Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Iraq's Ministry of Construction and Housing is looking at ways to privatise their PMCM (Project and Contract Management) by bringing in an international consulting form to supervise the extensive construction works that are running and planned over the next 24 months. “We want to look at getting a company to contract in Project Management staff […]
The Director General of the Private Transport Section of the Ministry of Transport, Mr. Abdullah Laibi, outlined the opening of the new $14 million passenger terminal adjacent to Karbala airport. Designed to ease congestion between Najaf and Karbala, the new 2,000 car parking facility integrates accommodation, restaurant facilities making access to the airport for pilgrims […]
Bloomberg reports that Jordan’s Aphrodite Trading Company has won a $240 million [285 billion Iraqi dinar] contract to build 2,500 housing units in the city of Tikrit in northern Iraq. Jawhar Hamad, the president of Salahuddin Investment Commission, told the agency that the project will be completed within three years. The province needs 19,800 residential […]
Iraq's Minister for Housing and Construction, Mohammed Sahib al-Darraji, spoke to Gavin Jones for Iraq Business News: The Ministry of Housing and Construction is responsible for building over 2 million houses between now and 2015, as well as several thousand kilometres of highway and several dozen schools, hospitals and various other infrastructure projects; it's a […]
The Iraqi government has awarded contracts worth $199 million to two construction companies to build 2,000 homes in the southern provinces of Thi Qar [Dhi Qar] and Muthanna, reports Bloomberg. Markez Inc., an Iraqi-American company incorporated in Maryland, but with no contact address on its website, secured a $139 million deal to build 1,000 homes […]
Thi Qar [Dhi Qar] Investment Commission has granted a new investment licence to build 850-housing units in Shatra, in the north of Nassiriya city. The project, to be implemented by an Iraqi company, will cost $150 million [180 billion Iraqi dinars]. Another housing complex with a costing $16.5 million, and a $15 million shopping mall […]
The Basra Investment Commission has approved six projects from Iraqi and Arab investors in the areas of housing, industry and tourism. The projects include construction of a $9.7m (11.3bn IQD) ready-mix concrete plant and a $9m (10.5bn IQD) plant for producing construction thermostone (isolating cement material). Other projects include a $81,500 (95m IQD) Nakhil tourist […]
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 […]
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 […]
