Construction of 1,000 schools in Iraq delayed
1 January 2023
Iraq is pushing ahead with plans to build 1,000 schools under an agreement with Chinese companies but the project is delayed by the war in Ukraine, an official has said.
Chinese firms agreed to construct the schools in Iraq’s 15 governorates under their 2019 oil-for-projects accord which stipulates supplying companies from China with crude oil in exchange for projects they undertake in Iraq.
The project to build 1,000 schools has achieved “good execution rates” but there are obstacles, said Nazim Hameedi, School Projects Director at the Iraqi Cabinet Secretariat.
“These obstacles include land allocation and logistics problems…most of these obstacles have been tackled except for funding from the executing companies due to the war in Ukraine…as a result Iraqi firms undertaking such projects for their Chinese partners are trying to seek domestic loans to complete these projects,” Hameedi told Aliqtisad News.
Related
-
Scatec starts work on $590m solar and battery project
9 May 2025
-
Rosatom suing Finnish companies for $2.8bn over terminated nuclear plant contract
7 May 2025
-
Egypt Signs $120 Million Deal for KIZAD East Port Said project
7 May 2025
-
Dewa increases target capacity of its flagship solar project by 45%
6 May 2025
-
Meta to buy environmental attributes from Sunraycer’s Texas solar projects
4 May 2025
-
Construction begins on Belgium’s €7bn energy island
4 May 2025