Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Reuters reports that the Iraqi Ministry of Electricity has signed a contract valued at a total of $69.8 million with the Iranian Farab Company. The deal is to double the generation capacity of the gas-fired power plant in Sadr City in Baghdad. According the contract, production should reach 640 megawatts within 12 months. (Source: Reuters)
ProSep Inc. (TSX: PRP) has announced that it was awarded three contracts with a new customer operating in Iraq, for the design and supply of a produced water package and water deaeration and fuel gas treatment systems. Together, these contracts represent a value of $6.5 million. The equipment provided will be installed at the same […]
Prime Minister Nouri al-Maliki has called on U.S. companies to help rebuild Iraq, according to Reuters. In a speech at the U.S. Chamber of Commerce, Maliki said: "As much as we committed to defeat terrorism, we are now committed to grow the private sector ... It is now not the generals, but corporations and business […]
In Iraqi Kurdistan, locals are enjoying a property boom. As demand outstrips supply, buying off-the-plan is more popular. But if this housing bubble bursts, the region could face severe economic and political consequences, according to this article from Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of […]
Soler & Palau, the leading Spanish company specialized in ventilation, announced the appointment of Quality Trading Company, Qualtra, as the authorized and only distributor in Iraq for their products that include both industrial and domestic ventilation. The partnership was signed during an official ceremony that was held on Oct 27th in Murica, Spain, between S&P […]
Basra Council has signed the contract for the construction of 12,000 housing units in the Shatt al-Arab district. The local government allocated 1,600 acres to the project, which is expected to be started within the month and completed within two years. It is to be carried out by a UAE-based company named Kika (?). The […]
According to this video report from CNN, Kurdistan is in the midst of an economic boom that could make it an economic gateway to Iraq: (Source: CNN)
Patrick Kron, Chairman and Chief Executive Officer of Alstom, and the Iraqi Vice Minister of Electricity, His Excellency Salam Kazzaz, signed on 11 December, in the presence of His Excellency Karim Aftan El Jumaily, Minister of Electricity, a contract worth approximately €400 million to build the 728 MW Al Mansuriya gas-fired power plant in the […]
Leighton Offshore officially launched its new engineering business in Malaysia. DPS Leighton Engineering Sdn Bhd (LE), a fully owned PMC subsidiary of Leighton Offshore, provides engineering and PMC solutions for Leighton's international EPCIC and LOFS business. Leighton's detailed engineering and PMC arm has grown from the former oil and gas engineering consulting business of DPS […]
Construction has started on Best Western’s first two hotels in Iraq which will operate under the Best Western Premier brand in Erbil, the capital of Iraqi Kurdistan, reports Hotelier Middle East. The 82-room Best Western Premier Erbil Airport will be the first to open in 2013, located near to the recently-opened Erbil International Airport. This […]
The deputy chairman of Wassit provincial council, Mehdi al-Mussawi, told Aswat al-Iraq that it has signed a memorandum of understanding (MOU) with an Iranian company to build a 500-megawatt power station on a deferred payment basis, in addition to a 400-bed hospital and 5000 flats housing complex. The MOU, which the approval of the electricity […]
U.S.-based energy firm Emerson has submitted a bid for an automated systems contract at Iraq's ENI-operated Zubair oil field, according to a report from Market Watch. The company, a specialist in oil and gas, refining and power automation, gave no details about the value of the contract to set up process and control automation equipment […]
