Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By Saleem al-Wazzan. 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. The number of squatters in Basra is growing by the day and tens of thousands live in local shanty towns. The settlements are impeding development projects […]
By John Lee. Iraq's Ministry of Environment has approved thirty projects in services, industrial and agricultural fields in Wasit province. Its official spokesperson and the director of environmental information, Amer Ali Hasson, said the projects included seven services projects and 13 industrial projects, in addition to ten agricultural projects. (Source: AIN) (Picture: Iraqi Environment Minister, […]
Dubai's DAMAC Properties has signed a memorandum of understanding with the Iraqi Minister for Construction and Housing on the final day of Cityscape Global 2012. The region’s largest private luxury developer already has two plots of land in Baghdad that was previously bought from the private sector and is currently developing designs with the projects […]
By John Lee. The director of Karbala Investment Commission has announced that the cornerstone for a major housing complex has been laid. Ta'if Abdul Hussein told Aswat al-Iraq that the project will be implemented by a Turkish company along the highway linking Karbala and Najaf. The project consists of 1260 housing units, with associated infrastructure, […]
By John Lee. Passavant-Roediger GmbH, a subsidiary of Dubai-based Drake & Scull, has won a contract to design and build a sludge treatment system for a wastewater plant in Kerbala. According to a report from Bloomberg, the contract is valued at about $23.4 million. Twelve sludge digesters will be installed, and the project will include […]
By John Lee. Forbes reports that Nigeria’s richest man, Aliko Dangote, plans to expand his Dangote Cement Company into Iraq, among other countries. Dangote, whose worth is estimated at about $12.5 billion recently told the Financial Times that construction on a plant in Iraq could begin as early as next year. Dangote Cement, which is […]
By John Lee. Iran will provide Iraq with natural gas by the summer of 2013, according to Iranian news agency Fars. Javad Oji, the head of the National Iranian Gas Company, said Iran has completed more than 25 percent of a 48-inch pipeline that could carry up to 25 million cubic meters per day of […]
By Mustafa Habib. 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. Despite billions in oil income, Iraq says it cannot afford to build the infrastructure citizens badly need. A draft law allows Iraq to borrow money to […]
By John Lee. The Basra Investment Commission has licensed a cement factory in Umm Qasr, according to a report from Aswat al-Iraq. The $26-million project will have a production capacity of 3,000 tons of cement per day. (Source: Aswat al-Iraq)
By John Lee. Iraq signed a $14-million deal with a U.S. consortium on Tuesday to modernise the Maqal Port on Shatt al-Arab waterway. The consortium, led by North America Western Asia Holdings (NAWAH), will invest in a new heavy-lift crane as well as container handling capabilities, and will build a modern container yard in one […]
Advertising Feature The third edition of CWC’s Iraq Mega Projects Conference & Exhibition opened its doors on Monday at the Madinat Jumeirah, Dubai, under the Patronage of His Highness Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum. The three-day event, being held 1-3 October 2012, will bring together stakeholders from across the value chain to […]
Iraq will invest around $500 billion in energy and linked industries with the help of the private sector by 2030, the Deputy Prime Minister for Energy told a conference hosted by the Iraq Britain Business Council and Iraq's National Investment Commission. Dr Hussain al-Sharistani (pictured) said the move would generate around $6 trillion in revenues […]
