The governments of Iraq and Saudi Arabia have signed an agreement for the development of US$1 billion Jadat Baghdad (Baghdad Avenue) in Iraq.
The development aims to showcase the growing collaboration between Iraq and Saudi Arabia and serve as a catalyst for regional transformation. It encompasses the construction of approximately 6,500 residential units, including 2,500 villas and 4,000 apartments. Located near Baghdad's international airport, the Baghdad Avenue project will also feature commercial offices, restaurants, cafes, and one of Iraq's largest shopping malls.
Country updates
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April 10, 2023
Construction to begin for Shalamcheh - Basra 32 km railway line project
Officials from Iran and Iraq have reached an agreement to begin work on a 32km railway between the Iranian town of Shalamcheh and the Iraqi city of Basra. The project has been planned for 20 yea...
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January 17, 2022
MoU signed for Shalamcheh-Basra railway PPP project between Iraq and Iran
A Memorandum of Understanding (MOU) has been signed between Iran and Iraq for a 32 km railway line joining the two countries together. The railway PPP project connects the town of Shalamcheh loca...
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September 27, 2021
Iraq to launch new phase for Grand Faw port concession
General Company for Ports in Iraq has announced plans to launch further phases for Grand Faw port after the completion of construction works for five main piers to unload ships and a yard for con...
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November 06, 2020
Iraq launches Erbil wheat storage PPP
The Government of Iraq has launched a wheat project in Erbil which aims to provide wheat products to the entire country. The project aims to develop a 200-thousand ton capacity wheat silo, a...
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August 26, 2020
DFC and Iraq signs MoU for PPP projects
The U.S. International Development Finance Corporation (DFC) with the Government of Iraq has signed a memorandum of understanding (MOU) strengthening cooperation in support of private sector-led...
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