Iraq Business News brings you the latest news on developments and opportunities in Iraq’s public works.
An official from Basra Provincial Council (BPC) said on Tuesday that the council allocated 400 billion Iraqi Dinars (IDs) -- around $350 million-- from oil and customs’ revenues to provide public services in the province, the head of the monitoring and planning committee of the BPC told AKnews. Walid Gitan said the Iraqi Finance Ministry […]
The Iraqi Industry Ministry has started environment friendly projects in 17 of its companies and factories. “The total cost of the projects is around ID54 billion [$46m],” said a press release issued by the ministry on Saturday as received by Aswat al-Iraq news agency. It noted that the projects aim at reducing both water and […]
Mosul's gas-fueled power station has been shut down due to an act of sabotage in western Mosul city, which cut the gas pipeline that feeds the facility, according to a report from Aswat al-Iraq. “A bomb hit the pipeline in the al-Mansoor area, western Mosul city,” said a release issued by the Iraqi Electricity Ministry […]
Federal prosecutors in the U.S. are investigating whether a major contractor overcharged the government. They are investigating allegations that the Louis Berger Group (LBG) submitted inflated invoices to the U.S. Agency for International Development (USAID), which oversees international development projects. The company works in countries including the U.S., Iraq, Afghanistan and India. LBG's Chairman, Derish […]
Preparations have begun on the concrete-layered transportation canal of the Shatt al-Arab Irrigation Project. “The total cost of the project will be around $299 million [350 billion Iraqi dinars],” the Iraqi Water Resources Ministry said in a press release on Tuesday, received by Aswat al-Iraq news agency. It noted that the canal will be 128 […]
The Baghdad Mayoralty has allocated 7 billion Iraqi dinars [$6m] to cleaning up the Iraqi capital. “This is an additional amount to the previously allocated funds,” the mayoralty said in a press release on Monday, as received by Aswat al-Iraq news agency. It noted that there is a special services plan in Baghdad for the […]
The third stage of the development of Maytham al-Tamar Street in central Karbala was started on Thursday, according to the province’s reconstruction & strategic planning committee. “The project’s third stage, which is launched at a total cost of 20.304 billion Iraqi dinars [$17m], is expected to ease the traffic congestion at the entrance of city, […]
The Baghdad Mayoralty has launched an international architectural competition to develop the al-Adhamiya City area of Baghdad, specifically the areas close to the Shrine of Imam Abu Hanifa. “The mayoralty has invited local, regional, and international firms specialized in city and rural planning to participate in the competitions,” a media source from the mayoralty told […]
The head of Maysan Investment Commission, Ra'id Sa'iy, announced that "Maysan province needs about 70,000 housing units currently". He stated to the National Iraqi News Agency (NINA): "We need the investment companies to implement cost-efficient housing projects for all levels of society." "Environmental conditions should be considered in the planning and execution of these projects," […]
Iraq has signed a cooperation agreement with the European Union worth 42 million euro [65 billion Iraqi dinars] to develop Iraq’s institutions , a government’s official said. “An agreement has been signed with the European Union to develop the Iraqi institutions and education, health and services ministries, in addition to developing other institutions like the […]
Baghdad’s Mayor, Sabir al-Issawi, called on Swedish firms to participate in redevelopment projects in the Iraqi capital. “Al-Issawi received an official Swedish delegation in his office in Baghdad,” said a release issued by the Baghdad Mayoralty on Monday, as received by Aswat al-Iraq news agency. It explained that the two sides discussed methods to reinforce […]
The Diyala State Company for Electric Industries has set out a new program to rehabilitate and renovate its operations. For this purpose it signed contracts worth 2 billion Iraqi dinars [$1.7m] with suppliers for the provision new equipment. A source in the company said that many contracts will be completed in between 2 and 7 […]
