Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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, […]
ABB, the global power and automation technology group, has won an order from LS Industrial Systems (LSIS) to deliver a utility communications solution that will serve seven electricity distribution control centers in Iraq. The project is part of a larger infrastructure improvement initiative currently being carried out by the Ministry of Electricity in Iraq, aimed […]
By John Lee. Forty companies are reported to be bidding for contracts to build and finance the new pipeline from Haditha to Jordan’s Red Sea port of Aqaba (pictured). Nateq Balasem Khalaf, deputy director general of the state State Company for Oil Projects (SCOP), told Bloomberg that Citibank is among the bidders, adding that other […]
By John Lee. The Muthanna Investment Commission has announced that a Qatari company has been contracted to build a housing project in central Samawa. Doha Investment Company won the contract for the $65 million housing complex, which will include 480 housing units, a school, a health centre and various other services, reports al-Shorfa. Some will […]
Interpipe, the Ukrainian seamless pipe producer, has announced that it is installing a local support team to work in Basra following the company's approval from South Oil Company (SOC) as a preferred supplier. The announcement sees Interpipe appoint a new Iraq country manager, based in Basra, with immediate effect. Following several recent meetings in Iraq with […]
By John Lee. Greek construction company METKA, a subsidiary of the Mytilineos Group, has announced the signing of a $1.05-billion contract with Iraq's Ministry of Electricity for the construction of a combined cycle power station in Anbar. The deal involves the engineering, procurement, construction and commissioning of a natural gas-powered plant with a capacity of 1,642 […]
By John Lee. The Wall Street Journal reports that the China Petroleum Pipeline Engineering Corp. (CPPE) and Iraq's State Company for Oil Projects (SCOP) have secured a contract worth up to $317 million to build an oil pipeline from the Missan oil fields to the export terminals in southern Iraq. Over a period of 14 […]
Minister Falah Mustafa received a delegation from Ev-K2-CNR, an Italian non-government organisation promoting studies in high-altitude disciplines, including environmental sciences, earth sciences and technological research, who were accompanied by the Head of Italian Consular Office in Erbil, Dr Simone De Santi. The team has visited the Kurdistan Region five times aimed at the creation of […]
By Mustafa al-Kadhimi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. An alliance combining Shiite and Sunni currents in Baghdad succeeded last Saturday, June 15, in forming a local government without the participation of the State of Law Coalition. The latter was […]
