Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Baghdad-based Ummet Al Salam has won a tender for the rehabilitation of internal roads in Al Ramadi (pictured) from United Nations Office for Project Services (UNOPS). The contract is valued at $567,840. (Source: UNGM)
The Turkish Cooperation and Coordination Agency (TİKA) continues to lend a helping hand to Iraq from Turkey though the projects it implements. TİKA has been carrying out important work for the reconstruction of the damaged infrastructure in Iraq, which has been destroyed by the terrorist organization ISIS, in order to establish public services, accelerate returns […]
By John Lee. The Iraqi Minister of Finance has met with China's state-owned investment company CITIC Bank to discuss the financing of projects in Iraq. Minister Fuad Hussein held talks with CITIC Bank chairman Chang Zhenming, in the presence of the Iraqi governors, transport minister, and electricity minister. The projects are said to include rail […]
By John Lee. During their recent visit to China, the Deputy Prime Minister for Economic Affairs, accompanied by the Ministers of Transport and Electricity visited the China Machinery Engineering Corporation (CMEC), which specializes in transport, energy, communications and heavy engineering equipment. The company is already involved in the reconstruction of Salah al-Din power station and […]
By John Lee. The Deputy Prime Minister for Economic Affairs, Fuad Hussein, accompanied by the Ministers of Transport and Electricity, a number of Governors, Advisors to the Prime Minister and a number of general managers visited the China Railway Company earlier this week. Among the projects discussed were the building of the Karbala-Najaf railway. The […]
By John Lee. The Kurdistan Regional Government (KRG) is to repay the debts of what it describes as "around 9,000 hardworking farmers". In a statement, the KRG said the Ministry of Agriculture and Water Resources will repay over IQD 222 billion (USD 186 million), in line with the new government’s objective of developing and diversifying […]
By John Lee. Manufacturers of red bricks are reportedly criticizing the Kurdistan Regional Government (KRG) for its failure to financially support the industry and capitalize on demand in the rest of Iraq. According to information obtained by Rudaw, the Kurdistan Region has 11 advanced brickworks, with the capacity to produce some 860 million bricks annually, […]
By John Lee. The Arab Swiss Engineering Company (ASEC) has reportedly signed a three-year agreement with Iraq's KAR Group for the operation and maintenance of the Qarachough [Qarachog] Cement Plant near Erbil. According to World Cement, the plant has a capacity of 1.9 million tonnes per year. (Source: World Cement)
By John Lee. Germany's Siemens and Egypt's Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq. The plants will have a combined generation capacity of 1.6 gigawatts (GW) when completed and are a major step in Siemens’ roadmap for rebuilding Iraq's power […]
By John Lee. Under the guidance of the Iraqi Prime Minister, H.E. Dr. Adel Abdul Mahdi, the patronage of the Iraqi Minister of Electricity, H.E. Dr. Luay al-Khatteeb and in continuation of their dedicated efforts to strengthen Iraq’s power sector, Mass Energy Group Holding (MGH) and GE Power signed a new agreement that will help […]
By John Lee. Dutch company Royal Boskalis Westminster has signed a 'memorandum of principles' to construct an industrial island for the Basra Oil Company (BOC) in Iraq's territorial waters in the Gulf. Iraqi oil minister Thamir Ghadhban said the project will add export capacity of 3 million barrels per day (bpd). The Dutch Ambassador to […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Thousands of university graduates in oil-rich Iraq are protesting outside government ministries in Baghdad, demanding jobs. Unemployment for young adults stands at 22 percent and the government admits it has not planned for […]
