Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Iraqi Prime Minister, Mr Nouri Al Maliki visited the Copperchase – 4th Dimension Al Ghadeer Village Project on April 9th 2012. Mr Al Maliki’s visit endorses the excellent works carried out by the UK-Iraqi partnership in building low-cost housing as a part of the reconstruction efforts in the country. The Al Ghadeer Village is […]
JBC Energy, the Austria-based research firm, has said that disruptions at a pipeline network carrying Iraqi crude oil to the Turkish Mediterranean port of Ceyhan (pictured) have threatened the reliability of Kirkuk oil exports, Bloomberg has reported. "The closures and reduced flows seen over the last six months raise questions on the viability of Kirkuk […]
Bloomberg reports that a company called Devco International has signed a $78.5 million contract to supply and install a sulphur purification system at a state-run plant in northern Iraq. The contract was for a turn-key installation of a sulfur purification system including sulfur filtration, sulfur recovery unit, and submerged combustion distillation unit. The purification unit […]
Najaf Investment Committee has approved ed four new investment licences in the areas of tourism, agriculture and entertainment, worth a total of $ 78.7 million (91.7 billion IQD): an agricultural project to create an integrated farm that includes the cultivation of palm trees, olive trees and seasonal crops in addition to housing livestock of all […]
Wasit Investment Commission has approved the construction of 254 houses, at a cost of $30m, in Mowafaqiya district, 30km southwest of Kut. According to the report from AKnews, the 'Residential Rescue Ship' housing project, to be launched next week, will provide basic services, including a health center, fire station and shopping centers. A Turkish-Iraqi company […]
Hill International (NYSE:HIL), the global leader in managing construction risk, announced on Monday that it has been awarded a contract by the Iraq Ministry of Higher Education and Scientific Research to provide design management and construction management services for the new Al Bayaa Teaching Hospital in Baghdad, Iraq. The three-year contract has an estimated value […]
Siemens has announced that it has won a major order from the Iraqi Ministry of Electricity to supply the control and instrumentation system, field equipment, and spare parts for steam turbine generators for Iraq's largest power plant at Al Mussaib [Musayyib]. The upgraded plant will be more reliable, and will have higher output and increased efficiency. […]
Iranian carmaker Saipa is to build a car assembly plant in Iraq. The factory will have capacity to output as many as 120,000 cars per year if operated around the clock. Iran has developed its domestic car industry for five decades and produced 1.6 million vehicles last year, about half of them made by Iran […]
Iraq's Deputy Oil Minister, Ahmed al-Shamma, said the country wants to gradually privatise its oil refineries and to attract investment in new plants. "We would like to see the private sector increase its role ... You shouldn't have the ministry of trade buying and selling commodities; it's out of date .., We are looking to complete […]
French engineering group Alstom signed a 50 million euros contract to rehabilitate a gas-fired power station in Iraq, reports Reuters. Alstom will work on two units of the Khor Al Zubair station in the southern city of Basra, adding 60 MW to the power supply. The first unit will be reconnected later this year and […]
Iraq's deputy oil minister, Ahmed Shamma (pictured), told the Iraq Refinery conference in London on Tuesday that the FEED (front end engineering and design) of Iraq's 140,000 barrel a day Kerbala refinery will have to be changed to reduce the fuel oil output of the proposed plant, reports Dow Jones. The Kerbala plant, one of […]
Azzaman reports that the holy city of Najaf has turned into a hub for foreign investments, mainly in areas of housing and tourism, as numbers of foreign pilgrims to the city surge. The head of Najaf Investment Commission, Wafi al-Bahhash, said an estimated $7 billion had been invested, adding that his commission granted new licences […]
