Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
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 […]
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 ... […]
By John Lee. Following the news last week that Muthanna Cement is to be rehabilitated, it has now been announced that a new cement plant is to be built in Karbala. The state-owned plant will require an investment of US$300 million and will be constructed by a Iraqi-Canadian joint venture. World Cement reports that the […]
By John Lee. the Basra Iron & Steel Company (BISCO) has reportedly put its new rebar mill investment on hold due to regional political issues. A decision on further progress is expected to be taken after talks with the Basra Investment Commission (BIC) later in September. ArabSteel reports that BISCO, an investment by Isa Unal, […]
By Tom Walker, Director, Assaye Risk COUNTRY OVERVIEW Levels of violence remained constant this week as Sunni insurgents continue to pressurize and attack the Shia majority. Unsurprisingly, the violence predominated in and around Baghdad but was also seen in the smaller satellite towns to the south and north of the capital. Late in the week […]
UAE-based Gulf Precast has signed a contract to build 65 precast schools in various locations in Central Iraq. The design of the schools and their boundary walls has already been finalised. While the initial part of the production is under way in the UAE, Gulf Precast is already in the process of setting up a […]
Minister Falah Mustafa, Head of the KRG's Department of Foreign Relations, has signed an agreement with the US Consul General in Erbil, Mr Joseph Pennington, paving the way for the construction of the US Consulate General. Minister Mustafa signed on behalf of the KRG and expressed his belief that this agreement would strengthen the already […]
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. Fantasy Buffer Zone: Baghdad Youths Plan ‘Mini-Iraq’ the Way it Should Be For many educated young Iraqis, there’s no escaping the grim realities of daily life: […]
By John Lee. ICR reports that a consortium of ASEC Cement and Iraq's Qemmet El-Iraq has won a contract to rehabilitate and manage the Muthanna Cement plant for 14 years. Attending a signing ceremony in Baghdad with Southern Cement, the state holding company that controls Muthanna Cement, ASEC Cement Chairman and CEO Giorgio Bodo said: […]
By John Lee. The Wall Street Journal and Reuters report that Iraq has shortlisted 12 international companies to build the new $18-billion oil export pipeline to Jordan, the country's first such pipeline in decades. Iraq's oil ministry has chosen these companies from a list of more than 80 international firms which submitted their credentials to build […]
By John Lee. The German company Gebr Pfeiffer has received another order from China-based Sinoma (Suzhou) Construction Co Ltd for a cement raw material grinding mill in Sulaymaniya. According to a report from Global Cement, the "MPS 5000 B" vertical roller mill has a capacity of 500tph at a product fineness of 10 per cent […]
