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)
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Alstom Signs €400m Power Contract in Iraq
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 […]
Tags: Al-Mansouriah, Alstom, Electricity In Iraq, France, Mansouriya, Mansuria, Mansuriya, Mansuriyah
Leighton Engineering Awarded $10m Iraq Contract
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 […]
Work Starts on Best Western's Two Iraq Hotels
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 […]
New Iranian Development Contracts in Wassit
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 […]
Emerson Pitches for Business at Zubair
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 […]
Tags: Emerson
Iraqi Cement Company makes $13m Profit
The Iraqi Cement Company made a profit of 16 billion dinar [$13 million], according to Aswat al-Iraq. "A major success has been achieved by the Ministry of Industry Minerals and the Iraqi Cement Company," a media spokesman for the Company's Director-General, Nasser al-Madani reported. "The Company had achieved more than 16 billion (b) dinar proft […]
Tags: cement, Iraqi Cement Company
Scotland can work with Kurdistan’s Aberdeen
By Tavish Scott, Member of the Scottish Parliament. This article was originally published by The Scotsman, and is re-published here with the author’s permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. A familiar face walked across the hotel lobby. Former BP boss Tony […]
Shell Signs $17bn Iraqi Gas Deal
Shell, Mitsubishi and the Iraqi government have finally signed the $17.2 billion deal on Sunday to capture flared gas at Iraq's southern oilfields. The 25-year project is intended to boost production of badly needed electricity and reduce the environmental damage caused by flaring, as well as opening up the possibility of gas exports. It will harness […]
Tags: Basra Gas Company, gas capture, gas gathering, Mitsubishi, Rumaila, Shell, West Qurna Oilfield News, Zubair
Hyundai Wins $396m Iraq Power Deals
Reuters reports that Iraq has signed contracts worth $396 million with South Korea's Hyundai Engineering to build two new power plants. Laith al-Mamury, head of investments and contracts at the electricity ministry, said the plants will have a total capacity of 1,752 megawatts. There will be five units of 292 MW each in Rumaila, with […]
Basra Council Approves New Investment Commission
Basra's Provincial Council has approved a new board of directors for the Basra Investment Commission (BIC), according to AKnews. Council Chairman Sabah al-Bazouni (pictured) told the news agency that the council endorsed two public sector candidates, Aladdin Tahir Najem and Basil Abbas Ali, and three private sector candidates: Mazen Dakhel Abed al-Zahra, Adel Abdul-Amir Laftah […]
KRG to Launch Major Sanitation Programme
The Kurdistan Regional Government (KRG) is embarking on a water supply and sewerage programme worth $910 million USD (1 billion IQD), according to AKnews. Samir Abdullah [Samir Abdullah Mustafa, Samir Akrawi], Minister of Municipalities and Tourism (pictured), told a press conference that the Goptapa-Chamchamal water project will supply drinking water for 300,000 people in central […]