Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Azzaman reports that French company Alstom has started work on a new power plant in Diyala. The 730 megawatts plant will be one of he largest in the country, and is being built at a cost of $450 million. Electricity Minister Abdulkarim Aftan, accompanied by representatives from Alston, laid the foundation stone […]
By John Lee. The head of the joint management committee at the giant Rumaila oilfield has told Reuters that BP will issue tenders for the drilling of 150 new oil wells in the second half of this year. Salah Mohammad said there would be three tenders of 50 wells each, and added that 300 wells […]
Solicitation Number: W912ER-13-R-0050 Agency: Department of the Army Office: U.S. Army Corps of Engineers Location: USACE Middle East District Solicitation Number: W912ER-13-R-0050 Notice Type: Presolicitation The U.S. Army Corps of Engineer (USACE) Middle East District intends to solicit names of construction firms experienced in working in the Middle East region who are interested in submitting […]
From Reuters. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. A deadly few days, in which more than 200 have been killed in Iraq, have caused fearful glances at potential wider Sunni-Shi'ite conflict in the Middle East. Sarah Sheffer reports:
Dubai-based DAMAC Properties has announced a comprehensive strategic plan to expand its operations to Iraq. The company has begun work on Princess Tower – a 26-storey, luxury furnished apartment complex in the heart of the Iraqi capital, Baghdad. The US$ 100 million project is the first stage of a long-term commitment to the country, said […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. In an interview with Al Jazeera from London, Sabah al-Mukhtar, a political analyst said, he doubts that a federal system could work in Iraq. "I don't think it's going to happen," Mukhtar said. […]
By John Lee. National Engineering Services of Pakistan (NESPAK) has awarded an irrigation project known as East Gharraf [Gharaf], reports The News. A spokesperson for the company said that Dr Mansoor Ahmad Hashmi, vice president of Water Resources Division at Nespak, will sign the agreement with the Ministry of Water Resources in Iraq by the […]
By John Lee. Shell is to start producing crude at the Majnoon oil field (pictured) as early as next month. Bloomberg quotes the company's regional vice president, Mounir Bouaziz, as saying that output will start “around mid-year” and increase to 175,000 bpd by the end of 2013. He said that the project had faced “teething problems”, […]
By Abdel Hamid Zebari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. The economy of the Kurdistan region of Iraq fluctuates according to the state of relations between Baghdad and the Kurdistan Regional Government. A key indicator of the region’s economy, real estate, […]
Iraqis came together on Sunday to agree on their country’s most pressing needs, and send a message to the international community on what issues should be prioritised after 2015. With only two years remaining before the deadline of the Millennium Declaration Goals (MDGs), the UN is consulting with a wide range of Iraqi civil society, […]
Plans to revive Iraq's rail system are gaining pace, reports Reuters. Last year the railway company opened a 32-km line between Mussayab [Musayyib, Musayyab], south of Baghdad, and the holy city of Kerbala to transfer hundreds of thousands of pilgrims during Shi'ite religious festivals. It is also building a new railway parallel to the old […]
By Raid Abu-Manneh. This article first appeared in Building, and is published by Iraq Business News with the kind permission of the author. A decade after the invasion of Iraq there are opportunities for UK firms in the country’s infrastructure sector. But they must be aware of the legal framework they will be working in. […]
