The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
Karbala's Investment Commission signed a Memorandum of understanding (MoU) on Saturday with eight Romanian companies to implement a number of housing, agricultural and industrial projects in the province. “The projects includes the construction of 1,000 building units over an area of 10 hectares [40 donums] equipped with all facilities as well as the building of […]
A UAE company has agreed to build a residential and commercial compound in Karbala, the chairman of the Karbala council said on Monday. “A delegation from a UAE company has wrapped up its several-day visit to Karbala, during which it expressed an interest in implementing tourism and hotel projects in the province, as it has […]
Works commenced on a project to pave five roads in rural areas at a cost of 2.711 billion Iraqi dinars [$1.6m], according to a spokesman for al-Hindiya district on Saturday. “Local firms embarked on a project to pave five roads in rural areas in al-Hindiya district, (20 km) east of Karbala, and other neighbouring districts,” […]
Range Hospitality, a dynamic, progressive and innovative institution focused on hospitality and real estate, has launched the Al Rawdatain Gardens development in Iraq's pilgrimage centre, Karbala, to cater to the significant shortage of accommodation. Approximately 18 million pilgrims visit Karbala during the peak seasons every year. With a current shortage of accommodation in the city, […]
A total of 25 billion Iraqi dinars [$21m] have been granted to farmers in Karbala in recent months to help them to increase their production, the director of the Karbala agriculture department said on Wednesday. “The Karbala agriculture department has granted 2181 farmers agricultural loans worth more than 25.229 billion dinars,” Baher Ghali told Aswat […]
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, […]
Two oilfields in western Karbala have been listed by the oil ministry within its next oil licensing round, the Mayor of the Ain al-Tamr district said on Tuesday. “The ministry listed the two oilfields of Naft al-Khadiera, which were discovered in 1991 in the Ain al-Tamr district, within the next licensing round to be invested […]
The Ministry of Water Resources celebrated the opening of a major land reclamation project in Husseiniya, which is located on the East of the Euphrates River. Karbala's governor, Prof Amal Al-din Mejid Al-Herr, was also in attendance. A press statement issued by the ministry said that the project included a network of irrigation channels and […]
There are obstacles that curb the execution of the Karbala-Anbar railroad, a member of the Karbala Provincial Council said on Monday. “The railroad passes through an archeological site between the two provinces,” Hussein Shadahan told Aswat al-Iraq news agency. He added that the Iraqi Transportation Ministry originally approved the project around four months ago. (Source: […]
(Source: Aswat Al Iraq) The second bridge was opened in Karbala on Thursday at a cost of 10 billion dinars [$8m], according to the governor’s media spokesman. “Municipalities Minister Riyad Gharieb, Health Minister Saleh Mahdi al-Hasnawi, Karbala Governor Amal al-Din al-Herr and Representative of the UN in Karbala, Ali Kamouna, as well as political and […]
The Iraqi Water Resources Ministry began work on Tuesday to implement a water management project in Karbala province. “The project is to be executed by the ministry’s staff,” the ministry said in a release as received by Aswat al-Iraq news agency. It said that the project is funded by Iraq with ID5 billion, but executed […]
A delegation representing two Turkish companies expressed readiness to implement health and housing projects in Karbala, the head of the Karbala council said on Tuesday. “The Turkish delegation presented housing and health proposals to be implemented in Karbala, including the establishment of two specialized hospitals,” Mohammad al-Moussawi told Aswat al-Iraq news agency. “The local government […]
