Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
These two reports date from December 2009, but are still worth reading by anyone who is interested in the investment climate in the country. Iraq Business News has been in contact with the National Investment Commission (NIC) regarding updates to these reports, and we will keep our readers informed as soon as new documents are […]
3.8 billion Iraqi dinars [$3.2 million] has been allocated to a number of service projects in Erbil, its Governor, Nawzad Hadi, said on Saturday. “A local contracting company embarked on works to pave 22-km-long roads in Arbil al-Jadida area, eastern Erbil, at a cost of 1.3 billion dinars, earmarked from the Provincial Development Budget for […]
Heritage Oil Plc (LSE: HOIL), the independent upstream exploration and production company, has announced that it is hosting an investor day on Saturday in Erbil, Kurdistan Region of Iraq ("Kurdistan"). The purpose of the day is to provide attendees with more detail on the Company's operations and strategy in Kurdistan and a presentation will be […]
A confidante of Prime Minister Nouri al-Maliki claims there will be a shake-up in the oil and energy portfolio when the new cabinet positions are announced. According to Iraq Oil Report, Hussain al-Shahristani will move from his current position as Minister for Oil and Acting Minister for Electricity, into a newly-created Deputy Prime Minister role […]
The Japanese International Cooperation Agency (JICA) has allocated US$600 million [700 billion Iraqi dinars] for service projects in northern Iraq’s Kurdistan Region, according to Aswat al-Iraq. The media director of the Region’s Planning Ministry, Adnan Haji Kaka, told the agency on Wednesday that, "Kurdistan’s Planning Minister, Ali Sindi, has discussed with JICA’s Chairman, Aquari Satochi […]
Lafarge, the world’s biggest cement maker, plans to increase its annual capacity in Iraq by 2 million tons by 2013 as the country rebuilds homes and infrastructure destroyed by war, according to a report from Bloomberg. Lafarge currently has capacity of 6 million tons a year across three plants and is producing 4 million tons, […]
A Kuwaiti company received two investment licenses in Muthanna, according to a media source at the Muthanna Investment Commission, quoted by Aswat al-Iraq. “Kuwait’s al-Mahamed company received two investment licenses to implement a residential compound, which contains 2,000 apartments, in addition to the establishment of a cement factory in the Badiya al-Samawa region,” Ali Hanoun […]
Iraq’s housing fund is falling short of its goals and will struggle to raise fresh capital after spending more than two-thirds of its budget, its director said in an interview with Bloomberg. The fund, which started in 2005 with 300 billion Iraqi dinars ($257 million), has spent 210 billion dinars building 14,000 homes in Iraq, […]
The Middle East Association will be leading its ninth trade mission to Iraqi Kurdistan in Spring 2011. This will be held from 27th Feb until 4th March, with the possibility of extending a stay to coincide with the Erbil Building Exhibition (3rd - 6th March). Kurdistan is an important emerging market, and the mission will […]
A housing project called Ayn al-Iraq, consisting of 20,000 residential units at a total cost of $2 billion, was announced during a ceremony at the Ninewa International Hotel in Mosul city, according to a report from Aswat al-Iraq. “The mega project is being implemented by 57 Iraqi and foreign companies at a cost of $2 […]
Bloomberg reports that Iraq plans to start work in the next three weeks on offshore oil facilities in the southern part of the country, where export capacity is due to more than double by mid-2012. Export capacity will rise to 4.5 million barrels a day by mid-2012 from the existing capacity of 1.8 million barrels […]
The Iraqi Minister of Planning and cooperative Development said on Sunday that delays in reconstruction projects in the country are due to the re-sale of projects to subcontractors. Minister Ali Baban told AKnews that the re-sale system of secondary projects had a negative impact on the reconstruction of the country and that it would require […]
