By John Lee. The Prime Minister's Advisor for Transportation Affairs has announced that the Development Road Project will be managed by a new 100% Iraqi-owned company, reporting directly to the Prime Minister. Speaking to the state-run Iraqi News Agency (INA), Nasser Al-Asadi explained that during a recent meeting of the Higher Committee for the Development […]
By John Lee. The National Investment Commission (NIC) has signed the Task Order for Phase One of developing the Al-Tayeb Specialised Economic Service Zone in Maysan Province, positioning it as Iraq's first integrated economic city. Key Developments: NIC Chairman Dr. Haider Mohammed Makiyah stated that Al-Tayeb Economic City will attract global investors across agriculture, industry, […]
By John Lee. The Wall Street Journal has produced a video documenting Iraq's proposed 740-mile trade route between Asia and Europe - the Development Road. Click here to view. (Source: WSJ)
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani met with Turkish Minister of Energy and Natural Resources, Alparslan Bayraktar, to discuss energy cooperation and economic ties. Al-Sudani reiterated Iraq's commitment to collaboration with Turkish companies, particularly in the energy sector, including cross-border electricity interconnection and cooperation on the Strategic Development Road Project. He also […]
By John Lee. Iraq's National Investment Commission (NIC) has held a preparatory meeting for the Energy Services Economic Cities Initiative, aimed at supporting local economic diversification and attracting foreign investment in the energy sector. NIC Chairman Dr. Haider Mohammed Makia [Makiyya] emphasised that these specialised cities will serve as hubs for global and local companies […]
By John Lee. Ambassador Mohammed Hussein Bahr Aluloom, Undersecretary of the Iraqi Foreign Ministry for Bilateral Relations, met in Helsinki with Jarno Syrjälä, Under-Secretary of State for International Trade of Finland, to discuss ways to enhance economic, trade, and investment cooperation between the two countries. Ambassador Bahr Aluloom highlighted Iraq's economic progress, emphasizing security stability […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq imports over 50 kilograms of gold daily: Ministry Iraq's Development Road has Erbil's "complete support," President Nechirvan Barzani said in Baghdad on Saturday, despite objections that it bypasses the Kurdistan Region. Click here […]
By John Lee. Prime Minister Mohammed S. Al-Sudani met with Mikhail Bogdanov, Special Envoy of Russian President Vladimir Putin, to discuss strengthening Iraq-Russia relations. Talks covered economic cooperation, regional stability, and the upcoming Arab-Russian Summit, which Al-Sudani signalled his intent to attend. Discussions also focused on expanding collaboration in multiple sectors, including the Development Road […]
By John Lee. The Iraqi Ministry of Transport has announced increased interest from international companies in investing in Iraq's strategic transport initiatives. Aided by improved investment conditions and government policies, 2025 is expected to see exceptional foreign direct investment activity, according to the Ministry. Key opportunities include the Grand Faw Port project, with 11 shortlisted […]
As we kick off the new year with our first newsletter, we extend a heartfelt appreciation to all our contributors, with a special acknowledgment to our Expert Bloggers, Ahmed Mousa Jiyad and Ahmed Tabaqchali (AFC Iraq Fund), who have generously shared their wisdom and observations with us over the past twelve months. We eagerly anticipate […]
By John Lee. Iraq's Minister of Transport, Razzaq Muhibis Al-Saadawi, has announced progress on the Development Road Project, emphasizing that following the completion of detailed designs, the project will be presented to major international companies for investment opportunities. Key Progress Milestones: Completion of Preliminary Designs: The Ministry has finalized 100% of the preliminary designs for […]
By John Lee. Turkish Transport Minister Abdulkadir Uraloglu (pictured) has reportedly said that the Turkish leg of the Development Road Project, connecting Asia and Europe through Turkey and Iraq, will cost $19.9 billion. Anadolu Agency quotes him as saying that the railway component will amount to $17.9 billion, and involve the construction of 1,028 miles […]
