Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Special Inspector General for Iraq Reconstruction (SIGIR), Stuart Bowen (pictured), has found serious weaknesses in the government’s controls over Iraq reconstruction funds that put billions of American taxpayer dollars at risk of waste and misappropriation. The precise amount lost to fraud and waste can never be known, but SIGIR believes it […]
By John Lee. Iraq's Minister of Science and Technology, Dr. Abdul Kareem Al-Samarra’yie [Abdul-Karim al-Sammaraie, Abd al-Karim al-Samarrai], has signed a contract with the "Bank Company for Construction Contracting" to build an integrated residential complex for the employees of the Ministry in Tuwaitha site. A statement by the ministry quoted the Minister as saying "The […]
By John Lee. The Committee on Studying Land Allocation for Investment and Development Projects has agreed to allocate an 8 donum (2 hectare) site for the construction of a ready-mixed concrete factory in Babel province. The project, for the Al-Rashid Company, should start within a maximum period of 6 months, otherwise the allocation will be […]
By John Lee. KRG Prime Minister Nechirvan Barzani this week announced that the foundation stone for Duhok International Airport will be laid within two months. The future airport will further strengthen tourism and trade links in Duhok, which is one of Iraq's most prosperous governorates. The premier’s news came in a statement also unveiling broader […]
By John Lee. The Kuwaiti government has announced the cancellation of the fourth stage of the Mubarak Port, reports AKnews, due to harm to Iraqi navigation. Iraq’s Ministry of Transport called it an important step, but it does not eliminate the damage to Iraqi navigation. An adviser to the ministry, Karim al-Nouri, said: "We consider […]
By John Lee. An international consortium has received local government approval to build three new power stations in central and southern Iraq, and is now waiting on approval from the Central Government in Baghdad. They will be built by a consortium of led by Semco Maritime of Denmark, AMH Group of the United Kingdom, and […]
By John Lee. Iraq has reportedly re-invited bidders to supply 44,000 metric tons of steel products, having received no bids when it first sought offers a month ago. The products include plain galvanized sheets and hollow window sections, said Trade Ministry spokeswoman Fawziyeh Hameed. According to a report from Bloomberg, the deadlines for bids are: […]
By Padraig O'Hannelly. Early last year, Iraq Business News interviewed Mohammed Alkhouzai, the head AMH Group, which, which along with a consortium of multinational companies was preparing to break ground on an exciting new project to build more than 10,000 housing units in Diwaniya. I spoke recently with Mr Alkhouzai, who confirmed that they are […]
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, […]
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 […]
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 […]
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 […]
