Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
QIG (Quality Investment group) Holding, the main shareholder of Qualco which is one of the fastest growing construction companies in Lebanon, has announced the establishment of Qualtra in Iraq, a new company based in Baghdad and specialising in construction materials. The launch is part of the group's expansion strategy in the Middle East and its […]
There is money to be made in Iraq for companies that wish to invest in correct security measures, according to leading project management specialists Parsons Brinckerhoff. Speaking during the fourth annual Construction Week Conference in Abu Dhabi, the company’s Iraq country manager Jeff Larkin told delegates that security remained a real issue for staff working […]
UAE-based Metito has signed a contract worth 33 billion Iraqi Dinars ($28.3 million) with Al Mustakbal Al Saeed (MSGC) for increasing its provision of potable water across Iraq. MSGC said the contract is for design and construction of Hindiyah water treatment plant located just east of the city of Karbala. The project aims to supply […]
Iraqi government-owned banks and the National Investment Commission (NIC) have signed a memorandum of understanding (MoU) on mechanisms to collect the necessary funds to build residential compounds and offer enough guarantees for investors, according to the Finance Ministry. “Minister of Finance, Baqer al-Zubaydi [Baqir Jabr Al-Zubeidi], chaired a four-hour meeting that dealt with the role […]
Egyptian property developer Arab Contractors Co has unveiled plans to open two branches in Iraq, one in Baghdad and one in Erbil, after a four-year absence from the war-torn country due to unstable security conditions, Al-Masry Al-Youm has reported. "Over the last four years, a good part of the contracting business in Iraq went to […]
A group of Russian companies has been offered the project to build a monorail in Baghdad, according to Aswat al-Iraq. “Baghdad’s Hanging Train [monorail?] project, offered tp Russian companies, is expected to stretch for 25 kms, with a total capacity of 10,000 passengers per hour, through 16 stations, distributed between Baghdad’s two banks of Rusafa […]
Basra's Council approved an energy project worth 288 billion dinars [$246m] on Thursday, a vice president of the Basra council told Aswat al-Iraq news agency. “The council approved during its regular session an energy project to establish four generating units with a production capacity of 400kv (sic) at the al-Najiebiya electricity plant,” Ahmad al-Salieti is […]
Iraq's Industry Ministry has signed a contract with a Chinese company to produce thermal bricks, a spokesperson of the ministry said on Thursday. “The thermal industries company signed a contract with a Chinese company to carry out a project to produce thermal bricks,” Hanaa al-Husseini told Aswat al-Iraq news agency. “The ministry has allocated 25 […]
The Tigris River which bisects Baghdad and several other major Iraqi cities has about one billion cubic meters of polluted materials dumped into it, according to a senior environment expert. Azzaman news agency quotes Kamel al-Saadi, Baghdad Province’s expert on the environment, as saying that pollution was increasing in the river “at an alarming rate” […]
A branch of the Project Management Institute (PMI) in the Arab Gulf was opened in the city of Mosul, to make a qualitative leap in managing projects, Ninewa's governor said on Wednesday. “The PMI opened a branch in the city of Mosul with around 120 engineers and administrators,” Atheel al-Nijiefi said at the 2010 development […]
The deputy director of the Babel Investment Commission said that an Iranian company has been granted an investment licence to build an oil refinery in the province. Abbas al-Tai told AKnews that the Iranian company, IR Haval, will set up the refinery for filtering diesel oil, which is produced in abundance by the Iraqi refineries. […]
The National Investment Commission (NIC) has just announced a string of new tenders to build "central malls, warehouses and free markets in addition to constructing residential buildings" throughout Iraq. Click here to see the full table of projects. Please submit application forms to either the National Investment Commission directly or by e-mail to [email protected] before […]
