Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. Lucky Cement, which claims to be the largest manufacturer of cement in Pakistan, has entered into a joint venture for a cement grinding plant in Iraq, according the The News. "The contract for the supply of plant and machinery for this project has been signed and the project team, as well as […]
By John Lee. Fox Business reports that James Biden, the younger brother of US Vice President Joe Biden (pictured), is about to land a potentially lucrative contract to build 100,000 homes in Iraq. Since November 2010, James Biden has reportedly been the executive vice president of HillStone, in which Hill International owns a 51% stake, […]
By John Lee. A joint bid by Baghdad-based Fourth Dimension and British company Copperchase has reportedly won a $125m contract to develop and expand Najaf International Airport. According to Zawya, the airport currently handles 20 flights a day servicing Iran, Jordan, Lebanon, Turkey, Kuwait, India and Bahrain; this number can rise to 45 on religious […]
By John Lee. Iraq's Ministry of Oil has announced the launch of the Nassiriya Integrated Project, and invited interested companies to become formally qualified to participate in its development. The project involves the integrated development of the more than 4-billion barrel Nassiriya oil field in Thi-Qar province together with the construction and operation of a […]
By John Lee. Baghdad Provincial Council and the National Investment Commission (NIC) plan to build four new housing complexes in Baghdad by 2013. Intended for people on low income, the houses will be built in the districts of Rashid, Dihna, Basmaya and Mahmudiya. Bushra Abdul Amir, Deputy Chairman of the Administrative Committee at Baghdad PC, […]
By John Lee. Iraq plans to invest up to $1.6 billion on renewable energy over the next three years, according to a report from Retuers. The new solar and wind power stations will to add 400 megawatts to the national grid, helping to close the gap between the 8,800 MW produced and the 14,000 MW needed. […]
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 […]
