By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a special meeting on Monday to review progress on the Ali Al-Wardi New Residential City (Madinat al-Ward), planned for southeast Baghdad. The project, spanning 61 million square metres, will provide 120,000 housing units of various types. It is positioned as a key solution to Iraq's housing […]
By John Lee. [Update: On 16th October 2025, Citi Pharma clarified to the Pakistan Stock Exchange that no decision had been made to open a factory in Iraq. Our article below was based on a post that Citi Pharma published on its own Facebook page, in which it clearly states, "We are excited to announce […]
By John Lee. The Kurdistan Regional Government (KRG) has launched the Kawlokan Corniche Project, a key component of the Soran District Tourism Master Plan, aiming to establish the area as a major visitor destination. The first phase will develop five ponds along a 4-kilometre river stretch, with landscaped green spaces, cafés, and restaurants. The project's […]
IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1bn in New Investments The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad on Saturday, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of […]
By John Lee. The National Investment Commission (NIC) has granted the investment licence for the Baghdad Hills project, one of the largest residential, recreational, and commercial developments in the capital. Located in the Al-Rafeel area of Baghdad, the project will feature 6,333 apartments distributed across 50 towers of 19 floors each, alongside 2,300 standalone villas. […]
By John Lee. The Central Bank of Iraq (CBI) has announced details of its urban development initiatives for Baghdad's heritage areas, including a donation of more than 90 billion Iraqi dinars [$90 million] to revive Al-Rasheed Street, one of the capital's most famous cultural and tourist landmarks. Plans include the introduction of a tram line […]
By John Lee. Prime Minister Mohammed Shiaa Al-Sudani chaired a meeting of the Higher Committee for Reconstruction and Investment on Sunday, focusing on major housing initiatives in Baghdad. The meeting reviewed the economic model for the New Sadr City project, which in its first phase will deliver 11,000 housing units, alongside commercial areas, green spaces, […]
By John Lee. Apex Health, a subsidiary of Qatar's Estithmar Holding, has announced that it has obtained an investment licence from Iraq's National Investment Commission (NIC) to develop a 400-bed private hospital in Baghdad's Al-Zaafaraniyah district (formerly Al-Rashid Camp). The new facility, to be named Baghdad International Hospital, will be built on a 100,000-square-metre riverside […]
By John Lee. China Petroleum Engineering Co. (CPECC) has announced that its wholly-owned subsidiary, China Petroleum Pipeline Engineering Co. (CPPE) has been awarded a major contract by Iraq's Basra Oil Company (BOC) for the Basra Province Seawater Transmission Pipeline EPC Project. The project, valued at $2.524 billion, includes the construction of trunk and branch pipelines […]
By John Lee. The Iraqi Cabinet has approved a series of incentives for the developers of Basra/1 and Basra/2 residential projects. For Basra/1, the developer has been exempted from the standard 10 percent deduction representing the landowner's share. The company is also authorised to sell units at open market prices. Additionally, it is permitted to […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani has officially launched the first phase of the second Baiji Gas Power Station in Salahuddin province, a project that will add up to 1,014 megawatts to Iraq's power grid. Speaking at the launch event on Saturday, Al-Sudani reiterated that energy is the cornerstone of Iraq's comprehensive development […]
By John Lee. Prime Minister Mohammed Shia Al-Sudani on Wednesday launched the construction of Al-Kriat [Al-Kari'a] Bridge over the Tigris River as part of the Baghdad reconstruction campaign, specifically targeting the revitalisation of the holy city of Kadhimiya. The work will be carried out by Turkish company HSY Yapi Insaat and Lebanon's Khatib & Alami. […]
