Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Prime Minister Nechirvan Barzani today hosted a groundbreaking ceremony for a new international airport in Duhok. Duhok International Airport will be the third airport in the Kurdistan Region. After its completion in 2015, travellers will have direct international access to each of the Region’s three provinces. Speaking at the event, the Prime Minister highlighted the […]
By John Lee. According to a report from Bloomberg, Morgan Stanley is no longer a bookrunner for the IPO (initial public offering) of Asiacell, the Iraqi telecom operator majority-owned by Qatar Telecom (QTEL). A person with knowledge of the discussions told the news agency that, while Morgan Stanley is still an adviser on the deal, […]
By John Lee. Earlier this month The Iraq Club – Dubai’s only exclusive network for investors and senior professionals involved in the Iraqi energy sector – returned after its summer break. More than 80 people turned out to hear guest speaker David Denman (pictured), an explosives expert and Technical Director at RPS Explosives Engineering Services. […]
On September 20, the U.S. Government, through the United States Agency for International Development (USAID), signed a memorandum of understanding (MOU) with Iraq’s Ministry of Education, outlining a partnership to support Iraqi efforts to improve primary education, as called for under the U.S. – Iraq Strategic Framework Agreement. The MOU was signed by the Minister […]
By John Lee. The Iraq Mega Projects 2012 Conference and Exhibition is only 2 weeks away. Register today to meet NOC's, IOC's, service companies and representatives from the Iraqi Government and be part of the largest gathering on Iraq's oil field services industry. Join us in Dubai and discover the investment opportunities available in the […]
By John Lee. A delegation from the Kurdistan Regional Government (KRG) took part in the 22nd Economic Forum held in Poland earlier this month. The delegation included the KRG Minister of Planning, Dr Ali Sindi, the Chairman of the Kurdistan Board of Investment, Minister Herish Muharam, and the KRG representative to Poland, Mr Ziyad Raoof. […]
By Padraig O'Hannelly. Iraq's Planning Minister, Ali al-Shukri (pictured), has said the country has earmarked between $250 billion and $275 billion for infrastructural development projects over the next five years. At the Iraq Finance 2012 conference in London the minister called for foreign companies to invest in all sectors of the Iraqi economy, including construction, […]
“Project Iraq 2012” expected to lay solid foundations for the region’s bustling construction sector For the fifth consecutive year, “Project Iraq” – the International Exhibition for Construction and Environmental Technology, Materials and Equipment – will be held at Erbil International Fair Ground (EIF), bringing together local, regional and international companies and decision-makers in the […]
Siemens will supply Khormala gas turbine power plant in northern Iraq with four SGT5-2000E gas turbines and four SGen5-100A generators along with the associated auxiliary and ancillary systems. The customer is the KAR Construction and Engineering Company Ltd., which is erecting the Khormala plant for the independent power producer KAR Group headquartered in the city […]
More housing is to be built in Baghdad, as two deals for 2,000 homes apiece were signed for a total of USD365m. Kar Construction & Engineering will build 2,016 homes in the north of Baghdad over four years, after signing a contract for $185m, according to Shaker al-Zamili, president of the Baghdad Investment Committee announced today. […]
Aquascapes, the swimming pools design and construction division of UAE based Belhasa Projects has won new projects in Iraq and Maldives. In Erbil, Iraq, the company has won contracts for landscape design for a luxurious villa and a hotel. According to Malay Shah, General Manager, Aquascapes: "We are excited to enter the landscape design market […]
The Director General of Missan Oil Company has announced that 14 of the 20 oil wells at Bazargan [Bazirgan] oil field have been drilled. He said that Weatherford accomplished the drilling operation in record time, and they were working on three of the remaining six wells. The wells have provided production capacity of 6,900 bpd. […]
