Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Iraq's Council of Ministers has allocated 9,600 acres to create a new residential city in Basra. The statement from the Council's secretariat says that the plan is to create 100,000 new residential units in the city. (Source: Iraqi Cabinet)
By John Lee. An American defense contractor has paid $5.28 million to resolve a case in which it was accused of mistreating detainees at Iraq's Abu Ghraib prison and other facilities. The 72 plaintiffs alleged that employees of L-3 Services, now called Engility Corporation, tortured and abused them. The abuses caused widespread outrage, and led to […]
By John Lee. Iraq's Council of Ministers has decided to ban the importation of busses with a capacity of 20 passengers or more that are more than 3 years old. It also decided to ban the importation of construction vehicles and ambulances that are more than five years old. (Source: Aswat al-Iraq)
IFC, a member of the World Bank Group, is providing a $70 million loan to help renovate a cement factory in Iraq, part of an effort to support the local building sector and aid in the country’s reconstruction. The financing will allow Kerbala Cement Manufacturing, a subsidiary of France’s Lafarge, to rehabilitate a state-owned plant […]
By John Lee. Iraq’s Minister of Housing and Reconstruction, Mohamed Sahib al-Daraji [Mohammed Al-Deraji] (pictured), has launched an initiative to establish a unified Arabic house design. During a conference of Arab Ministers of Housing and Reconstruction, the minister said: "Starting from 2013, the modern designs will match the modern construction techniques and the old forms […]
By John Lee. His Excellency Prime Minister Nouri Al-Maliki attended the opening session of the Arab Council of Ministers of Housing and Construction in its 29th session in Baghdad, attended by Deputy Prime Minister Saleh Al-Mutlaq, Foreign Minister Hoshyar Zebari, Mohamed Sahib Al-Darraji Minister of Construction and Housing, and several Arab Housing and Construction ministers. […]
By John Lee. The Croatian civil engineering company Ingra has signed a $1.5-million hydro-electric deal in Iraq. Under the six-month contract the company will upgrade five 80MW generators at the Dokan hydro-electric power plant in Iraqi Kurdistan. Ingra said it expects to sign several more deals for works on other hydro power plants in Iraq, where […]
By John Lee. Starwood Hotels & Resorts Worldwide announced it has signed an agreement with BCD Co. to introduce its destination sensation brand, Aloft Hotels, to Iraq's emerging commercial hub. The opening of the new Aloft Erbil in 2015 will mark the launch of the Aloft brand into Iraq. Created to shake up the traditional […]
By John Lee. Several Italian companies expressed willingness to invest in Najaf, reports AIN. According to the report, Dand Group and consortium of Italian companies are interested in building a brick factory in the province. The head of Najaf Investment Commission, Wafi al-Bahash, told the news agency: "This industrial offer deserves to be studied .. the […]
By John Lee. The Governor of Maysan [Missan] province, Ali Dawai Lazim, has met the Planning Minister Ali Shukri (pictured) to discuss developments in the region. During the meeting, the Minister approved the allocation of funds to build 1,000 residential units in Maysan. (Source: AIN)
Kentz has announced the award of three individual, reimbursable, service contracts in Iraq with a total value to the company of circa US$55 million, through its Technical Support Services business unit. Across the three projects, Kentz will provide services over the next three to four years that will oversee the development of in-plant process facilities […]
Iraqi Airways received the first Boeing 777 aircraft for its fleet during a delivery ceremony at the Baghdad International Airport on December 15, 2012. The ceremony was attended by the Iraqi Minister of Transportation, Mr. Hadi al-Ameri, U.S. Ambassador to Iraq Stephen Beecroft, Boeing officials Donald A. Galvanin and Alan W. Smith, as well as […]
