Iraq plans to boost power capacity to 27,000 megawatts in four years after opening its gas sector with a contract awarded to Royal Dutch Shell, this will need an investmnt of at least $3 billion to $4 billion per year, Iraq’s Electricity Minister Karim Waheed told Reuters on Sunday.
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Work continues on the start of a project to build 250 low-cost housing units in Karbala province. “The units will be allocated to poor families in the province,” a provincial source told Aswat al-Iraq news agency on Sunday. She explained that each unit will cost ID10 million. “The 250 units will be completed within four […]
France's Lafarge launched a $200-million renovation of an Iraqi manufacturing plant on Thursday to boost production and grab a bigger share of the local cement market.
National Investment Commission (NIC) announced at the end of March that the country plans to invest around US$150bn in infrastructure projects over the next 15 years.
"The product of these fields will initially be used to supply electricity stations and for other domestic needs, with the rest to be exported. The ministry hopes that Iraq will reach the level of other gas producers in the region."
The Committee of Emigration and Emigrants in Diyala Province said today that 50 dunams (1 dunam = 1000 m2) will be provided from all the Province’s regions to build housing compounds for refugee families from the conflict in the region. There are more than 3000 refugee families officially registered. ( Al SumariaTV )
Al Fallujah city celebrated the inauguration of the biggest bridge in the Province. The length of the bridge is 470 metres and its overall cost is 12 billion Iraqi dinars. The engineer who supervised the construction works said that the bridge connects east and west Al Falloujah and aims at limiting traffic congestion in the […]
According to Aswat Al Iraq, Karbala’s local authorities reached an agreement with a delegation of Chinese firms to execute a number of residential projects in the province at a total cost of ID80 billion ($67 million). “The Chinese delegation will be granted investment permission within the coming days,” a local source told Aswat al-Iraq news […]
France’s cement maker, Lafarge, has invested $600 million to upgrade production in two Iraqi cement companies.
The Basra council decided on Wednesday to increase funds allocated to the al-Tanouma bridge project from 125 million to 500 million Iraqi dinars ($424,000), according to the chairman of the Basra council according to the Aswat al-Iraq news agency. “The extra money will be used to overcome difficulties facing the project,” he explained. “The approved […]
A Canadian firm is investing $299 million in 5,000 housing units in Baghdad.
An Iraqi investor has received a license to build a residential compound in southern Diwaniya, according to chairman of the Diwaniya Investment Commission. “The commission provided a license to Abdulkarim Hatef al-Zubaidi, an Iraqi investor, to establish a residential compound in southern Diwaniya at a cost of $21.240 million within 36 months,” Hakem al-Khuzaie told […]