Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Iranian Deputy Energy Minister Mohammad Behzad (pictured) has said the Iranian-built Al Sadr power-plant in Iraq is an important project which is now ready to come on stream. IRINN quoted the minister as saying that the first unit of this 324 MW plant has been completed and is waiting for its fuel supply, and […]
The Financial Times reports that Iraq is an increasingly popular destination for British construction firms, with the International Monetary Fund (IMF) forecasting a rise in GDP of 6.75 per cent during 2011. A project manager at one construction company bidding for work in Baghdad, says: “For the very bravehearted among us there is a huge […]
An al-Iraqiya deputy said on Wednesday that MPs from Karbala proposed two infrastructure projects worth a total of $86 million [100 billion Iraqi dinars] during the 33rd parliamentary session. Abdul Mahdi al-Khafaji told AKnews that the deputies proposed the reconstruction of two roads and the entrances to the holy city of Karbala which receives millions […]
Iraq has bought a total of 350,000 tonnes of wheat from Australia and the United States in its latest tender, a spokesman for the Iraqi Grain Board said this week. "With this quantity, we'll be able to meet the ration requirements for March, April and May," Amer Abdul-Aziz said. Iraq is one of the world's […]
Dubai contractor Drake & Scull International is eyeing project tenders in Iraq in the second half of 2011 as it looks to break into new markets and diversify its income. Drake, whose biggest market is Saudi Arabia, is also keeping a close eye on political unrest in Egypt, where it is bidding for $200-300m worth […]
By Tariq Abdell, Iraq's political risk analyst, and Founder & CEO of Mesopotamia Insight. The opinions expressed here are those of the author, and do not necessarily reflect the views of Iraq Business News. As Iraq-business news celebrates its one year anniversary, MENA region is witnessing a fundamental political upheavals and changes, costing Mubarak of […]
The urgent need for housing in Iraq is clear for all to see, with one government estimate putting the demand as high as 2.5 million new units by 2015, but who are the people who will supply that demand? Iraq Business News recently had the pleasure of interviewing one of the main players in Iraq's […]
The Najaf Investment Commission approved 17 investment licences to build a total of 19,000 houses in Najaf at a cost of $1.9 billion, according to the chairman of the commission, Wafi al-Bahash. Aswat al-Iraq reports that the Commission has recently approved more than 125 licenses in all fields, including 17 to Iraqi and foreign companies […]
AKnews reports that an Australian company has started construction on a new 400-bed hospital in Qadisiya. The five-story hospital, costing about $135 million, will be built on an area of 6,648 square meters by the Australian Construction Company (ACA) over a period of 33 months in the provincial capital, Diwaniyah. The hospital is divided into […]
Iraq bought 300,000 metric tons of wheat from Australia and the U.S. last week, Reuters reports, citing traders in the Middle East. Iraq purchased 250,000 tons of the grain grown in Australia and 50,000 tons of U.S. wheat, according to the report. The government issued another tender for 100,000 tons yesterday. Traders expected Iraq to […]
Following a successful and high-profile stint as France's Ambassador to Baghdad, Boris Boillon is being transferred to Tunisia. The Algerian-born Boillon has been very active in promoting the business and cultural relationship between France and Iraq, and Iraq Business News has recently reported on France's many successes in the country. At 41, Boillon is France's […]
On Thursday, Salah al-Din’s [Salahadin] deputy governor laid the foundation stone for the largest housing compound in the city of Tikrit. Valued at about $238 million [286 trillion Iraqi dinars], the project is being built by a Jordanian company, an official said. “Ahmed Abduljabbar al-Kareem laid the foundation stone for the project in the area […]
