Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
DNO can confirm that export production tests at the Tawke oil field in the Kurdistan Region of Iraq commenced on 2 February. At present, the tested volumes are around 10,000 bopd. The technical tests are being conducted in close coordination with the Kurdistan Regional Government and the Northern Oil Company to ensure a responsible and […]
Infrastructure continues to be the key focus of reconstruction efforts in Iraq, as the country grapples with electricity shortages, a scarcity of housing and insufficient transport links. In BMI’s view, improving core economic social infrastructure provision should help place the country on the path to economic normalcy. The key areas of focus continue to be: […]
The Undersecretary of the Iraqi Trade Ministry has stated that a new mechanism has been adopted to address the crisis in the distribution of the ration card items, especially with regard to facilitating the contracting process between them and the importing companies. Walid al-Helo told AKnews that the Ministry will work to facilitate the process […]
