By John Lee. The World Bank has approved a $900 million financing package to rehabilitate and expand key road corridors in Iraq, with the aim of improving domestic mobility, regional integration, and job creation. The Board of Executive Directors approved the Iraq Transport Economic Corridors (ITREC) project on Thursday. According to the World Bank, the […]
By John Lee. The German Liaison Office for Commerce & Industry in Iraq (AHK Iraq) has announced three new corporate partners specialising in project management, engineering services, and industrial equipment. Omid Project Management (OPM Group) has joined as a Silver Partner. The company is an international project management consultancy and EPCM provider with expertise in: […]
By John Lee. The Kurdistan Regional Government (KRG) has issued a report on road and bridge projects undertaken in the Region for the period July 2019 to May 2026. Key achievements include: Implementation of 810 vital road and bridge projects with a total cost exceeding 1 trillion Dinars. Rehabilitation or construction of over 3,000 km […]
By John Lee. Talaat Moustafa Group (TMG) has received an investment licence and secured a land bank of approximately 12.8 million sqm in south-west Baghdad to develop an integrated urban community, in what the Egyptian group describes as a key milestone in its regional expansion strategy. According to TMG Holding, its subsidiary Talaat Moustafa Company […]
By John Lee. A 120-km road rehabilitation project linking Nukhaib district to Karbala province has been completed by the Ministry of Construction, Housing and Public Municipalities. According to the ministry's media centre, the road, which is 7.5 metres wide, connects the Arar border crossing with Saudi Arabia to Karbala, passing through Anbar province. It also […]
By John Lee. Iraq's Ministry of Finance has held talks with the European Bank for Reconstruction and Development (EBRD) on financial and technical cooperation and support for development priorities in Iraq. Finance Minister Falah Sari received EBRD Iraq Country Head Katarina Bjorlin Hansen on Sunday to discuss the outlook for collaboration. The minister said the […]
By John Lee. Construction has begun on the Fifth Kufa Bridge in Najaf province, according to the Ministry of Construction, Housing and Public Municipalities. The project is intended to ease traffic congestion in the province. The Roads and Bridges Directorate is overseeing works, which include: A main bridge spanning the Euphrates river, 337 metres long […]
From the United Nations Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. New UNDP Iraq Development Fund Partnership Advances Strategic Investment, Infrastructure, and Inclusive Growth in Iraq The Iraq Development Fund and the United Nations Development Programme (UNDP) in Iraq signed […]
By John Lee. A mass public vehicle crossing has taken place inside the submerged tunnel at Al Faw Grand Port marking what the General Company for Ports of Iraq (GCPI) has described as a historic milestone in the development of one of Iraq's most complex engineering projects. According to the Iraqi News Agency, the crossing took […]
By John Lee. Iraq's Council of Ministers has amended Decision No. 1008 of 2024, which concerns the construction of the Basra-Haditha pipeline. According to a statement from the Prime Minister's Office, the amendment permits the General Company for Iron and Steel, part of the Ministry of Industry and Minerals, to adopt an external manufacturing route […]
By John Lee. The Ministry of Construction and Housing has reportedly announced a comprehensive plan to extend infrastructure services to districts and sub-districts across Iraq, including the development of "more than 21" (sic) residential cities in various governorates. Nabil al-Saffar, spokesman for the ministry, told the state-run Iraqi News Agency (INA) that the plan covers […]
By John Lee. Iraq has formed a special committee to oversee the Basra-Haditha multi-directional oil pipeline project, following a meeting chaired by Prime Minister Mohammed Shia' Al-Sudani. The committee will be headed by the Under-Secretary of the Ministry of Oil and will include relevant advisers to the Prime Minister as well as directors-general from the […]
