Iraq approves highest road project budget in 20 years
3 February 2023
OPEC producer Iraq is expected to make the largest budget allocations to road projects in nearly 20 years within a massive post-war rebuilding plan, the country’s Construction and Housing Minister said in remarks published on Thursday.
The Arab country, OPEC’s second largest oil producer after Saudi Arabia, is taking advantage of high oil prices to accelerate reconstruction projects mainly in infrastructure, which has been badly damage during the war.
“This year will see the largest budgetary allocations for road projects since 2023,” Benkin Rikani told the official Iraqi news agency.
Rikani did not specify those allocations but said his Ministry intends to award at least 30 projects for road construction and expansion through Iraq in the next weeks.
Related
-
China’s Xincheng Jiao to invest $11.6bln in Saudi vehicle plant
6 November 2025
-
World bank to lend $156m for Guyana’s roads
6 November 2025
-
KEPCO to acquire majority stake in Ireland’s Simply Blue Energy
5 November 2025
-
Vietnam's conglomerate Vingroup proposes $5.3 bln Hanoi-Quang Ninh high-speed rail
4 November 2025
-
Bids in for 10km breakwater at India’s latest megaport
4 November 2025
-
Blackstone firm launches $3bn Saudi data centre venture
4 November 2025


京公网安备
11010802030424号
京ICP备19046776号-2