Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Telegraph reports that nine palaces inside a lakeside complex featuring moulded ceilings, a Saddam Hussein mural and a former prison cell are among the properties to be vacated by US troops at the end of this year. The US military has been headquartered in the complex near Baghdad International Airport since it reached Baghdad […]
A conference against child labor began in Dohuk on Sunday. According to the report from Aknews, the event is hosted by an organization called Nubahar, an NGO that fights child labor. “The findings of the conference will be sent to related committees in the Kurdish parliament and to the Ministry of Labor and Social Affairs”, […]
Gas Filling Company announces a new tender for supplying a body plate for L.P.G Cylinder. Manufacturer companies & their approved agents companies only who are interested in participating in this tender can refer to Gas Filling Company in Baghdad-Taji to purchase a copy of the tender document after announcement in the official newspapers against (250 […]
Iraq is open for business, and American companies should make an effort to invest there, Secretary of State Hillary Clinton (pictured) has said, according to a report from CNN. The Secretary was addressing the Business Forum Promoting Commercial Opportunities in Iraq, which included executives from companies as far-ranging as Occidental Petroleum, JP Morgan Chase, General […]
Construction has commenced on the 12-storey, $100m [120 billion Iraqi dinar] Al Rawdatain five-storey hotel in Karbala in Iraq, reports Range Hospitality CEO Munaf Ali. “The water table in Karbala is very high, which means you dig about 1m down and you hit water, so it is a long and lengthy dewatering process. "Currently there […]
The discovery of two fake contracts in which officials from Baghdad municipality were involved has shed new light on the extent of corruption in the country, according to a report from Azzaman. The municipality claims that two of its senior officials were involving in doctoring two $164 million contracts for the construction of sports stadiums […]
The Kurdistan Regional Government (KRG) Head of the Department of Foreign Relations, Falah Mustafa Bakir, welcomed members from the British All-Party Parliamentary Group (APPG) on the Kurdistan Region. The visit to the Department of Foreign Relations was part of a larger trip to the Kurdistan Region by the Parliamentary Group to meet political leaders and […]
Shares in Hill International (NYSE:HIL) jumped 59% on Thursday following the company's announcement that it has received a contract from TRAC Development Group, a South Korean real estate developer, to provide project management and construction management services in connection with a major housing development in Iraq. In addition, Hill's majority-owned subsidiary HillStone International, LLC has […]
The Iraqi government has allocated $2 billion [2.4 trillion Iraqi dinars] to build low cost housing for ‘limited income families’, the country’s Minister of Reconstruction and Housing, Mohammed Al Daraji, said during a press conference Baghdad.. The project should begin in 2012, provided that the Iraqi Cabinet determines the distribution mechanism. The minister said that […]
Iraq signed an agreement with the Korea Gas Corporation (KOGAS) to begin developing the Akkas natural-gas field, an Oil Ministry official said, ending seven months of delays in progress at one of the country’s biggest deposits of the fuel. Representatives of KOGAS and Iraq's Ministry of Oil signed the contract on Wednesday in a ceremony […]
Iraq's trade ministry has cancelled direct cash purchases of essential food items, such as sugar, wheat and rice, in a move to help prevent corruption, according to a report from Reuters. The change was announced as a 100-day target set by Prime Minister Nuri al-Maliki to improve his fragile coalition government's performance in the face […]
The potential business opportunities in the reconstruction of Iraq are very significant, especially for the construction industry. In this interview with Phil Blizzard, at MEED's Arabian World Construction Summit, the procedures for conducting business in Iraq are highlighted by Thomas Donovan, Managing Partner, IRAQ Law Alliance, who states that these procedures do vary between the […]
