Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Hill International (NYSE:HIL), the global leader in managing construction risk, announced on Friday that it has been awarded three contracts to provide project management and construction management services for various clients in Iraq. The three contracts, which have a total estimated value to Hill of approximately $15.0 million, include the following: a contract from the […]
Entrepose Projets, a 100% subsidiary of Entrepose Contracting, a contractor specialised in the design and construction of complex projects in the oil and gas sectors in particular and the energy and environmental sectors in general, has announced that it has been awarded, within a partnership, a contract in Iraq for the construction of oil storage […]
The Basra Investment Commission has licensed three projects, including an amusement park and a shopping center, worth $72m (84 billion Iraqi dinars). Khalaf Badran, head of the board, revealed the details of the projects, which will be undertaken by local companies. Jalfar Amusement Park will be constructed in the Qibla district with a capital of […]
Tenaris has established a service center in Basra as the next step in its commitment to the Iraqi oil and gas market’s development, which began with the supply of tubular goods following its reactivation. From the new service base, Tenaris will provide in-country technical support and service for customers who are using Tenaris technology, staffed […]
The head of the Basra Investment Commission (BIC) and a number of local officials inspected the Modern Basra City project, implemented by the US-based Wadi Sawa International in al-Sabkh region, near the Sports City. "Basra's governor, accompanied by the head of the BIC, hailed the project's design and the ongoing work which includes the establishment […]
The Iraqi government has agreed to hold talks with China’s Poly Technologies on a plan to build a highway linking the country with Turkey and Syria, according to a report from Bloomberg Businessweek. Iraq’s minister of construction and housing will discuss the design of the project with Denmark’s COWI Holding A/S, said government spokesman Ali […]
Luay Jawad al Khatteeb, chief executive officer of Iraq Energy, discusses global oil supplies and tensions surrounding the Strait of Hormuz transit route. He speaks from Hong Kong with Caroline Hyde on Bloomberg Television's "First Look." (Source: Bloomberg)
The Iraqi company 'al-Saqr al-Jareh' has won a $245 million contract to build 1,857 housing units in the northern outskirts of Basra city. Khalaf al-Badran, president of the Basra Investment Commission, said that the project is to be completed within five years. Basra province needs 200,000 additional residential units. (Sources: Basra Investment Commission, Bloomberg)
Local authorities in Wassit have commissioned a Polish company to implement a project to rehabilitate and develop residential areas in the city of Kut, according to Aswat al-Iraq. “The project, which will cost ID30.578 billion [$25.5 million] as part of the provincial development budget (PDB) for 2012, will include the rejuvenation of residential districts, extension […]
The Entico Corporation is pleased to announce the Maysan and Thi Qar Reconstruction & Investment Summit on the 12th and 13th of May at the Grand Hyatt Hotel, Dubai, UAE. The event will be held under the patronage of H.E. Dr Khudier AlKuzai, Vice President of Iraq. The southern Iraqi provinces of Maysan and Thi […]
A delegation from the Ministry of Industry paid a visit to the headquarters of Italian company Paresa on Wednesday to discuss the building of eight oil tanks for the South Oil Company. According to Aswat al-Iraq, each tank will have a capacity of 58,000 'cubic liters' (sic); we believe this should read 'cubic meters'. (Source: […]
The head of the One Stop Shop Department in Basra Investmetnt Commission (BIC), Eng. Jalal Al- Noori, announced that the Turkish company Visalr has submitted an investment project to build private schools in Basra. He said the education sector is a top priority for the BIC, and that Basra has suitable lands allocated for such […]
