Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. UK-based heavy lifting company ALE has been acquired by Dutch company Mammoet BV. ALE has worked on several major projects in Iraq, including Kerbala Refinery, and the oil fields at Majnoon, West Qurna 1 and 2, and Zubair. ING acted as financial advisor to Mammoet. (Sources: ALE, Mammoet)
By John Lee. The Iraqi Cabinet has approved a recommendation from Ministerial Council on Social Services to award the contract for phase II of the Samarra Sewerage Project. The contract has been awarded to two companies at a total cost of 31,530,406,000 dinars ($26.5 million). (Source: Iraqi Govt)
By John Lee. The CEO of Germany's Siemens has said that US President Donald Trump would support his company's role in reconstruction projects in countries like Iraq. Joe Kaeser (pictured) made the comment to CNBC at the World Economic Forum (WEF) in Davos, Switzerland. Following a hotly-contested competition in 2018, it was agreed that Siemens […]
By John Lee. Florida-based Scientia Global Inc. has been awarded a $12,149,039 firm-fixed-price Foreign Military Sales (Iraq) contract to procure combat effective Digital Mobile Radio Tier III equipment, development, deployment, training and support services. One bid was solicited via the internet with one bid received. Work will be performed in Erbil, Iraq; and Melbourne, Florida, […]
By Amnesty International. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Protest death toll surges as security forces resume brutal repression Chilling eyewitness testimonies and verified video analysis by Amnesty International confirm that security forces have resumed their campaign of deadly violence against largely peaceful […]
Headquartered in the UK, Abacus Cambridge Partners, a leading consulting, technology, and outsourcing company, has announced a strategic partnership with Deep Engineering, a premier engineering company and a subsidiary of Joto Leading Group, to expand its presence in Northern Iraq by offering digital transformation solutions to the private and public sectors. Technology plays an increasingly […]
By John Lee. The Iraqi Cabinet has approved an increase in the total budget for the Kirkuk Olympic Stadium project to 33,500,000,000 dinars ($28 million). In a statement, it said it had directed relevant ministries to take the necessary measures to implement this measure. (Source: Iraqi Govt)
By John Lee. Iraq's Ministry of Oil has invited bids fto build the Iraq-Jordan oil pipeline. The first phase will be built on the Iraqi side, stretching 700 km from Rumaila to Haditha. This will have a capacity of 2.25 million barrels per day (bpd). This will be built on an engineering, procurement, construction and […]
By John Lee. Iraq has reportedly signed a deal with the Gulf Cooperation Council Interconnection Authority (GCCIA) to import electricity at a rate of 500 megawatts of electricity from Sunni Arab gulf countries before next summer, Iraqi Ministry of Electricity spokesperson a told state newspaper on Thurday. According to Rudaw, the GCCIA will fund the […]
The National Investment Commission (NIC) in coordination with the Iraqi Civil Aviation Authority (ICAA) are pleased to announce the investment opportunity of the construction of Diwaniya New Airport according to the provisions of the investment law No. 13 for the year 2006 as amended, and the international general technical and operational requirements for constructing the […]
Australian construction giant CIMIC, formerly known as Leighton Holdings, has reportedly settled a long-running class action with investors over allegations its senior executives had knowledge of corrupt behaviour relating to the Unaoil bribery scandal that hit the company's share price. The class action alleged that CIMIC failed to comply with its continuous disclosure obligations and […]
By Daniel L Byman, for Brookings Institution. The opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq is facing serious unrest that is likely to force limited reforms in the political system but not wholesale change. The current Iraqi power structure, with Iranian support, will […]
