Archive | Construction & Engineering In Iraq

Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.

Newtechnic wins Contract for new Central Bank of Iraq

By John Lee. Newtechnic, which describes itself as a world leader in building engineering technology, has reportedly won the contract to design the facade and oversee the co-ordination and construction of the new Central Bank of Iraq (CBI) building in Baghdad. According to New Civil Engineer, the building, designed by Zaha Hadid Architects (ZHA), will […]

Genel Energy Shares Up Sharply on AGM Statement

By John Lee. Shares in Genel Energy were trading up 8 percent on Thursday morning after the company announced a big jump in cash reserves and positive developments at Peshkabir: Stephen Whyte (pictured), Chairman of GenelEnergy plc gave the following update at the company’s Annual General Meeting this morning: “After a landmark 2017, Genel is […]

Australia Increases Support for Stabilization in Iraq

Australia Substantially Increases Support to Stabilization in Iraq The Government of Australia has contributed an additional USD 13.5 million (AUD 18 million) to the UNDP Funding Facility for Stabilization (FFS), which finances fast-track initiatives in areas of Iraq liberated from the Islamic State of Iraq and the Levant (ISIL). This brings Australia’s total contribution since […]

Qatar Supports WFP’s Food Program in Iraq

Qatar Fund For Development Supports WFP’s Food Assistance Program in Iraq The Qatar Fund For Development (QFFD) has made a contribution of US$3 million to the United Nations World Food Programme to provide assistance for displaced people in Iraq. The funding will support more than 22,000 Iraqis living in camps. “The Qatar Fund For Development […]

Safe Drinking Water for 33,000 in Erbil Governorate

Access to safe drinking water is ensured for over 33,000 people in the Governorate of Erbil The United Nations Development Programme (UNDP) and Erbil Governorate completed the rehabilitation of the main water treatment plant in Rawanduz sub-district, which provided safe drinking water to over 33,000 people, including 2,000 internally displaced people (IDPs). With support from […]

Japan Supports Development of Water Supply and Irrigation

JICA to Support Reconstruction through Development and Rehabilitation of Water Supply and Irrigation Facilities: On 3 May, 2018, the Japan International Cooperation Agency (JICA) and the Iraqi Government signed two loan agreements at Ministry of Finance in Baghdad. These two ODA (Official Development Assistance) loans, amounting to JPY 34,880 million (approximately USD 329 million) in […]

Lucky Cement to Invest $109m in Samawah

By John Lee. Pakistan’s Lucky Cement has announced a plan to build a greenfield clinker production facility in Samawah. The plant will have a capacity of 1.2 million tons per annum, and will be set up as a joint venture project with the company’s existing local partner. The company already has a cement grinding unit […]

Positive Indicators at IBBC Conference

By Padraig O’Hannelly. At a major Iraqi business event in London on Tuesday, there was a strong sense that Iraq’s perceived risk profile is improving, and that this is an excellent time to do business in the country. Nearly 300 delegates attended the Iraq Britain Business Council (IBBC)‘s Spring Conference at the Mansion House, which focused […]

Siemens to add 700 MW to Rumaila Power Plant

Germany’s Siemens has won a contract to add 700 megawatts (MW) to the Rumaila Gas Power Plant, which currently has a power generation capacity of 1500 MW. Siemens will supply its highly-efficient SST-5000 steam turbines, ensuring the additional power supply comes at no extra fuel requirement while increasing the overall power plant efficiency to more […]