Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Iraq has deployed several Multimedia Exchange Network over Satellite (MENOS™) TV interactive terminals from leading satellite communications company Newtec. The terminals will operate within the Arab States Broadcasting Union (ASBU) exchange network. By deploying the technology, broadcasters within Iraq will now have access to their own IP-based and fully automated secure Virtual Network (VN) for […]
The Iraqi Oil Ministry has denied any changes to Karbala's refinery, as reported by its spokesman. Asim Jihad told Aswat al-Iraq that all agreements on Karbala's refinery site were set with the Transport Ministry, and denied reports that the site had been changed due to its proximity to Al-Furat Airport. Karbala's Energy and Fuel Commission […]
Reuters reports that Iraq's cabinet has approved a $329.8 million tender with British oil service firm Petrofac for the country's Badra oilfield. Petrofac plans to build a major crude processing facility to help production at the field to reach 170,000 barrels of oil per day (bpd) in 2017, a target which was set by Iraq's […]
Seventeen stadiums in Iraqi Kurdistan are to be renovated, and new sports centres will be created, at a total cost of 20 billion Iraqi dinars ($17m), reports AKnews. 4.6 billion Iraqi dinars ($3.9m) will be used to refurbish stadiums in and around Erbil, while 991 million Iraqi dinars ($850,000) will go towards renovating Sulaimaniya stadium; […]
A Belgian-British company has reportedly won a contract from the Ministry of Construction and Housing to build a housing complex for its members in Wasit [Wassit] province. The company, which has not been named, has conducted field investigations for the project, which will include 240 housing units within a number of six-story residential buildings, according […]
Basra Investment Commission has approved a project to build 1857 housing units in the Rabet Kabir area. According to AKnews, the investment is valued at $108 million, while Aswat al-Iraq puts the figure at $250 million. An Iraqi company called Falcon is leading the project. The 90 four-storey buildings will accomodate 1440 flats with an […]
Oil engineering company Lamprell has announced that it has been awarded a contract by Leighton for the fabrication of two topsides and jackets with metering skid and associated piping in connection with the Iraq crude oil export facility reconstruction. The deal is valued at USD 62 million. The works will be performed at Lamprell's Sharjah […]
Baghdad's Provincial Council has started construction on the first industrial city in the Iraqi capital on Saturday, according to a report from AKnews. The council announced its plan last October to build the $250m (291bn IQD) city in Nahrawan district, to the south of Baghdad. The area is being built by the Iraqi company Majd […]
Iraq began pumping oil to the first of five floating terminals in the Gulf on Sunday, according to AFP, and the terminal will be ready for exports in a few days. Prime Minister Nuri al-Maliki symbolically opened the valve of a pipeline that runs 535 kilometres (332 miles) from Iraq's southern oil fields to the […]
Iraq's state-owned General Company for Car Manufacturing has announced its intention to sign a contract with the South Korean Hyundai Company to construct a complete car manufacturing line within 3 years, reports Aswat al-Iraq. The Iraqi company has already built up special car assembly and manufacturing lines in its efforts to expand the stages of […]
AKnews reports that Iraq's policy makers are working on a draft bill for the creation of a real estate board to make it easier for members of the public to build their own houses. Abdul-Hussein Abtan, a member of the acting Economic Committee, said it hopes to allow the construction of thousands of residential units […]
The Basra Investment Commission has approved a $100 million waste plant to be built by Dow Chemical's Kuwait branch, according to AKnews. The company, which already has plants in Kuwait, Saudi Arabia and Qatar, will enter Basra and invest in water purification projects and will consider providing environmental solutions, professional consultation and technical services. Waste […]
