Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The governor of Basra has laid the foundation stone for a new 120-room hotel in the city. The new hotel, which will have 7 floors and will include two restaurants, will be built at a cost of $14 million [17 billion Iraqi dinars] on a site covering 3.5 acres. According to the Basra Investment Commission, […]
The Ministry of Construction and Housing is to build a highway linking Baghdad with Turkey, according to a report from Azzaman. The 508 km road is to be financed by the International Monetary Fund (IMF). “This project is a challenge to the ministry since it assumes great economic significance for the country,” the ministry quoted […]
Due to the lack of investment in developing Iraq’s oil sector during the old regime, pipelines lack capacity and are corroded, ports need redeveloping, refineries need to be upgraded to increase supply, mines cleared, power supply is irregular and an increase in water supply is crucial. Iraq has the fourth largest oil reserves in the […]
The Iraqi Transport Ministry said on Wednesday that the designs for Grand al-Faw port will be ready in less than a year. AKnews reports that the statements said that all the necessary preparations have been made to initiate the construction of the port including the financial allocations and the technical and engineering staffing. Iraq announced […]
Reuters reports on Wednesday that Iraq has awarded a $472 million contract for an oil export facility expansion and sub-sea pipeline to the Italian group Saipem, a subsidiary of oil group Eni. Saipem will build a single point mooring buoy (SPM) with an export capacity of 900,000 barrels per day and construct a 50-kilometre pipeline […]
The following article was published by Reidar Visser, an historian of Iraq educated at the University of Oxford and currently based at the Norwegian Institute of International Affairs. It is reproduced 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. […]
Al-Iraqiya television has reported that Iraq is threatening to take the case of Kuwait's Mubarak al-Kabir Port to the United Nations if the harbour violates its maritime rights. An Iraqi Technical Delegation, led by the government’s Advisor, Thamer al-Ghadban, reportedly arrived in Kuwait on Sunday for a 2-day official visit. Bloomberg reports that Prime Minister […]
A Jordanian transport company said on Sunday that it won the 'technical side' of a bid to transport 10,000 tons of fuel oil from Iraq to Jordan every day, within an agreement signed between the neighbouring countrries in 2006, according to the KUNA news agency. Abdussalam Al-Theyabat, owner of the Theyabat Transport and Trading corporation, […]
This article was written by Abeer Mohammed, and was originally published by the Institute for War and Peace Reporting, iwpr.net. It is reproduced by Iraq Business News with permission. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq may face a major housing crisis […]
Since the start of the year, the Kurdistan Ministry of Planning has blacklisted seven local companies, an official said on Tuesday, according to AKnews. Ayyub Galali, head of companies classification at the ministry, told the agency that housing companies in the three provinces of Erbil, Sulaimaniya and Dohuk, have been penalized for shortcomings in their […]
Najaf Provincial Council has made a preliminary agreement with a Chinese company for it to build a power station, the head of the energy committee in Najaf told AKnews. He said the $79 million [95 billion Iraqi dinars] oil-fired station will have a capacity of 100 megawatts. According to AKnews, the agreement came after the […]
The Iraqi Trade Ministry said Wednesday that the value of trade with Iran, discounting oil activities, has hit $4 billion [4.8 trillion Iraqi dinars] this year so far, according to a report from AKnews. The Director General of Foreign Economic Relations at the ministry, Hashem Hatem, told the agency that the Ministry is seeking to […]
