Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The UK's former prime minister, the Rt Hon Sir John Major KG CH, addressed the Kurdistan National Assembly on Sunday 29th May. The full text of his address is provided below: I am immensely grateful to President Barzani for his kind invitation for me to visit Kurdistan. His invitation was issued a long time ago […]
Teh Arab Times reports that Kuwait is ready to sign an agreement with Iraq to guarantee that the Mubarak Al-Kabeer port project will not hinder the construction of Iraq's Grand Faw port. According to the Director of Information at the Iraqi Ministry of Foreign Affairs, Aous Al-Tamimi, the Iraqi Minister of State for Foreign Affairs […]
KOGAS, the Korea Gas Corporation, will double its commitment to develop Iraq's Akkas gas field, according to a report from the Wall Street Journal. The move follows the withdrawal of its partner, Kazakhstan state gas company KazMunaiGas, from the project. Kogas, will now have a 75% stake in one of Iraq's largest gas projects, up […]
A delegation from the German company Liebherr visited the Basra Investment Commission (BIC) and discussed available investment opportunities and advantages provided by the Iraqi Investment Law to the investor, in addition to the support for the industrial projects in Basra. The delegation presented a project to build a maintenance center, training center, laboratory and factory, […]
The UK's Foreign Office Minister, Lord Howell, addressed the Iraq-British Business Council (IBBC) on 24 May: It is a pleasure to address you today here at the IBBC’s Iraq Day Summit Conference. The IBBC’s commitment to Iraq is much welcomed by this Government. The UK Government continues to develop a strong and supportive bilateral relationship […]
Statement by the Special Representative of the Secretary General, Ad Melkert, at the National Conference of Economic, Social and Government Stakeholders: Your Excellency the Speaker of the Council of Representatives, Usama al-Najaifi; Ministers, Ambassadors, Distinguished Visitors. It is my honour to have the opportunity to address such a diverse cross-section of Iraqi citizens: from government, […]
The Iraqi National Investment Commission (NIC) signed a $7.25 billion deal to build one hundred thousand housing units as a complete neighborhood East of Baghdad. The signing ceremony with Hanwha Engineering & Construction, one of the largest engineering and construction companies in South Korea, took place at the Iraqi Prime Minister's Office Nouri Al-Maliki this […]
Basra council decided this week to renovate and upgrade Basra International Airport as part of preparation to host the Gulf Cup in 2013, reports AKnews. The airport is Iraq's second biggest. Jabbar Amin Jaber, Basra Council chairman, said: “More than $100 million (116.5 billion Dinars) were allocated to begin the construction within the next couple of […]
It is a story that could fit in the national newspapers of any country in the world: "central government projects delayed". Yet Iraq seems determined to do something about the delays to these development projects, reports AKnews, as the government is voluntarily giving up central control to local councils to oversee the projects' completion, after […]
Tony Blair's former political strategist, John McTernan, has said that, since the UK's troops are leaving, "our businesses should head there." The last 100 UK troops, who were training domestic forces, pull out on Sunday. Writing for The Telegraph, he stated about the Iraq War: "The first thing to be noted is that our intervention […]
The next city to get some surgery to help restore Iraq's former glory is Najaf, a city of more than half a million inhabitants about 160km south of Baghdad, and home to the religiously important Imam Ali Shrine. Work on the historic center should begin soon and is expected to be completed on time for […]
Swedish truck maker Scania will open a branch in Karbala, its fourth brance after Baghdad, Erbil and a planned third in Basra. On Wednesday, Scania signed a contract with the Iraqi company al-Raw’aa regarding cooperation on this project. Swedish ambassador Karl Magnus said, “This will open a new door for Swedish companies to enter Iraq.” […]
