By Ahmad al-Rubaie. 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. Central Baghdad is famous as the setting for many of the ancient tales in One Thousand And One nights. However many of the houses, located on […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Hill Urges Contractors to Come to Iraq
By John Lee. Hill International has said it expects to see big growth in demand for construction work in Iraq, and wants to encourage more large international contractors to work in the country. Its senior vice-president and managing director of Middle East operations, Mohammed Al Rais (pictured), told Construction News: "We do not see the […]
Tags: Hill International, Housing
50 Water/Sewage Projects Planned
By John Lee. Iraq's Minister for Municipalities and Public Works has told Reuters that the country is to spend $1.5 billion annually for two to three years on 50 water and sewerage projects, which will be open to work by foreign contractors. "We will ask companies to bid for them in 2014 ... By the end […]
Tags: sewerage, water treatment
Minister Declares "Housing Crisis"
By John Lee. Iraq's Minister of Construction and Housing has admitted that the country is likely to complete only 5 percent of the 2.5 million homes it needs to build by 2016 to satisfy demand. Mohamed Sahib al-Daraji [Mohammed Al-Deraji] (pictured) told Reuters that only 130,000 of those homes would actually be built: 30,000 by […]
Tags: Housing, Real Estate Bank
Iraq Bans White Cement from Iran
By John Lee. Global Cement reports that Iraq has banned imports of Iranian white cement from the Iranian border towns of Shalamcheh and Chazabeh. Sadeq Sava'edi, the deputy head of Khuzestan's Cement Exporters Union, told the ISNA news agency that Iraq is still importing grey cement and other construction materials, adding that Iran exports 8000 […]
Iraq to Raise Bank Capital to Address Housing Crisis
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq plans to increase the combined capital of the only two governmental banks in the country, from about $23 million currently to about $360 million next year. Deputies in parliament say that […]
Italian Companies Join Erbil International Fair
The Head of the Italian Consular Office in Erbil, Mr Carmelo Ficarra, met with Head of KRG Department of Foreign Relations, Minister Falah Mustafa, today to speak about the growing interest and engagement from Italian companies. Italian companies are currently involved in several key projects in Kurdistan, including in the revitalisation plan of the Citadel […]
Reef Subsea Wins Cable Deal
Reef Subsea Dredging and Excavation (D&E) has secured a number of substantial contracts in the Middle-East and Asia Pacific as the company continues to grow its global footprint. The Middle-East contracts will involve two teams from the company’s UK workforce managing subsea excavation work in Saudi Arabia and Iraq. The work in the Al Khafji […]
Tags: cables, Fiber Optic, Fibre-Optic, ICOEEP, Iraq Crude Oil Expansion Project, Leighton, Reef Subsea
Work Starts on Iraq's 'Biggest Industrial City'
By John Lee. The governor of Kirkuk, Najm al-Din Kareem, has laid the cornerstone of what is claimed to be the biggest industrial city in Iraq. The $250-million project is scheduled to be completed within two years. (Source: Aswat al-Iraq)
Bloom Signs Contract for "City of the Future"
Under the patronage and presence of Nouri Al Maliki, Prime Minister of Iraq, Bloom Properties, the property development and real estate arm of National Holding, has signed a contract with the Iraqi National Investment Commission for the development of 50% of the "City of the Future - Madinat Al Mustaqbal" in Baghdad. The approximately 2.5 […]
Tags: Abu Dhabi, Baghdad, Bloom Properties, Housing, Madinat al-Mustaqbal, National Holding, National Investment Commission, United Arab Emirates
Faw Port Companies Exempted from Taxes
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has decided to exempt foreign companies involved in the Faw Port project from customs duties and taxes. This decision was an attempt to accelerate the completion of the stalled project, through […]
Iraq Plans Oilfield Contract Award to Koreans
By John Lee. Businessweek reports that Iraq plans to award contracts at the Zubair oil field the the Korean companies Samsung Engineering, Hyundai Heavy Industries, and Daewoo Engineering & Construction. Oil minister Abdul Kareem Luaibi [Elaibi] (pictured) has told reporters: “We are in the last stages in attributing the project entirely to three Korean companies ... […]