From the World Bank: Iraq: Rising Fiscal Risks, Water Scarcity, and Climate Change Threaten Gradual Recovery from Pandemic Iraq's economic outlook has improved on the back of the recovery of global oil markets, with its GDP projected to grow from 2.6% in 2021 to over 6% in 2022-23. Nevertheless, without accelerated economic reform, unforeseen domestic […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Investment Opportunity: Rest Station in Anbar
By John Lee. The National Investment Commission (NIC) has announced the following investment opportunity: Constructing Tulaiha Future Rest Station in Anbar Province (Source: National Investment Commission)
Contract to rehabilitate Health Centers in Ramadi
By John Lee. Al-Mruoj Al-Badhaa Company has won a contract with the United Nations Office for Project Services (UNOPS) for the rehabilitation of five primary health centers in Al Ramadi, Anbar Governorate. The contract is valued at $813,800. (Source: UNGM)
Iraq Completes $685m Bond Issuance
By Editor on 18th November 2021 in Construction & Engineering In Iraq, Investment, Iraq Banking & Finance News
By John Lee. Iraq has successfully completed the sale of a 1-trillion-dinar (£685-million) construction bond issuance, also know as a "binaa bond". The Ministry of Finance issued the bonds for sale on the local financial market at the start of October, in two categories: IQD500,000 bonds with annual interest of 6 percent for two years; […]
Jordanian Firm to build Shatrah General Hospital
By John Lee. The Iraqi Ministry of Health has signed the contract for the construction of the Shatrah General Hospital, in Dhi Qar governorate. Acting Minister of Health, Dr. Hani Al-Uqabi, signed the contract with a Jordanian company to build the 200-bed facility, with fund including a loan from the Japan International Cooperation Agency (JICA). […]
Tags: Dhi Qar, featured, hospitals, Japan, Japan International Cooperation Agency, JICA, mn, Shatra, Shatrah General Hospital, Thi-Qar
Hill International wins contract for Downtown Sulaymaniyah
By John Lee. Hill International has reportedly been awarded a contract relating to the Downtown Sulaymaniyah project in Iraqi Kurdistan. According to Construction Week, the company will "support the selection of an international design consultant and manage, review and verify, as well as cost manage [the] development." Downtown Sulaymaniyah is the flagship investment project of […]
Tags: Downtown Sulaymaniyah project, featured, Hill International, Hiwa Rauf Company, mn, Slemani, Sulaymaniyah
Successful Handover of Mheila Water Treatment Plant
By John Lee. Lebanese-based Khatib & Alami (K&A) has announced the successful handover of the Mheila Reverse Osmosis Water Treatment Plant (WTP) on the banks of Basra's Shatt al-Arab river, with a capacity of 72,000 m³/day. The plant is the first of its kind in the region because it's reverse osmosis system enables flexible operation […]
Tags: Al-Dayer, Basra News, desalination, DJ, EAB Design & Consulting Engineering, featured, Ireland, Kalite Holdings, Lebanon, Malachy Walsh & Partners, Mheila, Mheila Reverse Osmosis Water Treatment Plant, mn, reverse osmosis, Shatt al-Arab, water treatment
Ten Years Jail for Iraqi Real Estate Fraud
By John Lee. Nineveh Criminal Court has sentenced the former director of Real Estate Registration and his assistants to ten years in prison for fraud relating to property belonging to Mosul Municipality Department. The court issued a sentence of temporary imprisonment for ten years in accordance with article (289) of Penal Code No.(111) of 1969 […]
Tags: Corruption, featured, fraud, Hadba Cooperation Association, mn, Mosul, Ninawa, Nineveh, property, real estate
UN Awards More Contracts in Iraq
By John Lee. Two more companies have won contracts with the United Nations in Iraq: SAGMAN Company for Construction and Contracting Ltd: Construction of low-cost housing units in Dkory, Sinjar, Ninewa Governorate; Contract value $311,168; Sar Albraa for General Contract and Trade Ltd.: Renovation and Extension of the Existing Internal Road at UNAMI Field Support […]
Tags: Baghdad International Airport, BIAP, featured, mn, SAGMAN Company for Construction and Contracting, Sar Albraa for General Contract and Trade Ltd, United Nations (UN), United Nations Assistance Mission for Iraq (UNAMI)
Genel Energy expects Output to be Slightly Below 2020 Average
Shares in Genel Energy were trading down 3.5 percent on Thursday morning following the company's trading and operations update in respect of the third quarter and first nine months of 2021. The company said it now expects production in the year to be slightly below the 2020 average of 31,980 bopd. Bill Higgs, Chief Executive […]
Contract Awarded for Low-Cost Housing in Sinjar
By John Lee. Abeer Alshimal Company For General Contracting Ltd., which has offices in Erbil, Dohuk and Mosul, has won a contract with the United Nations Secretariat for the construction of low cost housing units in Dkory, Sinjar, in Ninewa Governorate. The contract is valued at $505,732.60. (Source: UNGM)
Tags: Abeer Alshimal Company For General Contracting, Dkory, featured, Housing, Nineveh, Ninewa, Sinjar, ungm, United Nations (UN)
CITIC Construction Wins $3.7bn Iraq Power Deal
By Editor on 1st November 2021 in Construction & Engineering In Iraq, Iraq Industry & Trade News, Iraq Oil & Gas News
By John Lee. China's CITIC Construction has won the bid for the first and second phases of AI Khairat heavy oil power plant in Iraq. Yang Jianqiang, Deputy President of CITIC Construction, held talks with Mazin Wajih, Chairman of Harlow International, in Dubai representative office, and received the letter of acceptance issued by Mazin Wajih. […]