Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Reuters reports that Iraq signed a $349 million contract with Greek power plant builder Metka, a subsidiary of the Mytilineos Group, on Wednesday. The Shat-Al-Basra Power Plant Project will be a gas-fired, 1,250-MW power plant in southern Iraq. It comprises 10 units of 125 MW each, which were purchased from General Electric in a contract […]
Lafarge plans to triple cement production over the next two to three years at its plant in Karbala, according to Bloomberg. Eric le Blan, Acting Chief Executive Officer of Lafarge's partner MerchantBridge, told the agency that production at Karbala would increase from 576,000 tons of cement per year to at least 1.8 million tons by 2013 […]
British companies need to move fast if they are to gain a foothold in Iraq and avoid losing out to their competitors. This was the clear message given at the Middle East Association’s ‘Iraq: Untapped Opportunities’ conference held on 22nd November at the Dorchester Hotel, London. Supported by the National Investment Commission of Iraq, UK […]
At the 'Iraq: Untapped Opportunities' conference in London, Charles Hollis (pictured), Director General of the Middle East Association asked a panel of leading businessmen to make one suggestion each as to how Iraq can improve its development efforts. Hans Nijkamp, VP and Country Chairman for Iraq at Shell, said the authorities need to make a […]
This morning saw the launch of a major new guide to business in Iraq: Entitled "The New Iraq: 2012 Discovering Business", it was launched simultaneously in Dubai and at the "Iraq: Untapped Opportunities" conference in London. Published by Allurentis, in association with UK Trade & Investment (UKTI), the guide containes a wealth of case studies, […]
Construction Week Online reports that Iraq’s Minister for Construction and Housing, Mohammad Sahib Al Darraji [Muhammad Sahib al-Daraji], is in discussions with Chinese companies regarding the construction of the road linking Baghdad with Zakho on the Turkish border, known as Highway No. 2. Al Darraji spoke with specialist firms during a visit to Beijing and […]
Iraq may participate in the planned new gas pipeline between Azerbaijan and Turkey, according to TrendAz. An adviser to the Turkish Energy and Natural Resources Ministry told the Kurdistan Oil & Gas Conference, "Iraq's participation in this project as a gas producing country is important for us". He said the world has a growing demand […]
AFP reports that the Iraqi cabinet has approved a $540 million contract for French firm Alstom to build a 182.4 megawatt gas power plant in central Iraq. Ggovernment spokesman Ali al-Dabbagh said in a statement that the plant, which should be up and running 18 months after the signature of the contract, is to be […]
Reuters reports that Iraq's cabinet approved a $17 billion deal with Royal Dutch Shell and Mitsubishi on Tuesday to capture gas that is now being flared off in the oilfields around the southern oil hub of Basra. The 25-year venture is expected to help Iraq make use of more than 700 million cubic feet per […]
The Financial Times reports that Genel Energy plans to build a pipeline that will connect its fields in the Kurdish regions in northern Iraq to a port in Turkey on the Mediterranean. Reuters reports that the pipeline will run from DNO's Tak Tak field to Faysh Khabour, which is the upstation in the northern part […]
UK-based aerospace design, analysis and modelling software solutions company j2 Aircraft Dynamics Ltd has announced it has won a $170,000 contract with the Ministry of Science and Technology in Iraq to provide them with an aircraft design lab in Iraq and associated training and education over a 2 week course in the UK. Paul Jenkins, […]
A mission of Portuguese entrepreneurs will visit Erbil, capital of the Kurdistan Region, from 22 and 28 November, to promote bilateral contacts with the aim of strengthening economic, scientific and business expertise and investment opportunities in a country that has emerged from conflict and years of international embargoes. The initiative is promoted by YUMN Worldwide, […]
