Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
A $733 million [880 billion Iraqi dinar] contract for Leighton Holdings to construct enhanced crude oil facilities in southern Iraq has been met with support from Australia's Export Finance and Insurance Corporation (EFIC). The EFIC has provided two performance bonds worth $US36.7 million to Leighton Holdings subsidiary Leighton Offshore under a bonding line provided to […]
Diwaniya council has signed memorandums of understanding with two international companies to implement a number of projects in the province, according to the Aswat al-Iraq news agency. "Chairman of the council, Jubeir al-Juburi, signed memorandums of understanding with a representative of a Korean company to build huge oil-fueled generators," said Muayad al-Ansari, a media advisor […]
Arabian Reach, the UAE-based company specialising in exhibitions and events management across the region, has announced the launch of the Iraq Airports, Aviation and Logistics Consortium (IAALC) to further boost Iraq's growing logistics, freight and transportation sectors, which is seeing infrastructure investments to the tune of $50bn. As part of its operations, IAALC will be […]
Following the success of the first Iraq Mega Projects conference last year, which offered access to high level decision-makers of Iraq's Mega Projects, CWC today announced dates for the second conference which takes place in Istanbul, Turkey on 18-20 October 2011. Major changes happened in 2010 with hundreds of contracts signed allowing work to begin […]
Iraq spent $450 million [540 billion Iraqi dinars] in preparation for the Arab League Summit, which has now been postponed for a year. The money was spent planting palm trees along highways, re-paving roads and restoring a palace of former dictator Saddam Hussein, according to a report from Reuters. Arab League Secretary-General Amr Moussa said […]
A member of Iraq's Integrity Committee, Aliya Nassif confirmed on Wednesday that the committee is investigating possible financial corruption in a deal by the previous government's Defense Ministry to buy military equipment from Serbia. Nassif told AKnews that the Ministry of Defense in the former government had contracted with Serbia to buy arms for the […]
Iran's Mahshahar, a specialist oil pipe manufacturer, is in talks with Basra Investment Commission to build a factory and warehouses in Basra to provide the Iraqi State Oil Company with custom-made oil pipes. Head of the commission, Haidar Ali Fadhil, told NINA that the Iranian firm had discussed building the factory and the warehouses to international […]
North Gas Company announces the below tenders: - Quotation for the supply of complete Z configuration skid with two proper size custody transfer gas turbine meter with metric local. -Quotation for Helium Gas (HE) Carrier Grade purity 99.999% -Quotation for the supply of spares for H2S online analyzer series 1200 manuf "analytical systems Keco" -Quotation […]
Iraqi Drilling Company invited to bid for supplying integral equipments for cementing units in accordance with the conditions & specifications , which can be obtained from the purchasing department, IDC Headquarters in Baghdad. The bidder will pay Three Hundred Thousand Iraqi Dinars for the tender documents. Iraqi Drilling Company will not be obliged upon accepting lower […]
By the end of next month, the Central Bank of Iraq (CBI) is requiring all private-sector banks to increase capital to IQD 100 bn. The banks were originally supposed to have reached this target by the end of last year but so few could have managed it that the CBI had to give them an […]
Iraqi minister for reconstruction and housing said throughout 2011 some seven housing projects will be constructed in seven Iraqi provinces. AKnews reports that the flats will be allocated to 12,600 families in installments. Mohammed Daraji told AKnews on Thursday that the Iraqi Prime Minister Nouri al-Maliki has ordered the creation of the units in Kirkuk, […]
The province of Wassit [Wasit] has blacklisted 19 general contracting companies for their slackness in implementign project, the province's governor announced on Thursday. “Nineteen were blacklisted and five of them had their licenses withdrawn for their delay in carrying out service projects,” Mahdi al-Zubaydi told Aswat al-Iraq news agency. He noted that the local administration […]
