Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
Iraq's Minister for Transport has said a tender to build an airport in the Middle Euphrates region is expected to be floated in October. According to Reuters, he could not give an estimated cost for the project, which will be located between the holy Shi'ite southern cities of Najaf and Kerbala, but other sources estimate […]
Reuters, quoting Iraq's Minister for Transport, reports that a tender will be issued by the end of this year for the building of the multibillion-dollar 'Grand Faw' port south of Basra. Talks are ongoing with investors from Australia, France, Germany, Italy and the UAE to help finance the project. After a presentation of the project's […]
[Update: The National Investment Commission (NIC) has issued a statement on 22nd March 2011 on behalf of the Chairman of the Nineveh Investment Commission, denying these reports of contracts signed with South Korean companies.] The Chairman of the Nineveh Investment Commission said on Wednesday that it has signed investment contracts with 20 South Korean companies […]
In an official ceremony, the Head of the Kurdistan Regional Government (KRG) Department of Foreign Relations Falah Mustafa Bakir and the Chief of Staff to the President of the Kurdistan Region Fuad Hussein opened the new representative office of the KRG in France. During his speech, Mr Bakir noted the importance of this step in […]
