By John Lee. The Iraqi cabinet has agreed to the authorization of a contract with a consortium of companies for a major seawater desalination project in Basra. A statement from the cabinet named the companies as Samsung, Makinasinayi (sic), Biwater, Wood Group and Al-Rida Group. The work will be based on a study submitted by […]
Tag Archives | South Korea
Tags: Al-Rida Group, Austria, Biwater, featured, ILF Consulting Engineers, korea, Makinasinayi, mn, Samsung, South Korea, UK Export Finance (UKEF), United Kingdom, Wood Group
$3m for Survivors of Gender-Based Violence in Iraq
The Country Director of Korea International Cooperation Agency (KOICA) in Iraq, Mr Lee Dong Hyun and UNFPA Representative to Iraq, Dr Rita Columbia, signed a two-year agreement of 3 million dollars, in partnership with the Ministry of Health and Environment and the Ministry of Labour and Social Affairs. This new grant will go towards assisting […]
Tags: featured, KOICA, korea, Korea International Cooperation Agency, mn, Sexual and gender based violence (SGBV), South Korea, United Nations (UN), United Nations Population Fund (UNFPA)
Supporting Small Businesses in Baghdad, Ninewa and Kirkuk
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 […]
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)
Iraq "Planning 8 Nuclear Power Stations"
By John Lee. Iraq is reportedly planning to build eight nuclear power stations to provide much-needed electricity. According to Bloomberg, the $40-billion scheme would provide 11 GW of power to the Iraqi grid. Click here to read the full article. (Source: Bloomberg)
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
Iraq receives First Delivery of Vaccines through COVAX Facility
Iraq receives the first delivery of COVID-19 vaccines through the COVAX Facility Amid a global shortage of COVID-19 vaccines, Iraq has finally received 336 000 doses of AstraZeneca COVID-19 vaccine through the COVAX Facility, a partnership co-led by Coalition for Epidemic Preparedness Innovations (CEPI), Gavi - The Vaccine Alliance and the World Health Organization (WHO), […]
Tags: AstraZeneca, Coalition for Epidemic Preparedness Innovations (CEPI), coronavirus, Covax, covid19, featured, Gavi - the Vaccine Alliance, SK-Bio Institute, South Korea, UNICEF, United Nations (UN), vaccination, World Health Organization (WHO)
More on Daewoo's Iraq Port Deal
By Adnan Abu Zeed for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Daewoo fulfills Iraq's Faw Port despite obstacles The head of Iraqi Ports in the Ministry of Transportation signed a contract Dec. 30 with the South Korean company Daewoo […]
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)
Govt Increases Incentives at Bismaya; pays Hanwha $100m
By John Lee. The Iraqi Cabinet has directed Al-Rafidain Bank, Al-Rasheed Bank, and the Trade Bank of Iraq (TBI) to pay $100 million to South Korea's Hanwha Engineering and Construction Company, which is implementing the Bismayah City residential project (pictured). It also agreed to reduce the minimum advance payment for buying housing units at the […]
Tags: Bismaya, Bismayah, featured, Hanwha, mn, Rafidain Bank, Rasheed Bank, South Korea, Trade Bank of Iraq (TBI)
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 […]