IOM, KOICA Partner to Support Local Economic Recovery in Baghdad, Ninewa and Kirkuk Decades of conflict in Iraq coupled with the COVID-19 outbreak have severely affected human capital, intensified poverty, and undermined individuals' ability to find decent and sustainable jobs. The consequences of conflicts are especially severe for vulnerable returnees, internally displaced persons (IDPs) and […]
Tag Archives | korea
The latest Korea – Iraq Business News – housing, construction, company Kogas, & more – brought to you by Iraq Business News
Tags: Baghdad, Enterprise Development Fund (EDF), Entrepreneurship, featured, International Organization for Migration (IOM), Kirkuk, KOICA, korea, micro- small- and medium-sized enterprises, Ninewa, SMEs, South Korea, United Nations (UN)
PM lays Foundation Stone for next phase of Grand Faw Port
By John Lee. Prime Minister Mustafa Al-Kadhimi has laid the foundation stone for the next phase of the giant Grand Faw Port project. This phase consists of: The construction of five berths for container ships; Creating the container storage and handling yard, and digging the inland shipping channel; Building the external navigation channel; Building a […]
Tags: Al Faw Grand Port, Daewoo, featured, Grand Fao, Grand Faw, korea, mn, Mustafa al-Kadhimi, South Korea
Daewoo signs $2.6bn Iraq Port Deal
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 […]
Tags: Daewoo, Daewoo Construction, GCPI, General Company of Iraqi Ports, Grand Fao, Grand Faw, Infrastructure, korea, Ports, South Korea
Daewoo in $2.6bn Iraq Port Deal
By John Lee. The Iraqi cabinet has authorised the Director General of the General Company of Iraqi Ports to sign a contract with the South Korean company Daewoo to construct the first phase of the Al-Faw Great Port project in Basra. The project will be supervised by the Italian consulting company Technital. Reuters reports that […]
Tags: Al Fao, Al Faw, Al Faw Grand Port, Daewoo, Daewoo Construction, featured, General Company of Iraqi Ports, Grand Fao, Italy, korea, mn, Ports, South Korea, Technital
Korea extends Support to Stabilization in Iraq
The Ministry of Foreign Affairs of the Republic of Korea (MoFA) is supporting the United Nations Development Programme (UNDP) with an additional USD 5M million to support stabilization activities in areas liberated from the Islamic State of Iraq and the Levant (ISIL) in Iraq. The Republic of Korea's contribution will be channeled through UNDP's Funding […]
Tags: featured, Funding Facility for Stabilization (FFS), korea, mn, South Korea, UN Development Programme (UNDP)
Alstom signs Letter of Intent for Baghdad Elevated Train
Alstom and the Iraqi Ministry of Transport sign a Letter of Intent for the implementation of the Baghdad Elevated Train An Alstom-led Consortium, together with its partner Hyundai Engineering & Construction, have signed a Letter of Intent with the Iraqi Ministry of Transport to define a framework for all the appropriate steps to accelerate the […]
Tags: Alstom, Baghdad, Baghdad Elevated Train (BET), Baghdad Metro, Baghdad Monorail, featured, France, Hyundai, korea, mn, monorail, South Korea
Baghdad Metro: Negotiations to Start with Alstom, Hyundai
By Editor on 15th October 2020 in Construction & Engineering In Iraq, Iraq Public Works News, Iraq Transportation News
By John Lee. The Iraqi Cabinet has authorised the Ministry of Transport to enter into negotiations with a consortium led by France's Alstom and Hyundai of South Korea, regarding the Baghdad suspension railway project. The result of the negotiates are to be submitted to Cabinet for approval. (Source: Govt of Iraq)
Tags: Alstom, Baghdad, Baghdad Metro, Baghdad Monorail, featured, France, Hyundai, korea, mn, monorail, Rail, South Korea
Al-Faw Port Project's Endless Delays
By Azhar Al-Ruabie for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's al-Faw port project's endless delays Although 10 years have passed since the Iraqi government started laying the groundwork for the al-Faw grand port in southern Iraq, the project is still far […]
300MW Power Station opened near Erbil
By John Lee. A new 300-megawatt steam power plant has been recently opened in Khabat, on the outskirts of Erbil. The plant, built in partnership with South Korean companies POSCO and the Korean National Oil Company (KNOC), adds 10 percent to the region's electricity capacity. Speaking at the opening ceremony, KRG Prime Minister Masrour Barzani […]
Tags: Electricity In Iraq, featured, Khabat, Khabat power station, korea, Korean National Oil Company (KNOC), KRG, Kurdistan News, mn, POSCO, South Korea
Hyundai to Build Al-Khairat Power Station
The Cabinet held its weekly meeting on Tuesday under the chairmanship of Prime Minister Mustafa Al-Kadhimi. The Cabinet discussed the needs of Iraq's health sector, and agreed several measures to expand existing capacity and introduce new services. The measures included: Adding additional ward capacity for the treatment of cancer patients at the National Amal Hospital and the […]
Tags: Al-Khairat Power Station, Electricity In Iraq, featured, Hyundai, Karbala, Karbala refinery, Khairat, korea, mn
UNICEF, Korea to provide Water and Sanitation in Iraq
UNICEF partners with the Republic of Korea to provide water and sanitation services for the most vulnerable children in Iraq Approximately 3 million children and young people across Iraq need humanitarian support as they try to recover from years of conflict and violence. The Republic of Korea has partnered with UNICEF and contributed US$1 million […]
GB Auto "ends Hyundai Representation in Iraq"
By John Lee. GB Auto (Ghabbour Group) has reportedly decided to cease its representation of Hyundai passenger cars in Iraq. According to Daily News Egypt, the company rejected Hyundai's new multi-distributor strategy, on the basis that such models never yield proper returns on investment. It adds that Hyundai had a market share of approximately 25 […]