Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
ABB has won an order worth around $30 million from Zagros Energy to build four new transmission and distribution substations in the Kurdistan region of Iraq, as part of an overall initiative to expand and strengthen the regional power grid. The order was booked in the second quarter. Demand for reliable power is growing at […]
By John Lee. Mass Global Investment Company has selected GE steam turbine technology to increase the efficiency and the output of the Erbil Power Plant in Iraq's Kurdistan region. In operation since late 2008, the Erbil plant plays a vital role in meeting the growing power needs of Kurdistan, Iraq. Under the new agreement, GE […]
By John Lee. Nawzad Hadi, Governor of Erbil, has visited the Kore-Qandil road project to review progress. On his visit Mr. Hadi was accompanied by Deputy Governor Tahir Abdullah, general directors of roads, municipality and water resources in Erbil, in addition to the Mayor of Shaqlawa. They started their visit at the Kore-Qandil road, a […]
By John Lee. The Iraqi government has announced a series of development projects in Dhi Qar [Thi Qar] province as part of this year's annual provincial development plan. Deputy Prime Minister for Service Affairs, Saleh al-Mutlaq [ Saleh al-Mutleg, Salih al-Mutlaq] (pictured), told Al-Shorfa that the projects, which include building a sewerage network, extending drinking water […]
By John Lee. Hurriyet Daily News reports that Doğuş Otomotiv, the automotive arm of Turkey’s Doğuş Holding, has said it has reached an agreement with Volkswagen and Audi to establish a company in Iraq. Doğuş Otomotiv will own 100 percent of the company that will deal with distribution and after-sale services for Volkswagen and Audi […]
By John Lee. The Basra Oil and Gas International Free Zone (BIOGH) and its development managers EPGI have issued its first construction license to Basra Mas Company in relation to an initial 10 year construction programme. Works commenced on site on the 9th July with handover to Basra Mas who this week began work on […]
By John Lee. American Science and Engineering, Inc. (AS&E) has announced a $3.5-million order for its cargo inspection systems from Restrata, an Olive Group company, of a major housing project in Baghdad. Restrata is acting as the security partner for the giant Bismaya development, 10 kilometers south of Baghdad. AS&E's cargo X-ray inspection systems will […]
By John Lee. The Baghdad Investment Commission (BIC) has inaugurated a new $35-million shopping mall in the Mansoor [Mansur] district. The mall, the largest of its kind in Iraq, has four floors housing some of the world’s most famous commercial brands. According to a report from Azzaman, it was the largest construction project undertaken by […]
By John Lee. The head of the Baghdad Investment Commission (BIC), Shakir al-Zamil [Shaker Shabib] (pictured), said he recently authorized the construction of 2600 housing units for the Ministry of Higher Education and Scientific Research. Azzaman reports him as saying that private and foreign investments are pouring into Baghdad, despite the latest upsurge in violence. He […]
By Waheed Ghanim. 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. Currency Class War: Damaged Dinar Notes result in Bribery, Injustice Exchange shops, bank cashiers and savvy housewives are doing big business as they deal with Iraq’s […]
Wyndham Hotel Group, the world’s largest hotel company with approximately 7,380 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), has announced its entrance into Iraq with the opening of the newly-built, 71-room Ramada Sulaymaniyah Salim Street in Kurdistan. The hotel opened on the same day as the Ramada Plaza Beirut Raouche in Beirut, Lebanon. […]
By Nawzad Mahmoud and Miran Hussein. This article was originally published by Rudaw, and is re-published by Iraq Business News with their kind permission. The lifting of the United Nations’ Chapter 7 sanctions against Iraq is receiving mixed reaction among Iraqis, with some welcoming the move and others worried about its impact, given existing ethnic, […]
