Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Rotondo Weirich’s (RW) UAE partner company, RW Middle East, has started work on an investment housing contract awarded to the Iraqi Developer Sama Al Douh Contracting and Real Estate Investments by the Iraqi Ministry of Housing. Sama Al Douh has selected RW Middle East to design and build the residential development in Simawah [Samawa], Iraq, […]
By Joan Kibler, U.S. Army Corps of Engineers, Middle East District. Though its construction program is a fraction of what it once was in Iraq, the U.S. Army Corps of Engineers continues to manage $350 million in projects there to help build facilities for the sovereign nation. In seven years starting in 2004, the U.S. […]
We would like to update you of Al-Kindi’s intentions to hold a conference on the construction and housing sector in Iraq. This is planned to be held on 7th of July 2012 in Central London. Iraq needs over 3 million housing units, modern highways, bridges and basic infrastructure. The budget for the ministry of Construction […]
KRG's Ministry of Agriculture and Water Resources has signed a contract to build a dam in the Qaradakh parish of Sulaimaniya, reports AKnews. The Chami Smora project will cost 6.96 billion IQD (approx. $5.9 million), and the companies Birkar and Zhina Gharib have undertaken to complete it within 820 days. The dam will be 20 meters […]
On Tuesday, Iraq's Cabinet approved an $843 million service contract granted to Weatherford International to install six power stations at the Zubair oil field. Government spokesman and Minister of State Ali Al-Dabbagh told Bloomberg the plants will take 18 months to install. Italian company Eni controls almost 33 percent of the Zubair project, with Iraq’s […]
The Kurdish Regional Government’s President Masoud Barzani has been telling a delegation of Iraq Britain Business Council members the door to trade with the Kurdish region was wide open. He said: "I hope that as companies you will support us at this critical time in the development of Kurdistan. "There are British businesses here already […]
AKnews reports that Kurdistan's Minister of Finance and Economy says he cannot afford to increase the housing grant. Bayiz Talabani [Bayiz Saeed Mohammad Talabani] (pictured) attended a budget meeting on Thursday to answer reports of parliamentary committees. Talabani said: "Now 18,000 staff and civil servants get paid from the Kurdistan Regional Government." It was suggested […]
Bloomberg reports that Italy’s Consorzio Stabile Italia 2010 won a $247 million contract to build 2,000 homes in Diwaniya. The project is to be completed within three years on the southwestern side of Diwaniya city, Majid al-Mehanna, spokesman for the Diwaniya Investment Commission, told the agency on Wednesday. He added that the province needs 100,000 […]
The governor of Wassit, Mahdi al-Zubaidi, laid the cornerstone on Friday for a 31-billion-dinar ($26 million) project to develop residential areas in the city of Kut. According to the report from Aswat al-Iraq, the project will be completed within 720 days by a Polish company. (Source: Aswat al-Iraq)
Iraq's Ministry of Housing and Construction has completed the Shirqat Concrete Bridge project in Salahaddin province, at a cost of 11 billion Iraqi dinars ($9.2 million). A statement from the Ministry said that the bridge will contribute to smoothing traffic flow in the region, and will help the economy by improving the transportation of commodities […]
Iraqi Kurdistan needs to spend 200 billion dinars ($172 million) a year on homebuilding, an adviser to the housing ministry, Ammar al- Najjar, told Bloomberg in an interview. “We are capable of resolving the housing crisis in the coming 10 years through building 5,000 units a year ...We’ll need 200 billion dinars a year to […]
Advertising Feature Iraq Business News is delighted to bring you the latest Iraq Market Tracker report from Dunia Frontier Consultants. The market tracker highlights the activities and market performance of a basket of publicly traded firms who derive a significant percentage of their revenues from operations in Iraq, but are traded on foreign exchanges: a […]
