Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraq has reportedly invited global investors to bid for its multi-billion-dollar Grand Faw port project. The Ministry of Transport put the project’s total cost at around $6.5 billion (7.6 trillion Iraqi dinars), adding that only "serious and financially able" companies can bid. The port has a planned capacity of around 99 million […]
By John Lee. A Lebanese company has launched a major construction project in Maysan governorate. Hariri Construction and Contracting Company (HARCO) was awarded the $80-milllion 'Luluat Al Amarah' (Pearl of Amarah) contract in late 2014, and has just started excavation at the site. It involves the construction of a five-star 16-storey hotel with 192 rooms, […]
The Iraq Britain Business Council (IBBC) Spring Conference 2015 will be held at the Mansion House on the 1st June and the Royal Overseas League on the 2nd June. Baroness Nicholson of Winterbourne, IBBC Executive Chairman and UK Trade Envoy for Iraq, the Executive Committee and Council Members, will welcome distinguished speakers such as H.E. […]
Mitsubishi Hitachi Power Systems (MHPS) has received an order from the Ministry of Electricity (MOE) of Iraq for refurbishment of Unit 4 (output: 200 megawatts) at the Hartha Thermal Power Station. The refurbishment work, scheduled for completion in May 2017, requires large-scale replacement of core components of the plant's seriously degraded power generation facilities. The […]
By John Lee. Zain Group has announced that Wael Ghanayem, Chief Financial and Operating Officer of Zain Iraq will return to Zain Group to become part of the Group’s executive leadership in implementing its new strategic direction of transforming into an integrated digital mobile operator. In addition, Mr. Ghanayem will continue to support Zain Iraq, […]
According to casualty figures released today by UNAMI, a total of 997 Iraqis were killed and another 2,172 were injured in acts of terrorism and violence in March*. The number of civilians killed was 729 (including 42 civilian police), and the number of civilians injured was 1,785 (including 98 civilian police). A further 268 members […]
By John Lee. UK-based Copperchase has won a $6 million (7.2 billion Iraqi dinar) contract with Hyundai Engineering & Construction to build a new security fence at Karbala oil refinery. The company used a £200,000 loan from the Tees Valley Catalyst Fund loan, which is managed by FW Capital, to secure the performance bond it […]
From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Reconstruction is underway in Salahaddin province, following the destruction brought about by Islamic State (IS, ISIS, ISIL) forces:
By John Lee. The director general of the Heavy Engineering Equipment State Company (HEESCO) has held a meeting with a delegation from the Turkish companies ENKA and Gimtas. Mr. Deiaa Gumar said the two companies recognised the capabilities of HEESCO in making equipment for oil refining, production and transportation, and were keen to cooperate with […]
By Wassim Bassem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. As soon as merchant Ali Hussein had finished erecting his store at Najaf's "Big Market," 160 kilometers (99 miles) south of Baghdad, construction and decoration experts recommended that he cover the front with colored plastic […]
By John Lee. Several major project announcements are expected shortly in Diwaniyah, according to a report from ConstructionWeekOnline. These including projects attached to the $1.35bn Al-Diwaniyah International Commercial Airport (pictured), which is to be built by Kuwait’s Al-Nasriyah Company, and is due to be completed by the end of 2017. Other projects include a $210-million […]
By Luay Al-Khatteeb and Harry Istepanian, of the Brookings Institution. The need to confront and drive back the forces of the Islamic State (IS, ISIS. ISIL) has pushed long-term reform efforts in Iraq far down the list of priorities. Yet pressing economic reforms – such as restructuring and rebuilding the country’s energy sector – increasingly […]
