The Iraqi minister of housing and reconstruction on Monday said that Iraq’s participation in the meetings of the UN-HABITAT meetings in Amman aims to benefit from experience in the region. “A total of 150 representatives of the state-run housing sector in neighboring countries, in addition to the private sector, non-governmental organizations (NGOs), banks and UN […]
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Reuters quotes the Iranian Consul to Basra as saying that Iran hopes to double trade with Iraq to $8 billion this year, mostly in the construction, food and industrial sectors. Meanwhile, 60 companies participated in an exhibition of Iranian trade and industry in Basra City. The consul also told Aswat al-Iraq that, “Iran is working […]
A Chinese delegation has visited the Shiite city of Karbala, and expressed its readiness to conduct several projects there, Karbala’s first deputy governor said on Thursday. “The delegation, led by a Chinese businesswoman who owns a number of industrial companies, has finished its visit to Karbala,” Abbas al-Moussawi told Aswat al-Iraq news agency. The delegates […]
According to a report from Reuters, Iraqi Kurdistan’s investment body says the region has attracted more than 12 billion US dollars from local and foreign investors in non-oil sectors over the last three-and-a-half years, mainly in housing. Of this $12 billion, $3.1 billion was from foreign sources, and this would been higher had a $6 […]
A number of German companies presented a proposal to build low-cost housing units in Baghdad, the Investment Commission of Baghdad said on Wednesday. The proposal was made during an investment conference held between German and Iraqi businesses. The Chairman of the Commission stressed the need for more investment in residential developments. (Sources: Aswat Al Iraq, […]
Basra’s Investment Commision is reportedly in discussions with an American company on a possible new factory to make oil pipelines and valves. The deal may involve a joint venture with Ibn Majed Iraqi Engineering Company.
Three engineers were arrested on Tuesday after the collapse of a school in the south of Sulaimaniya, a judicial source said. “The three engineers are responsible for the establishment of the school, which collapsed on Monday (Feb. 15) in central Klara district in south of Sulaimaniya, during which seven workers were wounded,” the source told […]
Aswat Al Iraq reports that an Indian contracting company met with officials from the Basra Investment Commission on Tuesday to discuss possible ventures in the area. “The company has put forward several investment projects in the fields of housing, oil and agriculture to be implemented in the province,” the Commission told Aswat al-Iraq news agency. […]
Fawziya al-Maliki, an elegant and determined 44-year old, is spearheading Iraq’s efforts to preserve what architectural treasures remain in the war-ravaged country, but her job is proving dangerous. With many Iraqis fiercely opposed to letting cultural concerns undermine their financial interests, Maliki received death threats in early February for prohibiting the demolition of an old […]
Six projects involving roads, bridges and a water unit, have been approved for Wassit province. Total value is approximately $26m. Additionally, the provincial council has signed a contract with a number of foreign companies to build housing units for teachers.
Aswat al-Iraq reports that the head of the provincial council in Basra has met with the Iranian consul in the province to discuss the development of relations and cooperation between the two countries, particularly in the field of construction. “The talks have tackled the possibility of benefiting from the experience of Iranian companies in the […]
(Source: Aswat Al Iraq) Aswat Al Iraq reports the signing of an agreement on Tuesday between al-Muthanna provincial authority and a Swiss firm to build 3,000 furnished residential units for poor families in the province. Each unit will be sold for approximately $5,000.