Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The secretary of Iran's Cement Industry Employers Association has said that Iraq has promised to remove its ban on the import of Iranian cement. Fars news agency quotes Abdolreza Sheikhan as saying that following several meetings between Iranian and Iraqi officials, Baghdad promised to give priority to Iranian exports, once general ban […]
By Simon Kent. Fahd Al Hammadi, Chairman of the Federation of Arab Contractors, has called upon more Arab businessmen and entrepreneurs to engage in the reconstruction of Iraq. At a conference in Amman over the weekend, Hammadi noted, “Currently, there are opportunities for investing in projects worth around $22 billion in Iraq in infrastructure and […]
By Ali Mamouri for Al Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq finds itself facing a major political crisis, as parliament is obstructed, the formation of Prime Minister Haider al-Abadi's new cabinet has yet to be completed and popular protests continue to demand radical reform to the legislative, executive and judicial branches. The […]
Finland contributes funding to accelerate stabilization in newly liberated areas The Republic of Finland is providing US$1,13 million (€1 million) to the United Nations Development Programme (UNDP) to support stabilization in areas newly liberated from the Islamic State of Iraq and the Levant (ISIL). The Finnish contribution will be allocated to UNDP’s Funding Facility for […]
Wyndham Hotel Group has announced plans for two new hotels in the Iraqi holy city of Najaf, in a deal announced with Bukhamseen Group For Real Estate, Tourism, General Trading & Contracting Company. Located just 800m from the Imam Ali Holy Shrine, the third holiest site for the estimated 200 million followers of the Shia […]
Germany has contributed an additional US$3.9 million to UNDP’s Funding Facility for Immediate Stabilization (FFIS), which finances fast-track initiatives in areas liberated from the Islamic State of Iraq and the Levant (ISIL, ISIS, Daesh, IS). This contribution brings Germany’s total financing of the Facility to $16 million. Based on priorities identified by local authorities, UNDP helps to quickly […]
UK-based energy services company Wood Group has secured two new, three-year contracts, collectively valued at over $140 million, to deliver technical services and expertise to one of the world’s leading international oil companies (IOC) in Iraq. Wood Group PSN (WGPSN) will provide brownfield front end engineering design, detailed engineering, project management, procurement services, system completion […]
Kurdistan Regional Government Prime Minister Nechirvan Barzani yesterday attended the handover ceremony of a school built by UB Holding to the Ministry of Education. Speaking at the ceremony, Barzani said: "We are in need of private sector and donors to help us build schools; it will be an immense support for the KRG and for […]
By Padraig O'Hannelly. The United Kingdom's Ambassador to Baghdad has said Iraq has the potential to become an economic force in the region, and encouraged British businesses to take advantage of the opportunities it presents. Addressing senior executives at the Iraq Britain Business Council (IBBC)'s Spring Conference in London on Wednesday, H.E. Frank Baker OBE said […]
Erbil marks the launch of its Provincial Development Strategy 2016-2018 with a breathtaking audiovisual performance at the historic Citadel At an official ceremony at Erbil's historic Citadel, the Governorate of Erbil launched its Provincial Development Strategy. The ceremony was presided over by H.E. Prime Minister of the Kurdistan Regional Government, Mr. Nechirvan Barzani, and attended […]
Ministerial meeting assesses reforms in building systems for the Kurdistan Region of Iraq The progress achieved under the project Establishing a Building Control Regime for the Kurdistan Region of Iraq (KR-I), funded by the United Nations Development Programme (UNDP) and implemented by the United Nations Human Settlements Programme (UN-Habitat), was discussed in a ministerial meeting […]
By Simon Kent RSK Group have recently won the Queen’s Award for Enterprise in International Trade, widely seen as the most prestigious award for UK enterprise. Key to the award was their environmental work cleaning up the vast oilfields at Rumaila and Majnoon. But according to RSK Group, this was an opportunity they seized in […]
