Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Basra Investment Commission has announced that the Industry Ministry signed a contract with the Turkish company UB Holding to rehabilitate iron and steel factories at a cost of $700 million. According to Aswat al-Iraq, the head of the commission said that the contract includes adding new production lines and increases annual […]
The U.S. government has filed a civil lawsuit accusing KBR and its Kuwaiti subcontractor of submitting nearly $50 million in inflated claims to install live-in trailers for troops during the Iraq War. It is alleged that KBR and First Kuwaiti Trading Co. overcharged for truck, driver and crane costs, and misrepresented delays in providing around […]
By John Lee. Private investment in Iraq's industrial sector is expected to reach $7 billion this year, up from $3 billion in 2011, reports Reuters. Adel Karim, the deputy industry minister, told the news agency that the country is reaping the rewards of opening up its financial and industrial sectors and luring foreign investment and […]
By John Lee. Prime Minister Nuri al-Maliki has inaugurated the new Hilla gas-powered electricity station in Babil province. Ministry of Electricity spokesman Musab Al-Mudarris said that the station's total power is 250 MW, using two 125-MW GE generators. The project was carried out by the Al-Hurra International company at a cost of $84 million, under […]
DAMAC Properties has announced the signing of a memorandum of understanding (MoU) with Al Fao General Engineering Company a subsidiary company of the Iraqi Ministry of Housing and Construction to further develop projects in Iraq. The agreement was reached during a high-level visit to the Iraqi capital Baghdad where DAMAC Executives met with the Minister […]
By John Lee. Iraq's Ministry of Health has announced that it will build two 400-beds hospitals in the provinces of Kirkuk and Muthanna. Azzaman reports that the Ministry has signed contracts totalling $290 million with foreign companies to build the hospitals, which are part of a plan to construct 11 such facilities. A Turkish firm is […]
Karbala Investment Commission has laid the cornerstone for the housing complex in the Zahra neighborhood in Hindiya district, southern Karbala. The deputy chairman of the Commission, Ahmed al-Maliki, said the project would involve 500 housing units, an elementary school, kindergarten, nursery, markets, public parks and infrastructure services. It will be built on a 60-acre site […]
By John Lee. Wood Group PSN (WGPSN) has been awarded a contract by DNO Middle East to provide engineering and project support services to the Tawke field, in the Kurdistan region of Iraq. The contract marks WGPSN’s expansion into Iraq. The energy services company will deliver engineering studies, detailed design, technical and operations support to […]
By John Lee. Prime Minister Nouri Al-Maliki has laid the foundation stone for a new hospital in Husseiniya, in the Al Rashidiya area of north Baghdad. The Prime Minister said in his speech: with every step we make in the process of rebuilding Iraq, we are filled with joy and happiness, because we move forward […]
By John Lee. Iraq needs up to $1 trillion over the next 10 years to rebuild its crumbling infrastructure and battered economy, the head of the National Investment Commission (NIC), Sami al-Araji (pictured), said at the Baghdad International Fair. "We are talking about the reconstruction of Iraq, a minimum requirement of money ... is about […]
By John Lee. Zawya reports that Iraq’s government will invite international tenders for the Middle Euphrates Airport in Karbala before the end of December this year. Dr Abbas Hassani, the head of the Construction and Strategic Planning Committee in the provincial council, said: "Aeroports de Paris Ingenierie (ADPi) has completed the design, which cost $42m. […]
By John Lee. A federal magistrate in Oregon has ordered Kellogg Brown and Root (KBR) to pay $85 million to a dozen National Guard soldiers for illnesses suffered while guarding an oilfield water plant during the Iraq war. The soldiers said they suffer from respiratory ailments after exposure to sodium dichromate, and they fear that […]
