Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The US Department of Justice has said that an Iraqi construction company has paid $2.7 million to resolve allegations that it bribed a former US Army Corps of Engineers (USACE) official to win contracts in Iraq. Iraqi Consultants and Construction Bureau (ICCB), headquartered in Baghdad, had reached the settlement of alleged violations […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Turkey and its neighbours, Iraq and Syria, have been in dispute over water for five decades. Iraq and Syria accuse Turkey of using more water than it should, while Ankara says the other […]
By John Lee. French company Schneider Electric has won a contract to build a power plant in Iraq. The 64MW plant will be built in the Nasir district in northern Dhi Qar province, near the stadium in the area. Schneider employs more than 140,000 people in over 100 countries. Last year revenues were $32bn. (Source: […]
Basra's Arabian Gulf Academy For Maritime Studies will soon be able to offer its students a high-class hands-on training using three simulators from Transas: Engine Room simulator ERS 5000, GMDSS simulator and Radar/ARPA simulator. The simulators will provide trainees with a wide range of navigational and engineering skills. Engineers will acquire knowledge of operating an […]
By John Lee. The Iraqi government has said that construction has begun on a cabinet-approved project to build 2,500 houses for the victims of terrorism. Deputy Prime Minister Saleh al-Mutlaq said: "The project, which the industry, housing and construction ministries began last week, is an initial phase and includes Baghdad, Wasit, Babil and Anbar provinces." The […]
By John Lee. The Ministry of Telecommunications, in coordination with the National Investment Commission (NIC) has announced an opportunity for Iraqi and foreign investors to invest the lands belonging to the Ministry, the details of which are outlined below. The offer is made in accordance with investment law No. 13 (2006) as amended, and its […]
By John Lee. Azzaman reports that Basra province is building 1,200 new schools, most of them in suburban towns and villages. The provincial council called it “a strategic project” that will providen modern prefab schools across the province. The new schools are to include laboratories, play grounds and sports facilities. (Source: Azzaman)
Ask anyone where the most expensive property is in Iraq and you might expect to hear Baghdad, the capital, or Basra, the hub of the southern oil industry. But according to this report, the highest prices are being paid for development land in Karbala, site of the shrine of Imam al-Hussein, the grandson of the […]
By Ibrahim al-Jibouri. 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. Karbala Real Estate Boom: Sacred City Boasts Most Expensive Property in All Iraq The prosperous southern city of Karbala has not only got some of Shiite […]
By John Lee. Hyatt Hotels Corporation has announced that a Hyatt affiliate has entered into a management agreement with Claremont Group LLC, a New York-based real estate development company, for a Hyatt Regency hotel in the Kurdistan region of Iraq. Expected to open in 2017, Hyatt Regency Sulaymaniyah will be the first Hyatt-branded hotel in […]
Prime Minister Nechirvan Barzani kicked off the nearly-$3-billion “Downtown Erbil” project on Sunday, calling the venture that is estimated to create 35,000 jobs and transform the face of the Kurdish capital, “a milestone for the Kurdistan Region.” “This project will be a source of pride and a source of income for thousands of families,” Barzani […]
In the framework of their significant efforts towards supporting the Iraqi government in overcoming the devastating impact of water shortage, UNESCO and the European Union (EU) launched the phase II of the "Advanced Survey of Hydrogeological Resources in Iraq" (ASHRI-2), a pioneering initiative that aims to improve national capacities in the exploration and integrated management […]
