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 […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Shell, Mitsubishi, Sign Iraqi Gas Capture Agreement
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 […]
Tags: Basra Gas Company, BGC, Electricity In Iraq, flaring, gas capture, gas gathering, Mitsubishi, Rumaila, Shell, South Gas Company, West Qurna Oilfield News, Zubair
UN's Ad Melkert on World Population Day
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 […]
Turkey's Enka Wins $60m Majnoon Deal
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 […]
$850m Housing Projects for Karbala
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, […]
Iraqi Banking Delegation Meets Lebanese Bankers
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 […]
Iraqi Conference Promotes Iranian Investment
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 […]
German Company Lands $625m Iraq Power Contract
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 […]
Minister Calls on Kuwait to Stop Work on Megaport
Iraqi Transportation Minister Hadi al-Amari (pictured) said on Wednesday that neighbouring Kuwait must stop work on its Mubarak port project because it will block Iraqi access to shipping lanes, according to a report from AFP. “The construction of this port ... demonstrates the clear intention of Kuwait to block shipping lanes from Iraqi ports and […]
Iraqi Economy Suffers from Lack of Trained Managers
The Iraqi economy is suffering due to a lack of properly trained managers, an Iraqi business leader said on Monday. The head of the Iraqi businessmen federation in Basra, Sabih Habib al-Hashemi, told AKnews that the management situation means that Iraq's resources are not being properly exploited. "Most of the economic issues in the country […]
Tags: education
Alstom Grid Wins Major Iraq Contract
Alstom Grid has been awarded a €80 million contract from Calik Energy [Calik Enerji], a leading Turkish energy company, for the supply of electrical transmission equipment to be installed in two power plants being built in Iraq by Calik Energy. This contract is considered the largest one to date for Alstom Grid in Iraq. The […]
Baghdad Metro Project Suspended
A project to build a 22km urban rail network in the Iraqi capital has been put on hold due to a lack of funds, an advisor to the Transport Ministry said on Tuesday. Karim Nouri told AKnews that the cost of the project exceeds this year’s federal budget allocation. The 14-station metro line was intended […]