Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The U.S. Embassy in Baghdad and the Iraqi Republic Railroad (IRR) celebrated the launch of Iraq’s new Computer-Based Train Control (CBTC) and Digital Microwave Radio Communications Network (DMRCN) during a handover ceremony on July 18. The project was sponsored by the U.S. Embassy, through the U.S. Department of Transportation, in coordination with […]
By John Lee. The Thi Qar Investment Commission has approved an Investment License for a $60 million (USD) affordable housing project being developed by Iraq Dream Homes, LLC, a U.S. affordable housing development firm. The housing project “An Nasiriyah Dream Homes-Phase I” consists of 400 units of single-family affordable homes in a master-planned, sustainable community […]
By John Lee. Alstom Grid has announced that it has won contracts worth €34 million ($42 million) from KAR Construction & Engineering Company to engineer and supply substations for the electrical grid. The company will supply four 132/33/11 kV Air-insulated Switchgear (AIS) substations and one 132/33/11 kV Gas-insulated Switchgear (GIS) substation for the Kurdistan Regional […]
By John Lee. Bloomberg reports that Iraq will reduce its daily exports of Basrah Light crude from the Persian Gulf by 3.8 percent in the second half of July, compared with shipments in the previous two weeks. Twenty-four cargoes are scheduled to be shipped from the al-Basrah Oil Terminal (pictured), up from 18 in the […]
By John Lee. A glass factory in Anbar has resumed production after a break of 10 years. AKnews reports that factory manager Fadhil Ahmed said the factory’s production line is now fully functioning with the help of the Ministry of Industry using local expertise. “The factory is now capable of producing high quality products like […]
By John Lee. The Iraqi province of Dhi Qar (Thi Qar) may get it's own oil company, according to a report from AIN. The Deputy Prime Minister with responsibility for Energy Affairs, Hussein al-Shahristani (pictured), discussed the issue with the Deputy Chairman of Dhi-Qar Provincial Council, Hadi Mohan, at his office in Baghdad. Shahristani instructed to […]
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 […]
