By John Lee.

Iraq’s National Investment Commission (NIC) has reportedly approved plans for a British company to develop a 4,000 acre site near Baghdad International Airport (BIAP).

According to Thomson Reuters, the NIC is negotiating with Iraqi companies to develop the remaining 16,000 acres of the land that cabinet approved for development in May.

More here.

(Source: Thomson Reuters)

By John Lee.

Reuters has reported that the Iraqi government has authorised the Ministry for Oil to sign an initial agreement with Netherlands-based Royal Boskalis Westminster to build an “offshore oil export installation“.

IBN’s requests to the company for confirmation have not been returned.

(Source: Reuters)

By John Lee.

Bina Puri Sdn Bhd, a wholly-owned subsidiary of Malaysia’s Bina Puri Holdings Bhd, has successfully secured a new contract for the proposed dual-lane road from Al-Islah Junction to Al-Jabayish at Nasirya City, in Thi Qar [Dhi Qar] province.

The project, worth IQD87 billion ($73 million), includes the construction of 74.5 km dual lane road with 7 bridges ranging from 14m to 87m length, complete with all road accessories such as guardrails and street lighting, with work duration of 36 months.

(Source: Bina Puri)

Health, sport, nature: Key sites in Mosul reopen after damage by ISIL

Al Rabee Primary Healthcare Center, the Al Muthana Sport and Youth Center and the East Mosul Nursery Plantation were officially reopened today by the Government of Ninewa, following their rehabilitation by the United Nations Development Programme (UNDP).

“While a lot of work remains to be done in Mosul, the opening of these three projects shows the strength and resilience of the city – one that’s well on its way to recovery after experiencing immense hardship under ISIL’s control,” says UNDP’s Resident Representative in Iraq, Zena Ali Ahmad.

“Al Rabee is one of 24 healthcare centers and hospitals rehabilitated by UNDP in Mosul and provides critical healthcare services to communities across the city,” she says.

“The Al Muthana Sport and Youth Center is an opportunity to reengage our youth. Sport and organized youth actives go a long way in keeping young people feeling healthy, recognized and valued, so this facility is extremely important.

“And plants produced by the Nursery will not only beautify the city, but they also hold great symbolism – representing new life and restored hope for the people of Mosul.”

Rehabilitation of Al Rabee Primary Healthcare Center was funded by the United Arab Emirates (UAE) and furniture for the Center was provided by a financial contribution from Poland. Rehabilitation of both the Sport Center and Nursery Plantation was supported by The Netherlands.

“The completion of these sites wouldn’t have been possible without the generous contribution of our donors. We’re extremely grateful to the UAE, Poland and The Netherlands for their continued support to stabilizing Iraq,” adds Ms Ali Ahmad.

Approximately 827 stabilization projects have been completed or are underway by UNDP in Mosul, including restoring water and electricity networks, rebuilding educational institutions and healthcare facilities, providing employment for locals to clear rubble from streets, and rehabilitating 15,000 houses.

About the projects

Al Muthana Sport and Youth Center is a public sporting facility and a hub for organized youth activities. At 6700m2, it includes multi-purpose courts for basketball, volleyball, tennis and handball. Under ISIL’s occupation it was used as the militant group’s primary training base.

East Mosul Nursery Plantation is the main source of plant supply to government departments. The area covers 56,000m2 and consists of greenhouses, net shades, open spaces and admin buildings. Prior to ISIL’s occupation, the nursey would produce 250,000-300,000 plants per year.

Al Rabee Primary Healthcare Center is one of the largest in West Mosul. Before ISIL’s occupation, the Center served some 500 patients per day in a catchment area of about 39,000 people. Today it receives about 100 patients per day, however this number is expected to increase as more people return home.

(Source: UNDP)

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News.

Slow progress is being made to rebuild the ruined city of Mosul in northern Iraq.

It is two years since the Iraqi army, with a United States-led coalition and Iran-backed Shia militias, drove ISIL fighters from the capital of their self-declared caliphate.

Reconstruction efforts are not being helped by the sanctions imposed by the US on Iraq’s ally Iran.

UN agencies estimate it may take tens of millions of dollars and 10 years just to remove mines and explosives.

Al Jazeera‘s Osama Bin Javaid reports:

By John Lee.

The Iraqi Cabinet held its regular meeting in Baghdad on Tuesday under the chairmanship of Prime Minister, Adil Abd Al-Mahdi, at which it discussed a series of recommendations by the Ministerial Committee for Energy regarding a number of strategic projects aimed at increasing Iraq’s oil production and exporting capacities.

The Cabinet approved the proposed Iraq-Jordan oil pipeline, and the construction of offshore oil exporting facilities in Iraq’s territorial waters in the Gulf.

it also discussed a number of infrastructure and service projects and approved a proposal from the Ministry of Construction and Housing for a pedestrian bridge in the Gherai’at area in Baghdad.

The Cabinet also approved several measures to encourage Iraqi, Arab and international investment in Iraq, including further action to cut red tape and streamline procedures.

The Cabinet approved a draft law on the accession by the Republic of Iraq to the 1997 Protocol to amend the International Convention for the Prevention of Pollution from Ships (1973) as modified by the 1978 Protocol.

(Source: Govt of Iraq)

By Rasha Mahmoud for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Looking to make inroads into reconstruction projects in Libya and Iraq, Cairo kicked off its annual Builders of Egypt Forum, one of the country’s biggest events in the construction industry.

Egyptian Prime Minister Mostafa Madbouly addressed the audience at the June 16 conference, which drew government officials, builders and bank officials to discuss opportunities available for the Egyptian construction companies abroad.

Click here to read the full story.

High-ranking officials from Iran, Syria, and Iraq have agreed to create “a multimodal transport corridor” a part of efforts to boost trade relations between the three Muslim nations.

“The three friendly and brotherly countries of Iran, Iraq, and Syria have good and growing business relations,” Iranian Deputy Minister of Roads and Urban Development Shahram Adamnejad told the Tasnim News Agency.

“Given the actual and potential capacities created by the bilateral agreements between the three countries as well as the prospect of increasing these exchanges in the near future, we will witness a new chapter of trade prosperity in the territories of the three countries,” he added.

“Accordingly, the three countries have agreed to establish a multimodal transport corridor on the route from Iran to Iraq and Syria, and vice versa,” the deputy minister went on to say.

Speaking at a trilateral meeting between the state-owned Iraqi Republic Railways (IRR) and its Iranian and Syrian counterparts, the IRR Managing Director Talib Jawad Kazim praised Iran’s achievements in the railroad industry and said the sanctions have made Iran archive great successes.

He further pointed to the railroad project connecting Iran’s Shalamcheh to Iraq’s Basra and said his country is willing to speed up the project so that the two countries’ rail networks are connected to each other and then connected to Syria.

During Iranian President Hassan Rouhani’s visit to Iraq in March, the two countries signed five deals to promote cooperation in various fields.

The documents entail cooperation between Iran and Iraq concerning the Basra-Shalamcheh railroad project, visa facilitation for investors, cooperation in the health sector, and agreements between the Ministry of Industry, Mines and Trade of Iran and Ministry of Trade of Iraq, and another one in the field of oil between the petroleum ministries of the two countries.

Iran’s Minister of Industry, Mine and Trade Reza Rahmani has said that Tehran and Baghdad have agreed to reach the target of raising the value of annual trade exchange to $20 billion within two years.

(Source: Tasnim, under Creative Commons licence)

Official delegations from Iran and Iraq held the second meeting of a joint commission for coordination on Arvand Rud, a border river flowing in Iran’s southwestern province of Khuzestan.

The Tuesday meeting was held in Tehran within the framework of an agreement signed by the heads of the two states.

The meeting was co-chaired by the Iranian Foreign Ministry’s director general for legal and international affairs and the Iraqi foreign minister’s advisor.

In the gathering, attended by the representatives of various Iranian and Iraqi ministries and organizations, the two sides discussed the general framework of the arrangements for dredging and clean-up of Arvand Rud, and agreed that the joint operational ideas would be submitted to the high-ranking officials of the two countries to be agreed upon and implemented.

Prior to the talks, the interim technical task force on dredging Arvand Rud had held a meeting, during which technical experts from the two countries held negotiations on a timetable for the operations regarding the clean-up of Arvand Rud, according to the Foreign Ministry’s official website.

Back in May, Iranian and Iraqi authorities signed the proceedings of a meeting that had been held to study the technical issues of dredging Arvand Rud.

Tehran and Baghdad have already signed an agreement to resolve disagreements over Arvand Rud based on the 1975 Algiers Accord, which deals with border issues and norms of good neighborliness.

(Source: Tasnim, under Creative Commons licence)

Official delegations from Iran and Iraq held the second meeting of a joint commission for coordination on Arvand Rud, a border river flowing in Iran’s southwestern province of Khuzestan.

The Tuesday meeting was held in Tehran within the framework of an agreement signed by the heads of the two states.

The meeting was co-chaired by the Iranian Foreign Ministry’s director general for legal and international affairs and the Iraqi foreign minister’s advisor.

In the gathering, attended by the representatives of various Iranian and Iraqi ministries and organizations, the two sides discussed the general framework of the arrangements for dredging and clean-up of Arvand Rud, and agreed that the joint operational ideas would be submitted to the high-ranking officials of the two countries to be agreed upon and implemented.

Prior to the talks, the interim technical task force on dredging Arvand Rud had held a meeting, during which technical experts from the two countries held negotiations on a timetable for the operations regarding the clean-up of Arvand Rud, according to the Foreign Ministry’s official website.

Back in May, Iranian and Iraqi authorities signed the proceedings of a meeting that had been held to study the technical issues of dredging Arvand Rud.

Tehran and Baghdad have already signed an agreement to resolve disagreements over Arvand Rud based on the 1975 Algiers Accord, which deals with border issues and norms of good neighborliness.

(Source: Tasnim, under Creative Commons licence)