The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
By John Lee. The Iraqi Cabinet has amended Resolution 24306 of 2024 to authorise the National Investment Commission (NIC) to contract with the advisory consortium comprising Malaysia's HSS [HSS Engineering Berhad (HEB)] and the UAE's CHSS (as partner) for the Najaf-Karbala metro project. The decision allows the NIC to grant the investment licence and sign […]
By John Lee. Prime Minister Mohammed Shiaa al-Sudani on Sunday inaugurated, via videoconference, the first phase of the Karbala Solar Power Plant, Iraq's first project of its kind, in the presence of the Minister of Electricity. Al-Sudani praised the efforts of the Ministry of Electricity and local authorities in Karbala for completing the project, highlighting […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has inaugurated five major food industry projects worth $2 billion [IQD 2.6 trillion] in Karbala, operated by Etihad Food Industries. The initiatives focus on meat production, dairy, and fish farming. Al-Sudani praised Etihad as a key private sector partner supporting local market needs and highlighted the importance […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched construction of the South Karbala Water Project, with a capacity of 16,000 cubic metres per hour, during a visit to Karbala Governorate. The 702.5-billion-Iraqi-dinar [$539 million] project, located near Karbala International Airport, will feature a main treatment plant, eight pumping stations, an intermediate station near […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has launched the first phase of the Imam Hussein Roundabout project in Karbala, aimed at reducing traffic congestion in the city. The 9.2-km project, costing over 400 billion Iraqi dinars [$307 million], is one of three planned ring roads in the governorate's master plan, with a combined […]
By John Lee. The Directorate of Agriculture in Karbala has announced the completion of the 2024-2025 wheat harvest and marketing campaign, reporting the highest yield in the province's history. According to a statement from the Directorate reported by the state-run Iraqi News Agency (INA), more than 305,000 tonnes of wheat have been delivered to the […]
By John Lee. As part of government efforts to diversify Iraq's energy mix and reduce reliance on fossil fuels, the National Investment Commission (NIC) has awarded four major investment licences in the renewable energy sector during 2025. NIC Chairman Dr. Haider Mohammed Makkia [Makiyya] re-announced the licences on Wednesday, noting their alignment with Iraq's National […]
By John Lee. The Director-General of the Food and Agriculture Organization of the United Nations (FAO), Mr. QU Dongyu, has launched a $39-million project titled "Strengthening Climate Resilience of Vulnerable Agricultural Livelihoods in Southern Iraq" (SRVALI), in partnership with key Iraqi ministries. The launch took place in Baghdad during the 5th Baghdad International Water Conference. […]
By John Lee. The Iraqi Prime Minister has ordered a consultative meeting to be held between the Ministry of Electricity and the General Secretariat of the Council of Ministers regarding the Al-Khairat Thermal Power Plant. According to a statement from the Prime Minister's Office, the focus of the meeting is on resolving financing issues related […]
By John Lee. Iraqi Prime Minister Mohammed S. Al-Sudani chaired a meeting on the delayed Al-Khairat Thermal Power Plant project in Karbala, attended by the Chinese Ambassador to Iraq and representatives from the executing companies, Harlow International and CITIC, as well as officials from the Ministries of Electricity and Oil. The Prime Minister granted the […]
By John Lee. The head of Iraq's National Investment Commission (NIC), Dr. Haider Mohammed Makia [Makiyya], has announced the signing of two investment licences with Al-Bilal Group for General Contracting Ltd. to develop solar power plants in Karbala and Babil provinces, with a combined capacity of 525 megawatts. The projects will include a 225-MW plant […]
By John Lee. Iraq's Minister of Industry and Minerals, Prof. Eng. Khaled Battal Al-Najm, alongside the Governor of Karbala, oversaw the signing of three memorandums of understanding (MoUs) for strategic projects in Karbala Industrial City during an official visit to the province on Saturday. The agreements were signed between Al-Yusra Industrial, the developer of Karbala […]
