Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Iraq's National Investment Commission (NIC) has issued details of a proposed new monorail transport system for the city of Karbala. Project Name: Karbala Monorail General Specifications: Concrete monorail train that goes 6 meters above the medium sideway. Length of the preliminary line: Length of the operating lines: 15 KM The second and third phases to […]
Premier Nouri Al-Maliki announced on Sunday that the number of ministries has become a real burden on the work of the state. "This fact appeared after the 100-day period", he said in a letter sent to parliament. Al-Maliki proposed a two-stage procedure, the first of which will see 29 ministries retained. "So, as a result, […]
To help rebuild and reunite its country, Iraq has embarked on a plan to create a nationwide network of internationally competitive athletic venues. For assistance, the country has turned to the design-build team of Anwar Soura General Contracting Company and 360 Architecture, along with its global team of consultants. The Anwar Soura/360 Architecture team is […]
Bloomberg reports that three former employees of the U.S. Army Corps of Engineers (USACE) have been charged along with two other men with participating in a bribery and kickback scheme involving more than $50 million in Iraqi contracts. The indictment unsealed on Thursday in federal court in Newark, New Jersey, [U.S. v. Markus, 11-cr-366, U.S. […]
Baghdad Governorate inaugurated a new water project on Thursday, reports Aswat al-Iraq. The Zuhoor water project in the Husainiyah area of Baghdad, has a production capacity of 800,000 cubic meters per hour, and a cost of 5 billion Iraqi dinars [4 million dollars], according to a statement issued by the Governor's office. The project will […]
Shell and Mitsubishi signed a final draft agreement with Iraq on Tuesday for a deal worth between $12 billion and $17 billion to capture flared gas at the southern oilfields. The long-awaited deal still needs the approval of Iraq's cabinet, Oil Minister Abdul-Kareem Luaibi [Elaibi] said in a statement. The Iraqi government will hold 51 […]
Speech by the Special Representative of the Secretary-General for Iraq, Ad Melkert, on the World Population Day. Today is a welcome occasion to highlight the new stage that Iraq has embarked upon after so many years of suffering and devastation. It is the stage of substituting the confrontation of the past for cooperation towards a […]
Iraq and partners Shell and Petronas awarded a contract worth more than $60 million [72 billion Iraqi dinars] to Turkish firm Enka to install and operate two production facilities at the Majnoon oilfield, according to a report from Reuters. The construction and energy company will also install two crude storage tanks and four pumping units […]
The Karbala Investment Commission laid the cornerstone for four housing developments valued at a total of $850 million [1 trillion Iraqi dinars], and consisting of about 11.000 housing units, Media Director Raed al-Asali told Aswat al-Iraq: The first project will be carried out by a Chinese company to erect 1,300 housing units in Hur area, […]
As part of its visit to Lebanon, the delegation of the Iraqi banking sector, which includes 22 officials from the Central Bank of Iraq and Iraqi banks as well as some members of the project and financial development project in Iraq, visited the Association of Banks in Lebanon on Thursday 7 July at 11:30. BDL […]
Iraq's National Investment Commission (NIC) presented investment opportunities in 16 key economic sectors to a formal gathering of around 170 Iranian firms and businessmen on Wednesday in Baghdad. The sectors proposed include Iraq’s infrastructure, industry, agriculture, communications and transportation. Sami al-Araji (pictured), head of the NIC, told reporters at a press conference in the Baghdad […]
AKnews reports that the German energy firm MBH has landed a $625 million contract to build five 100-MW power plants in Nineveh province. The Iraqi electricity ministry announced the deal on Wednesday, saying that the project is expected to be completed in 21 months. The establishment of the plants is part of the government’s plan […]
