Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
RW [Rotondo Weirich], through its division in United Arab Emirates, RW Middle East, has built the first modular precast concrete villa, located in Samawah City, Al Muthanna Governorate, Southern Iraq. This 2,500 ft2 villa demonstrates the technology and benefits of fast track precast modular concrete construction versus other methods of residential building in the gulf […]
ExxonMobil has reportedly reached an agreement with Baghdad to be paid in oil for work on the huge West Qurna-1 oilfield. According to the report from Reuters, foreign oil companies involved in Iraq's oil expansion generally prefer to be compensated for capital expenditure and service fees in oil, because cash payments are more complicated to […]
Three sports stadiums are set to be built in Baghdad under plans announced by Kamel Braihi, the director of the engineering and technical department in Iraq's Ministry of Youth and Sports, reports AKnews. He said the three stadiums, to be built to international standards, will be constructed in Sadr City, Rusafa and Tajiyyat. The contract for […]
Shell has announced that it has granted a $63 million contract to build an electricity generation plant for its gas capture project southern Iraq to Swiss engineer ABB Ltd. Jasser Hanter, general director of the Shell gas project, told reporters that ABB will build two 25 megawatt power plants at Khor al Zubair. The $17 […]
The 2013 edition of the definitive guide on doing business in Iraq, The New Iraq – Discovering Business, is underway. Produced by allurentis and in association with the National Investment Commission of Iraq and UK Trade and Investment, it provides a comprehensive framework on conducting business in Iraq and is an invaluable reference source for […]
A departmental head at Iraq's South Oil Company (SOC) has reportedly fled the country after being accused of accepting bribes from a subsidiary of Australia's Leighton Holdings to help it secure contracts in southern Iraq. Uday Awad, a member of the Iraqi parliament's oil and energy committee, told The Australian that the head of the […]
Iraq's National Investment Commission (NIC) in cooperation with Anbar province and Anbar Investment Commission has announced several investment opportunities within the new Habbaniya [Habaniya] city in Anbar, with a total area of 16,000 acres: The project is a complete city and contains: 5,000 horizontal housing units; 11,000 vertical housing units; Schools (kindergartens, primary, intermediate, secondary […]
Iraq is preparing to invite bids for the building of a breakwater in the Gulf, which according to Reuters will be the first stage of construction in the giant $6 billion Grand Faw [Fao] port project. Omran Rahdi Thani, general manager of the General Company for Iraqi Ports, told the news agency that the breakwater […]
Iraq's cabinet has approved a $363 million (435 billion Iraqi dinar) contract on Tuesday with Egypt's Orascom Construction to build a 1,014 MW gas-fired power plant in the northern town of Baiji [Beiji, Bayji]. The contract involves building the plant and installing six 169 MW generators which Iraq bought from Siemens in 2008. The project […]
Iraq's transport minister, Hadi al-Ameri [al-Amari] (pictured), has appealed to foreign firms to help restore his country's dilapidated infrastructure by rebuilding airports and constructing a European-style rail network, according to a report from AFP. Addressing nearly 50 companies in Baghdad's heavily-fortified Green Zone, he said that as Iraq's oil income rises in the coming years there […]
AFP reports that Japan is to offer $530 million in loans to Iraq, in part to help rebuild oil refineries, as Tokyo seeks to diversify fuel supplies after the tightening of sanctions on Iran. A Japanese foreign ministry spokesman said that loans totalling 42.5 billion yen have been pledged to Baghdad to aid four infrastructure […]
New York's Center for Architecture is hosting an exhibition entitled: City of Mirages: Baghdad, 1952-1982 The history of modern architecture in Baghdad has been relatively underexplored and is still not well known. Though specialists in Iraq, and in exile throughout the world, have already undertaken detailed analyses of the topic, many of these studies have […]
