Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Germany's Ambassador to Iraq, Karl George Christian, announced an investment conference in Basra to be held in mid-April, and said that German companies are keen to establish a presence in the southern Iraqi province in the fields of construction, oil and manufacturing. At the head of Basra provincial council, Jabbar Amin Jaber, told AKnews that […]
Iraq received 52,500 metric tons of wheat and 41,109 tons of rice from U.S. suppliers, Hassan Ismail Ibrahim, director general of the Grain Board of Iraq, said. Two ships delivered the wheat and rice at the southern port of Umm Qasr, Ibrahim said in an e-mailed statement. The board last month signed 12 contracts to […]
Bloomberg reports that Iraq will sign a contract with Arab investors next month for a $15 billion [18 trillion Iraqi dinars] housing project . One investor from the United Arab Emirates and another group of companies from the U.A.E. and Kuwait are the finalists in the bidding process, Saber al-Issawi, the governor of Baghdad, said […]
In a move that could increase tensions over water supplies, the Kurdistan region's minister for agriculture has announced that the Region is building 11 dams and plan dozens more. "There are 11 dams now under construction," Jameel Sulaiman told AFP. "We have studies and designs to build 28 more," he added. He said that the […]
Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, has positioned itself for further project opportunities in Iraq. In its annual report, issued this morning, the company said: "One area, where we see significant outlook for both capex and opex contracts is in Iraq. During the period Kentz took a 49% […]
Iraq's Industry Minister, Ahmad Nasser al-Karbouli [Ahmed Nassar Dali al-Karbouli, Ahmad Nader Dali], unveiled a plan on Tuesday to assemble nine brands of vehicles in Iraq. "The Industry Ministry has a plan to sign eight agreements to assemble vehicles of different brands, including Hyundai and Cherry, in addition to manufacturing car batteries and tires," al-Karbouli […]
Karbala has allocated 70 billion Iraqi dinars [$60 million] from the 2011 budget to improve the electrical grid and road system in the province. The President of the provincial council in Karbala said that the Council decided to allocate 70 billion dinars from the budget for the sectors of electricity and roads from a total […]
The spokesman of the Iraqi Oil Ministry said on Sunday that the ministry is working to complete the preparations for the fourth oil licensing round. Assem Jihad told AKnews that the fourth round of licences will include the provinces of Najaf, Karbala, Samawa, Diwaniya and Anbar, which were not included in the previous rounds. "The […]
SeaEnergy, the Aberdeen, Scotland-based offshore wind development company formerly known as Ramco Energy, has increased its stake in the Mesopotamia Petroleum Company (MPC). The company currently owns 32.7% of MPC, an oil and gas firm concentrating on Iraq. In 2009, UK-based MPC agreed a £277m joint venture to drill for oil in Iraq, but it […]
The office of the Lord-Mayor of Baghdad has announced on Tuesday the signing of a contract with two companies to implement the largest sewerage project in the Iraqi capital, at a total cost of 68 billion (b) Iraqi dinars [$58 million]. Aswat al-Iraq news agency reports that the contracts would serve 17 housing districts in […]
Two hydro-electric plants in Sulaimaniya province of Iraqi Kurdistan are being renovated at a cost of $40 million [48 billion Iraqi dinars], according to a report from AKnews. Sirwan Mohammed Mahmoud, the media and relations director at Sulaimaniya electricity office, told the agency that the budget to renovate Darbanikhan (pictured) and Dokan dams comes from […]
The Romanian company Delta ACM won a contract in Iraq for a 20.6 km long section of Erbil-Koya highway. The value of the contract is $66.7 million, says Florea Diaconu, the owner and president of Delta. “The works will be in the Iraqi Kurdistan area", he said. Ten other companies competed for the tender and […]
