Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
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. A Committee For Reconstruction – The Cure For Iraq’s Economic Woes? Thanks to security problems, political bickering and a lack of vision, there are thousands of development and construction projects […]
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. Money-Making Plots: Extremists Now In Real Estate Business In Mosul The Sunni Muslim extremist group that has taken over the northern city of Mosul has a new source of income: […]
By John Lee. Iraq's Minister for Reconstruction and Housing, Tariq al-Khikani (pictured), has laid the corner stone for a housing complex in Maysan [Missan]. According to a report from Aswat al-Iraq, the housing complex comprises of 708 housing units with a total value of 187 billion Iraqi dinars [$160 million]. (Source: Aswat al-Iraq)
By John Lee. The Mayor of Baghdad, Na'eem al-Ka'bi [Abub Naim al-Kaabi], has called on French companies to increase their participation in the capital's reconstruction projects, reports Aswat Al Iraq. In a meeting with the French ambassador to Baghdad, Mayor Ka'bi promised to provide all possible assistance to the French companies, and said that a […]
By John Lee. Turkish construction giant Enka has reportedly struck a deal with the Iraqi government to build two natural gas combined cycle plants in Baghdad and Sulaymaniyah. The two projects combined are expected to provide 3,000 megawatts to the Iraqi grid. According to the report from Daily Sabah, the deal, covering the construction of […]
By John Lee. The Central Bank of Iraq (CBI) has reported that 17 banks took part in its currency auction on Tuesday. A total of $223,193,000 was sold at a price of 1166 Iraqi Dinars (IQD) per dollar. (Source: Central Bank of Iraq)
By John Lee. In its interim management statement issued on Tuesday, Russian-based HMS Group said that since the start of this year it has signed several contracts for business in Iraq. The contracts, which it values at about 1 billion rubles ($25 million; 29 billion Iraqi dinars), were signed with Russian and international oil and […]
By John Lee. The United States is reported to be planning to build three new military bases in Iraqi Kurdistan. According to BASnews, one of the bases would be in Erbil, another at Hareer military base north of Erbil, and a third Atrush, close to Dohuk. The Atrush base would be used for Apache helicopters. […]
By John Lee. Crompton Greaves Ltd (CG), part of the Indian company Avantha Group, has announced a $25-million new contract win for the design, construction and delivery of 16 mobile electrical substations. The order was placed by the General Directorate for Transmission, Upper Euphrates Region, Ministry of Electricity in Iraq. The key deliverables are engineering […]
