Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Reuters reports that Iraq has signed a $235-million electricity deal with a subsidiary of Turkey's Enka Insaat to install a 500-megawatt power plant in the Al-Najibiya district of Basra. The company will install four General Electric (GE) gas units, each with a capacity of 125 megawatts, within the next 16 months, said electricity minister Karim Aftan. […]
Genel Energy announced on Monday morning that it has taken a step forward in its strategy to consolidate its position as a leading oil and gas player in the Kurdistan Region of Iraq by becoming the government's sole Contractor in the Chia Surkh exploration block. The Company said today that it is to increase its […]
The first of four new single-point mooring facilities will be ready to commence operations on Jan. 25, according to a report from Bloomberg. If correct, this would be a pull-forward of the schedule reported by Reuters on 4th Jan. Dhia Jaafar, director general of South Oil Company, said the project involves laying pipelines, building eight […]
Businesses considering entering the Iraqi market are being offered a second free seminar, to explore further the considerations for operating in Iraq. The second of a series of “Opportunity Iraq” seminars is being delivered by Upper Quartile as part of Aberdeen City Council’s international trade and investment team’s support services. This will deal with the […]
Dubai-based WPP Group's public relations firm, Asda'a Burson-Marsteller, is eyeing acquisitions opportunities in North Africa and Iraq, and hopes to complete one or more by the end of this year, The National has reported. The company has 11 wholly-owned offices and eight affiliate offices in the Middle East, North Africa and Pakistan, with clients including […]
International learning and skills specialist Atlas has expanded the global footprint of facilities capable of delivering the groundbreaking new global training initiative IMIST for the oil and gas industry with the approval of the first centre in Iraq. The accreditation of the Al Delma facility in Basra City demonstrates Iraq’s commitment to developing its energy […]
The EIC has confirmed that the Iraq trade mission is definitely going ahead on 11-15 Feb 2012. Please see the attached information pack for more details in regards to itinerary, security, insurance, Hostile Environment Training, etc. Due to the location, please ensure that you read the attached information carefully before submitting your application. Deadline for […]
KBR has announced that it has been awarded a contract by First Global Company to revamp the North Fertilizer Plant in Baiji [Beiji, Bayji], Iraq. Under the terms of the contract, KBR will provide a license for its proprietary Ammonia Process and related engineering services to increase the plant capacity to 120 percent of the […]
The Ministry of Construction and Housing announced on Thursday that it has begun an affordable housing project which has an allocation of $2 billion (2,300 billion IQD) from the 2012 budget. Istabrak al-Shawq [Istabraq Al-Shouk] (pictured), the Under Secretary of the Ministry, told AKnews that the project will be completed within four years and three […]
Hill International (NYSE:HIL), the global leader in managing construction risk, has announced that it has been awarded a contract by the Iraqi Ministry of Youth and Sports to provide project management services in connection with construction of the new Al Anbar Olympic Stadium in Al Anbar, Iraq. The two-year contract has an estimated value to […]
The National Investment Commission (NIC) has announced the investment opportunity to construct a complete residential complex for the employees of the Shiite Endowments Directorate in Baghdad - Karrada district within a total area of (60) acres in accordance with the Investment law No. 13 of 2006 as amended and according to the requirements set out […]
AKnews reports that officials in Kirkuk have laid the cornerstone of a 600-unit housing complex worth 16.5 billion Iraqi Dinars (about US$13 million). The project, undertaken by a local Iraqi company, is funded by the province’s petrodollar money. Kirkuk is one of the richest provinces in the country after Basra, which exports the majority of […]
