” a local media source told Aswat al-Iraq news agency. He explained that the new transformers will be installed within the coming days. “The new […]
We launch our new Jobs in Iraq page today on the IBN web site in response to reader demand. This is a free reciprocal service for Recruitment Agencies and Employers with jobs on offer in Iraq. For readers it provides a welcome source of employment options in a country crying out for skilled labour and […]
