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Category: Construction & Engineering

New Investment Projects announced by NIC and Ministry of Construction

New Investment Projects announced by NIC and Ministry of Construction

The NIC (National Investment Commission of Iraq), the Ministry of Construction, Municipalities and Public Works / Roads and Bridges Department have announced an investment opportunity to design, rehabilitation, operation and management of the road connecting entrance No. 5 of Basmaya residential City with Mohammed Al Qasim Highway. Iraqi, Arab, and foreign companies with experience and specialization are invited in investment to participate and submit their offers for this project in accordance with the Investment Law. Interested companies in the project…

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Foreign Companies will invest in the Faw Port

Foreign Companies will invest in the Faw Port

The Iraqi Transport Ministry has announced the establishment of a joint stock company in order to manage the port of Faw with more than 1.3 billion U.S dollars capital. The Ministry is also considering the request of foreign companies willing investing in the port of Faw. It has been considered a significant amount of progress in the work of the port. Entire resources have provided to boost up the work of port. Point to be noted that the Iraqi ports…

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Ministry of Planning and UNDP Agreement to Overcome Unemployment issue in Iraq

Ministry of Planning and UNDP Agreement to Overcome Unemployment issue in Iraq

The Iraqi Ministry of Planning has signed an agreement regarding the implementation of strategy in participation with the UNDP (United Nations Development Program) in the development of private sector. A statement issued by the Iraqi Ministry of Planning for Technical Affairs that Maher Hammad Johan has signed an agreement with the country director for the United Nations program in the Middle East, Munir Thabet. Hammad said in his statement that they will continue cooperation with the UNDP (United Nations Development…

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The Iraqi Reconstruction Conference will be held on 12th Feb in Kuwait: Al-Jarallah

The Iraqi Reconstruction Conference will be held on 12th Feb in Kuwait: Al-Jarallah

On Monday, the Deputy Foreign Minister of Kuwait, Khaled Al-Jarallah issued a statement that Kuwait will host International Conference and it will be conducted from 12th Feb to 14th Feb 2018, and it is dedicated for the Reconstruction of Iraq. He stressed that Kuwait is providing a significant amount of support for Iraq and it will not be stopped in the future. Al-Jarallah delivered his words during a press conference on the event of announcing the date of the conference regarding…

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Why the World Bank decreased Financial Support for Iraq?

Why the World Bank decreased Financial Support for Iraq?

The Iraqi government is looking to implement the national reconciliation project in the country. This step will be taken due to the conditions imposed by the World Bank for providing financial support for Iraq. It has been interpreted by the financial specialists and observers regarding the retreatment by the financial support by the World Bank in the light of current financial crisis in the country and an increase in the federal budget deficit for the current year. This situation is…

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Iraq is now Secure for International Investment: Economic Experts

Iraq is now Secure for International Investment: Economic Experts

The role of Iraqi private sector in the Iraqi economic process should be more realistic. The current situation in the country needs to prove their worth by improving credit rating from the institutions and private sector companies. The government departments and all ministries should give a clear picture of investment opportunities, especially in the reconstruction fields in the liberated areas. A famous economic expert Lubna Al-Shammari said that credit rating of Iraq has its own importance. Iraqi government should confirm…

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At least 2 Million Housing Units urgently required in Iraq

At least 2 Million Housing Units urgently required in Iraq

The Secretary General of the Iraqi Council of Minister Mehdi issued a statement that at least 2 million housing units are urgently required in Iraq. He added in his press statement that Iraqi government is working hard in the reforming process and efficient in reconstruction of houses. But, the current production doesn’t meet the increasing demand of housing from Iraqi citizens in the country. He pointed out that the latest figures are indicating that Iraq should build at least 2…

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Electricity Ministry Sign Contract With Siemens to Start Four New Plants in Baghdad

Electricity Ministry Sign Contract With Siemens to Start Four New Plants in Baghdad

Iraqi Dinar 123 News:– On Thursday, the Iraqi Ministry of Electricity has announced that they have signed a contract with a German company ‘Siemens’. This contract includes refinement equipment, civil works and application of four major manufacturing plants of 132 KV in the capital Baghdad. The Directorate for power transmission projects, Director General Sabah Khadim Ekrb issued a press statement that this contracts will accommodate refinement equipments and civil works for four power stations that are already available to the…

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