Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Iraqi cabinet has approved the establishment of five industrial cities in various Iraqi provinces, with the intention of strengthening local industry and reducing the need for imports. Iraqi government adviser Salam al-Quraishi told Mawtani: ''The government has agreed to the proposal in view of its vital importance for Iraq, from an industrial point of […]
Heavy fighting in Falluja, poor planning, unrealistic cost estimates, and inadequate funding led to significant cost-overruns and delays in constructing the city’s new wastewater treatment system, according to a new report from the Special Inspector General for Iraq Reconstruction (SIGIR). After seven years and the expenditure of over $100 million dollars, the backbone of a […]
French engineering group Alstom has been awarded a contract to build an electrical power plant worth $550 million in Iraq, reports Reuters. The award of the Mansuriyah plant contract was announced as part of a visit to Iraq by French Trade Minister Pierre Lellouche. "The Iraqi Deputy Prime Minister confirmed ... the award of the […]
Anglo-Arab Insurance Brokers (AAIB), the leading specialist insurer for Iraq Insurance, emerging and high risk countries across the Middle East and Africa, has announced the appointment of Mr Mekki R. Mustafa as its Senior Consultant in Iraq. The appointment will consolidate AAIB’s position in Iraq, where it is already the largest international insurance broker licensed […]
In our ongoing efforts to brings you all the best information on doing business in Iraq, we continue to add to the list of reports available from our reports service. This week we've added two reports on energy exploration and electricity generation: Oil and Gas Exploration and Production Outlook in Iraq to 2015, an essential […]
In an interview with Bloomberg, the new CEO of the Abu Dhabi National Energy Company (TAQA) said the state-run company looking at more opportunities in Iraq, and aims to exploit the synergy in its oil, gas and power businesses. Last week the company agreed to invest $46 million in WesternZagros Resources, acquiring a 19.9 percent […]
Senior executives and industry experts gathered at the three day conference and seminar Iraq Mega Projects 2011 hosted by The CWC Group at the Ritz Carlton, Istanbul between the 18-20 October 2011. Focusing on the recent developments of Iraq’s oil and gas fields, water projects drilling activates, infrastructure growth and corporate social responsibility the event […]
Subsea excavation specialists Marin Group recently played a key role in clearing unexploded ordnance from the route of three new pipelines crucial to Iraq's future oil exports, according to an article in Maritime Journal. Operating company Marin Subsea Ltd was contracted by UK based Maritime and Underwater Security Consultants (MUSC), which had been awarded overall […]
Unique System FZE, a Unique Maritime Group company, has recently been awarded a $5.2m contract to supply a 12 MAN ABS Classed saturation system and 3 air diving systems for the Leighton Offshore diving project, based in the Middle East. Unique Maritime Group will provide their 12 MAN ABS Classed saturation system, complete with SPHL […]
In its Interim Management Statement on Friday, covering the period from 1 July 2011, Aggreko plc said that it had recently signed its first sizeable contract with an industrial company in Iraq. According to Bloomberg, it will provide 40 megawatts of power in Basra. The company, a world leader in the supply of temporary power […]
Abu Dhabi-based developer Al Maabar has said a $10bn deal that was announced three years ago to build thousands of homes in Iraq has not yet been finalised, The National has reported. "When you have [a] big deal like that, you need to make sure all the terms and conditions are in place," said Al […]
Dow Jones reports that Iraq has agreed with oil majors to build a multi-billion-dollar oil field water injection plant in the south of the country, after disagreement over costs that suspended the project for months. The water injection project aims to provide water to maintain reservoir pressure to fields such as Rumaila, West Qurna Phase […]
