By John Lee. Australian construction group Leighton Holdings has sacked a senior manager, whom it did not name, as part of its probe into allegations of bribery related to its $1.3 billion of oil contracts in Iraq. The company said "its internal review of the Iraq projects undertaken by its subsidiary, Leighton Offshore Pte Limited, […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
KRG and Turkey Cooperate to Increase Erbil Power Plant Output
KRG Prime Minister Nechirvan Barzani on Thursday inaugurated the first electricity plant anywhere in Iraq to be converted to a combined cycle system. The conversion will increase the amount of electricity produced without using extra fuel to run the plant, to support the growing electricity needs of the Kurdistan Region and Iraq. Speaking at the […]
$515m Investment Licences Granted in Baghdad
The Chairman of Baghdad Investment Commission, Shaker al-Zamili [Shaker A Shabib] (pictured), has announced that five investment licences worth $515 million have been granted: a residential complex in Ghazaliya for employees of the Office of the Financial Supervision; a residential complex in Zafaraniya; a gynecological hospital in Cairo neighbourhood; a surgical hospital in Waziriya; a […]
Tags: hospitals
Work to Begin on Duhok Airport in 2 Months
The Kurdistan Region's Prime Minister, Nechirvan Barzani (pictured), has announced that the foundation stone for the new Duhok Airport will be laid within two months. AKnews reports that he said that his government will soon begin building hospitals in the city, town and districts of Duhok. The news comes after Barzani's meeting with Duhok governor […]
Switzerland’s ABB wins $120m Power Station Contract
ABB, the leading power and automation technology group, has won orders worth around $120 million from KAR Construction and Engineering Company Ltd. to design and build a power plant and construct two 400/132 kilovolts (kV) high-voltage substations that will supply power to the Kurdistan region of Northern Iraq. The 640 megawatt (MW) open cycle power […]
US's $51bn Iraq Projects at Risk, Says Inspector
Bloomberg reports that billions of dollars in Iraqi reconstruction projects may be wasted as the U.S. transfers them to the Iraqi government. Special Inspector General for Iraq Reconstruction (SIGIR), Stuart Bowen (pictured), told the US's House Oversight Committee: “There remains a vulnerability that thousands of projects [completed with $51 billion in American reconstruction funds] will […]
Video: US House Oversight Cmte on Transition to Civilian-led Mission
The US House Oversight Committee held a hearing to assess the transition of control in Iraq from a military to a civilian-led mission. Witnesses included: The Honorable Patrick Kennedy, Under Secretary for Management, U.S. Department of State; Mr. Peter Verga, Chief of Staff for the Under Secretary for Policy, U.S. Department of Defense; The Honorable […]
UAE’s IIAJ Wins $245m Diwaniya Housing Project
Bloomberg reports that Iraq has agreed a $245 million contract with IIAJ Ltd, of the the United Arab Emirates, to build 1,083 housing units in Diwaniya. The al-Zahra residential compound is to be completed within two years on the southwestern side of Diwaniya city, a spokesman for the Diwaniya Investment Commission told the news agency. The […]
Iraq to Offer Kirkuk Refinery for Bidding by End-2012
Iraq's State Company for Oil Projects (SCOP) will offer the construction of the Kirkuk oil refinery to international companies on a build, operate and own (BOO) basis in December 2012, according to a report from Steel Guru. The report quotes Mr Salar Ameen, deputy chairman of the National Investment Commission (NIC) as saying that "feasibility […]
Foreign Firms to Build Multi-Billion-Dollar Housing Projects in Basra
Basra will soon become the scene of multi-billion dollar construction projects to be implemented by major foreign firms, according to a statement issued by Basra Investment Commission. According to a report from Azzaman, most of these projects will be in the city of Basra, giving it more than 70,000 new, modern apartments for low-income groups, […]
Italian, Ukrainian, French Firms Consider Investment in Babil
Babil Investment Commission [Babylon Investment Commission] has announced that a group of Italian, Ukrainian and French companies are interested in investing in the province. The deputy chairman of the Investment Commission, Abbas al-Tai, told Alsumaria News that the companies are considering construction and industrial projects, and that "the Commission has provided all the necessary facilities to […]
ABB wins $75m Order to Reinforce Transmission Grid in Iraq
ABB, the leading power and automation technology group, has won an order worth around $75 million from the Ministry of Electricity of Iraq to extend an existing transmission substation in the Southern part of the country. The 400/132 kV (kilovolt) Amara substation will connect a new 500 megawatt (MW) gas based power plant as well […]