Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. A drop in cement volumes in Iraq has reduced Lafarge's third-quarter turnover by €24 million. In its results statement, the company said its ability to transport cement across the country was limited. Excluding the volume impact due to the specific situation in Iraq, cement volumes increased 3% at 'constant scope' in the […]
By Robert Tollast. “How is electricity?”, I asked. “Excellent” replied Marwan, a young student of Physics at the University of Dhi Qar. Marwan (not his real name) is studying wireless transmission, and one of his lecturers is currently in Leicester studying with a British Council initiative to bolster the academic capacity of Iraqi universities. Will […]
By John Lee. Reuters reports that Iraqi Kurdistan plans to increase the capacity of its oil pipeline to the Turkish port of Ceyhan to 700,000 bpd. Work to upgrade the line is expected to boost the flow from 280,000 bpd at present to 400,000 bpd by year-end, eventually reaching the design maximum of 700,000 bpd. A […]
By John Lee. Aswat Al Iraq reports that Iraq's Minister of Reconstruction and Housing, Tariq al-Khikani], has inaugurated two road projects in Najaf and laid the cornerstone for another two. The first road project is 26 km long, with a cost of 2.73 billion Iraqi dinars; the second is 27.15 km at a cost of […]
By John Lee. Iraq's Industry Ministry has invited three foreign companies to set up production facilities for agricultural tractors in Iraq. According to the report from Aswat Al Iraq, the terms of the deal would require the companies to source at least 40 percent of their parts from the state-owned Iraqi Mechanical Industries Company. The […]
By John Lee. Iranian companies are reported to be implementing water and electricity projects in Iraq worth over $1.3 billion (1.5 trillion Iraqi dinars). According to an article from Trend, an Iranian Energy Ministry official said Iranian companies were currently working on 31 projects in Iraq in these sectors, and added that he expects more […]
By John Lee. The provincial councils of Karbala [Karbala] and Najaf have agreed to connect the two cities by rail. According to a report from Aswat Al Iraq, it is expected that Chinese or South Korean companies will implement the project. The intention is to facilitate the transport between the two holy cities, particularly during […]
By John Lee. A consortium has been awarded a $240-million engineering, procurement, and construction (EPC) order from Iraq's Ministry of Municipalities and Public Works to build pretreatment facilities at a desalination plant in Basra. Japan's Hitachi and Veolia Environnement of France have won $100 million of the total, with Egyptian engineering firm ArabCo getting the […]
By John Lee. Hanwha E&C has announced that the company received the fourth deposit of US$387.5 million (452 billion Iraqi dinars) for the construction of the Bismayah New City (pictured) outside Baghdad. This sum brings Hanwha receipts from the project to $1.9375 billion, 25 percent of the total construction cost. The $8-billion project is the […]
GE (NYSE: GE) has signed a contract with ENKA to supply power generation equipment for a new 750-megawatt (MW) combined-cycle plant being developed by Qaiwan Group in Iraq. GE will provide four 9E gas turbines and one steam turbine for a new power plant in Sulaimaniyah to support the government’s goal of strengthening the electricity […]
By John Lee. Iraq's Electricity Minister, Qassim Fahdawi [Qassim al-Fahdawi], has met the American ambassador Stuart E Jones to discuss the participation of American companies in developing the country's electricity infrastructure. In addition to possible new sources of gas for electricity generation, the Minister also pointed out the opportunities available in renewable energy, including solar […]
Dubai-headquartered companies Transworld Group and NAWAH [North America Western Asia Holdings] have announced that the two firms have entered into a formal agreement to service Iraq’s growing demand for imports, linking their considerable shipping, logistics, marine services and port capabilities. As part of their agreement, Transworld Group and NAWAH Port Management, NAWAH’s port operations business […]
