By John Lee. Iraq's Finance Minister and the South Korean Ambassador to Iraq have met to discuss the financing of an air defence system contract agreed between the two countries. According to Iraq's Ministry of Finance, Faleh Sari met with Ambassador Lee Jae-myung on Wednesday. Also present were the Iraqi Army Chief of Staff, Lieutenant […]
By John Lee. Options for restarting the stalled Bismayah housing project were discussed at a meeting between the National Investment Commission (NIC) and the South Korean Ambassador to Iraq, Lee Joonie, on Sunday. According to the NIC, the meeting reviewed the current status of the project and examined options for settling outstanding financial dues, including […]
By John Lee. A $10 million initiative to support the sustainable resettlement of internally displaced persons, returnees and displacement-affected communities has been launched across Anbar, Kirkuk, Ninewa and Salah al-Din. The programme is funded by the Government of the Republic of Korea through the Korea International Cooperation Agency (KOICA) and implemented by United Nations Development […]
By Noam Raydan, for Seatrade Maritime. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Despite Pipeline Talks, Hormuz will Remain Key to Iraq's Oil Exports Amid the protracted crisis in the Strait of Hormuz, Iraq has been racing to find new outlets and […]
By John Lee. Progress on the Bismayah housing project and outstanding funding issues were discussed at a meeting between Iraq's National Investment Commission (NIC) and representatives of South Korea's Hanwha. NIC Chairman Adel Dakhil Muhammad al-Yasiri received Hanwha's project representative, Yong Jae Park, along with his delegation on Wednesday. Al-Yasiri stated that he was fully […]
By John Lee. A preparatory meeting has been held for the Iraqi side of the tenth session of the Iraqi-South Korean Joint Committee. The meeting was chaired by Shoorsh Khalid Saeed, Deputy Minister of Foreign Affairs for Legal and Multilateral Affairs, with participation from representatives of relevant ministries and sectoral bodies, the Iraqi Embassy in […]
By John Lee. Iraq's Ministry of Trade has held talks with South Korea's Ambassador to Iraq, Lee Jun-il, on expanding bilateral trade, economic and investment cooperation. According to the Ministry of Trade, the meeting covered the current state of Iraq-South Korea relations and ways to develop them across economic and commercial sectors. Discussions also addressed […]
By John Lee. Nasiriyah Heart Hospital received a Korean medical delegation as part of a new phase of the Iraq-Korea joint cooperation project. The project is funded through a grant from KOICA [Korea International Cooperation Agency] for the Establishment of the Korea-Iraq Specialized Hospital for Children with Heart Disease (2020-2030 / USD 27.93 million). A […]
By John Lee. South Korea's Hyundai Livart has reportedly won a contract worth KRW 117.8 billion [$80 million] to build worker accommodation, offices and other infrastructure at Iraq's Common Seawater Supply Project (CSSP) in Basra. According to Maeil Business Newspaper, Hyundai Livart secured the contract through a competitive bidding process against several Middle Eastern construction firms. […]
By John Lee. National Investment Commission (NIC) Chairman Haider Mohammed Makkiya met South Korean Ambassador to Iraq Lee Joon-il in Baghdad to discuss expanding bilateral cooperation in investment, trade and economic relations. The talks reviewed investment opportunities across industry, housing, energy and infrastructure, as well as measures to improve the investment environment for South Korean […]
By John Lee. The State Company for Automotive Industry (SCAI), under the Ministry of Industry and Minerals, has completed production of the first batch of 360 single-cabin Kia field vehicles, assembled entirely by Iraqi hands in partnership with Kia Motors of South Korea. The company's Director General, Dana Saadallah Saeed, announced that the vehicles, model […]
By John Lee. The Council of Ministers has approved measures related to water infrastructure in Basra and contract execution for the first phase of the Grand Faw Port project. The cabinet reviewed the Al-Baradhiya water project in Basra and approved the establishment of modular water treatment stations on the Shatt al-Arab to secure drinking water […]
