By John Lee. China's Gezhouba Group has offered to invest $10 billion in Iraq's Kurdistan region. According to a report from Kurdistan24, a translation of which was published on the company's website, the investment is intended for roads, railways, the power sector and dams. Mohammed Shukri, chairman of the Kurdistan Investment Board, is quoted as […]
Writing in Oil Price, Simon Watkins says Iraq is playing the United States and China off against each other in the awarding of contracts for infrastructural development and oil sales. Click here to read the full story.
By John Lee. Iraq's Ministry of Transport has signed a contract with Korea's Daewoo to complete five infrastructure projects at the Grand Faw port. The contract includes the construction of a 14-kilometer navigation channel extending to the sea, the basin for the ships that will dock at the port, and an underwater tunnel, which is […]
Six Years After Yazidi Genocide, Investment in Services is Crucial for Returning Yazidi Families Nearly six years after the Yazidi genocide, up to 200,000 Yazidis are still displaced, many living in camps only hours away from their homeland of Sinjar, in Iraq's Ninewa Governorate. Despite previous low levels of return, June 2020 saw a marked […]
Hospitals and bridges: Major sites re-open in Ramadi highlighting city’s recovery The Government of Iraq has re-opened two major infrastructure projects in Ramadi following their rehabilitation by the United Nations Development Programme (UNDP). The re-opening of Ramadi Maternity Hospital and the Palestine Bridge marks a significant moment for the recovery of the city after years […]
By John Lee. The Iraqi Cabinet has approved a recommendation from Ministerial Council on Social Services to award the contract for phase II of the Samarra Sewerage Project. The contract has been awarded to two companies at a total cost of 31,530,406,000 dinars ($26.5 million). (Source: Iraqi Govt)
By John Lee. Iraqi President Barham Salih has told an international conference in Rome that Iraq will remove any impediments to Iraqi and foreign private sector companies, as well as international financial institutions, donor countries and sovereign wealth funds, to invest in major infrastructure projects in the country. He added that these projects may include […]
Prime Minister Nechirvan Barzani opened Zakho Tunnel in a ceremony attended by cabinet ministers, members of Parliament, the Republic of Turkey’s Consul General to the Kurdistan Region, and a number of KRG officials. In a speech during the ceremony, Prime Minister Barzani said: “Opening of this tunnel on this important international highway that links the […]
By John Lee. Prime Minister Haider Al-Abadi has asked Iraq’s Integrity Commission to investigate the delays and stoppages in some infrastructure projects in Basra and other southern provinces. He said some of these delays were the result of corruption, while other we because of what he described as a dereliction of duty and a failure […]
Marking a key milestone in Fallujah’s recovery, the Government of Iraq and UNDP’s Funding Facility for Stabilization (FFS) re-opened Al Azrakiyah Water Treatment Plant, which provides safe water to more than 60% of the city. The rehabilitation of the plant was one of the key projects requested by the Anbar Command Cell, which is responsible […]
By John Lee. TradeArabia reports that Iraq remains the Gulf’s third-largest project market, with $358 billion in active infrastructure projects. More than $90 billion of these are in the gas, oil, and power sectors. Ahead of the Meed Iraq Energy Projects conference taking place on March 21 in Dubai, Meed Projects said ongoing infrastructure projects […]
By Simon Kent. Two days after the beginning of Iraq's entry into the Eurobond market, in which the country hopes to raise up to $6 billion, Iraq has announced it is seeking a $500 million loan from the Jeddah based Islamic Development Bank (IDB.) However, according to a source in the Iraqi govt. the sum […]
