10-05-2025
Al Rida Investment Group joins IBBC
By John Lee.
Al Rida Investment Group has joined the Iraq Britain Business Council (IBBC).
Established in 1997, Al Rida has evolved from a construction company into a diversified Iraqi holding firm at the forefront of national development, according to a press release from the IBBC. With investments in real estate, infrastructure, industrial manufacturing, and financial services, Al Rida plays a key role in Iraq's economic transformation, it added.
Its landmark projects include the Karbala International Airport, major commercial and residential developments exceeding $2 billion, and the master planning of a 6,000-dunum industrial city designed to boost Iraq's industrial self-reliance and attract long-term investment.
Al Rida's Chairman, Mr. Abbas Noaman said:
"We are committed to laying foundations for a prosperous Iraq - projects that don't just serve today, but shape tomorrow. Our collaboration with IBBC strengthens our vision of building an ecosystem of innovation, industry, and inclusive growth."
Mr Christophe Michels, Managing Director of the IBBC, said:
"IBBC is delighted to have AL Rida as a member, as its profile and capability fits closely with IBBC's Iraqi and International members interests, and we all look forward to working with this successful and diverse company as we work together to transform Iraq."
(Source: IBBC)
