Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. AFP reports that Iraqi officials laid the cornerstone of a new Mid-Euphrates Airport, 35 kilometres (20 miles) south of Karbala. The $500-million project will be carried out by the UK-based Copperchase, with work supervised by the Khayrat al-Sibtein company, which belongs to the Imam Hussein shrine (pictured). During the ceremony, Karbala Governor […]
The end of 2016 saw several new members join the Iraq Britain Business Council (IBBC), each of which are underpinned by strong reputations for innovation, reliability and a commitment to investing in Iraq. GE, Khudairi Group, Pell Frischmann, Petronas and Siemens join 51 other world- and region-leading companies that form IBBC’s Council of Members. “IBBC […]
By John Lee. Following a visit by the Turkish Prime Minister Binali Yıldırım (pictured) to Iraq last week, an Iraqi business delegation has come to Turkey and proposed a $200-million construction project in Baghdad to Turkish businessmen. Tevfik Öz, a member of the board of the Turkish-Iraqi Business Council, told Daily Sabah that the Iraqi […]
GE has announced that it has secured more than $1.4 billion in orders from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The company signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power […]
By John Lee. The head of the Association of Banks in Lebanon (ABL) has said that Lebanese banks are willing to help finance the reconstruction drive in Iraq. Joseph Torbey told a banking forum in Beirut that with assets of close to $200 billion, his members were "capable and ready to be a partner in […]
By John Lee. Reuters reports that Japan has agreed to lend Iraq up to 27.2 billion yen ($240 million) to rebuild damaged electricity infrastructure, especially in areas recaptured from the Islamic State group (IS, ISIS, ISIL, Daesh). It also intends to approve another loan worth 21.5 billion yen to repair a thermal power station in […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Wednesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, fighter and […]
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In an estimated three months’ time the Iraqi Kurdish city of Sulaymaniyah will have its own version of Rome’s Colosseum. An arena for theatre and other kinds of entertainment that […]
By John Lee. A U.S. appeals court has ruled that the engineering firm and military contractor KBR Inc is not liable for a case of alleged human trafficking in Iraq. According to Reuters, the case concerned the 2004 kidnapping and murder by insurgents of 12 Nepali men, who were being transported in Iraq to work […]
U.S. and coalition military forces continued to attack Islamic State of Iraq and the Levant terrorists in Iraq and Syria on Tuesday, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of the latest strikes, noting that assessments of results are based on initial reports. Strikes in Syria Attack, bomber, fighter […]
Korean firm Hanwha Engineering and Construction received about $560 million in construction fees last week from the Iraqi government for its ongoing new city project, the company said on Monday. The company has been building the 1,830-hectare new city Bismayah, 10 kilometers southeast of Baghdad, an $8-billion contract signed in 2012. The two parties agreed […]
By John Lee. Iraq's state-run Iraqi Republic Railways (IRR) announced on Tuesday that it plans to link its rail network to that of neighbouring Iran. IRR Information Director Abdul Sattar Mohsen told Anadolu Agency that Iraqi and Iranian officials had already held several meetings to discuss the project. He added that several international companies had […]
