Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. An MP and member of parliament's the Economic Committee has described the giant Basmaya [Bismayah] City housing project as "failed", and says "the National Investment Commission (NIC) will not be able to implement it." Azez al-Mayahi, of the Iraqiyya party, demanded that the NIC clarify that status of the project, according to […]
By Mayada Daood. 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. In a country where the unemployment rate has caused mass demonstrations, one local economist believes that Iraq lacks thousands of skilled workers for the oil industry […]
By John Lee. Baghdad is to build 15 new bridges worth at total of $300 million (360 billion Iraqi dinars), in an attempt to improve traffic in the city. Eng. Talib Nejim al-Maamouri, head of Baghdad's Engineering Department, told Al-Shorfa news agency: "An agreement was reached with 33 Iraqi, Turkish and Italian companies to start […]
By John Lee. Modern Iraq Company for Trading Agencies (MICTA), the authorised distributor for Cummins Power Generation in Iraq, has provided a prime power solution to a cement factory in Samawa, midway between the capital Baghdad and Basra in the south. Al-Douh Cement Factory (pictured) needed 15 MW of self-generation capacity for its 5,000 m2 […]
By John Lee. Basra Investment Commission has published a new guide for investors, covering such areas as opportunities, taxes, and how to get a visa. The quality of the English translation is rather poor, but it is still reasonably understandable. You can download the guide here.
By John Lee. Professor Serwan Baban, the Kurdistan Regional Government's Minister of Agriculture and Water Resources, this week in London met Lord Green, Minister of State for Trade and Investment with officials from the Department for Environment, Food and Rural Affairs. He also met other government officials in Belfast, Northern Ireland, and thanked them for […]
By John Lee. An official from Iraq's Ministry of Housing and Construction has told Bloomberg that the ministry has signed a contract with the Danish company COWI for the design of a highway linking Baghdad with Turkey. The company, based in Lyngby, Denmark, is due to complete preliminary designs within 20 weeks before working on […]
By John Lee. Crescent Petroleum and its partner and affiliate Dana Gas PJSC, have, in their capacity as joint operator of the Kor Mor field, announced that total production in their major gas operations in the Kurdistan Region of Iraq has grown steadily to reach 70,000 barrels of oil equivalent per day, with total investment […]
By John Lee. A Malaysian company has been awarded a contract worth $86 million to design and build the Al-Zuhour Water Project in Baghdad. According to a report from Bernama, the Ho Hup Construction Company Bhd won the 10,000 cubic metres per hour capacity turnkey project, awarded by the Ministry of Municipalities and Public Works, […]
By John Lee. KAR Group, an Iraqi integrated oil and gas company, has announced the third expansion of their Kalak Refinery to 185,000 barrels per day (BPD). Process units and utilities are being provided by Ventech Engineers LLC of Pasadena, Texas. Ventech has provided modularized crude-distillation units, naphtha hydrotreaters, catalytic reformers, isomerization units, demercaptanization systems, […]
Pell Frischmann has won a contract in Iraq for the design of a $85 million water project in Anbar province, according to a report from Bloomberg. The U.K.-based consulting company will designs a new water station in Hadeetha (Haditha), which will pump 4,500 cubic meter of water an hour to surrounding towns, within two years. […]
By John Lee. The KRG has signed contracts worth $700 million (840 billion Iraqi dinars) with South Korea’s Posco Engineering & Construction Company and the Korea National Oil Company (KNOC) to build a power station and tranformer. Posco will build the plants and KNOC will finance the projects in line with terms of its 2008 […]
