Tag Archives | korea

The latest Korea – Iraq Business News – housing, construction, company Kogas, & more – brought to you by Iraq Business News

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]