Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The State Company for Cement Industries says cheap, low-quality imports of cement are making it hard for it to sell its products, reports Azzaman. The company’s director-general, Nasser Idris, warned that the industry might collapse without immediate state support. Idris did not say where the cement was imported from, but added that […]
By John Lee. The Iraqi outdoor billboard company Diyar Outdoor is expanding its services to neighboring Jordan through a strategic partnership with Rafed Billboards. Diyar Outdoor will start offering clients the choice of Outdoor billboards networks in Iraq and Jordan. According to the company's press release, Diyar Outdoor is the leading outdoor poster/billboard advertising company in […]
By John Lee. Iraq's deputy prime minister for energy affairs, Hussein al-Shahristani, has opened a new gas-powered electricity plant in southern Baghdad. The plant has four 125-megawatt generators and cost $219 million to build, he said. Iraq Business News understands that the plant was constructed by the Korean company Hyundai. (Source: Al-Shorfa)
By John Lee. The National Investment Commission (NIC) has announced its intention to sign a contract with the local government of Karbala province to build 40,000 houses. NIC Chairman Sami al-Araji (pictured) said the housing complex (Thifaf Karbala), will be built by the UAE-based Bloom Properties, and is expected to be completed within eights years. (Source: […]
By John Lee. Iraq's Cabinet has authorized the Oil Ministry "to sign an agreement of principles" on two key oil and natural gas pipeline projects, reports Platts. The agreement will be between the Iraqi Oil Ministry, the Iranian Oil Ministry, and the Syrian Oil and Mineral Resources Ministry, and it relates to the construction of […]
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. At the restoration site of the Ottoman governor’s headquarters, known as Qishla, near the Tigris River in Baghdad, Iraqi journalist Imad al-Khafaji says, “I feel, as the work proceeds, that we […]
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 14th February 2013). Please click here to download a table of listed companies and their associated ticker codes. ID1,634 / $1,767 (-0.8%) (weekly change). The number of week traded shares was 36.7bn and the weekly trading volume was ID140bn ($116.6mn). ISX Company […]
Construction and engineering company Versar has announced that the United States Army Corps of Engineers, Middle East District (USACE-MED) has exercised an option year for Versar's ongoing Personal Services and Support contract in Iraq. The option year has a ceiling not to exceed a value of $4.4 million and the period of performance runs through […]
By John Lee. French firm Alstom has reportedly signed a $1.5-billion deal with the Iraqi authorities the for the design and construction of a monorail system in Baghdad. Azzaman reports that the contract was signed by Baghdad Governor Salah Abdulrazzaq and Alstom representatives in the Iraqi capital. “The aim of the project is to ease […]
By John Lee. The Ministry of Industry and Minerals has signed an 18-year contract with a Turkish company to run iron and steel plant in Basra. According to Steel Network, $700 million will be invested to bring production capacity to 1 million tonnes per year. Work at the plant, located in the Khor Al-Zubair, is […]
By John Lee. The General Company of Post and Communications has announced that it intends to offer "huge investment opportunities" in the provision of optical fiber networks. AIN reports that the investment opportunities, running to billions of dollars, aim to take advantage of the geographic location of Iraq as a route for information and communications […]
The UK’s leading trade association for oil and gas supplies and services on Thursday concluded its first mission to the Kurdistan Region. Dr Ashti Hawrami, the Kurdistan Regional Government’s Minister of Natural Resources, met the delegation from the Energy Industries Council (EIC), which was accompanied by the British Consul General Hugh Evans. After their meeting […]
