Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Basra Council has formed a committee to monitor progress of the building work on Basra's new Sports City, which is hoped to host the 21st Gulf Cup of Nations soccer tournament in 2013. The media director of the council, Hashem Liyabi, told AKnews, that the decision came after getting the official approval to hold the […]
The Iraqi government has asked for bids to build four large power plants in southern Iraqi governorates that could boost its power generating capacity by 2,750 megawatts, a spokesman for the electricity ministry, Mussab al-Mudaris, said on Monday. "The ministry will announce provisions of new tenders to build four gas power stations during a roadshow […]
The Swedish Embassy in Iraq has announced that Scania trucks will open a regional branch in Basra. Another Swedish company specialising in building power stations will also open an office n the province. Iraq Business News expects the company in question is ABB. The regional government said it was ready to offer all necessary facilities […]
U.S. Army Corps of Engineers Gulf Region District soldiers and civilians help the people of Iraq everyday through the construction of quality hospitals, schools, water treatment facilities, security facilities and infrastructure projects. But, recently, the USACE Southern Area Office (SAO) implemented a program that will help the Iraqi’s in a different way – by providing […]
U.S. investors and other foreign companies continue to shy away from investing in Afghanistan and Iraq because of security and infrastructure problems as well as government corruption, a critical shortcoming in the two countries' efforts to grow their economies and increase stability. "Security is essential to economic and business development," said Ethan B. Kapstein, a […]
According to a report from Reuters, Turkish clothing and beer are hot sellers in the streets of Erbil, the capital of Iraq's Kurdish north, while in the South, Iranian cars roam the streets of Basra and Iranian pilgrims flock to Iraq's holy sites. Sunni Ankara and Shi'ite Tehran, old rivals turned friends, are vying for […]
A multi-billion-dollar gas deal between Iraq and Royal Dutch Shell will be presented for ratification to the new cabinet once it has been formed, Iraq's Oil Minister said. "We are still negotiating the contract," Hussain Al Shahristani said after a graduation ceremony for the oil police, according to a report from Trade Arabia. The $12 […]
Azzaman reports that the Iraqi government has earmarked $10 billion for the redevelopment of the low-income township, Sadr City, in Baghdad. The project, which will take 10 years to be completed is one of the largest housing schemes in the Middle East, according to Baghdad Mayor Saber al-Aysawi. Aysawi said the huge project will solve […]
A total of 170 projects have been implemented in Maysan [Missan] at a cost of 85 billion dinars [$73m] during 2010, according to a director of the financial department of the Maysan Council. “Missan has implemented 170 projects in the public sector, health and education sectors at a cost of 85.520 billion dinars,” Abd Ali […]
The first of three new refineries in Iraq’s northern Kurdistan is expected to start selling petrol for the first time next week. The 98-octane gasoline will be sold to petrol stations in the semi-autonomous region, Ali Hussein Ballo, a consultant at the natural resources ministry said in a telephone interview with Bloomberg. The Khabat refinery, […]
An Iraqi company has won an investment license to build a residential compound in Muthanna, an official of the Muthanna Investment Commission said on Wednesday. “The MIC has granted an investment license to an Iraqi company to build a compound, consisting of 792 apartments, in Muthanna on an area of 65 donums [16 hectares]”, Ali […]
Ayad Allawi has reportedly threatened to quit the power-sharing government according to an interview with Britain's Times newspaper on Tuesday. "Power-sharing is not happening," Allawi said. "It is not set to work in a meaningful way... If it does not change, I will not participate." Despite his Iraqiya block narrowly winning elections in March, Allawi […]
