Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The Chairman of the National Investment Commission, Dr. Sami Al- Araji, announced that 125 companies of various nationalities have submitted offers to implement the 'One Million Housing Units' project [National Housing Project] throughout Iraq, and says that 35 companies from that list will be chosen. Dr. Araji explained that the project will be built on […]
The Central Bank of Iraq has instructed private banks to raise at least $7 billion in fresh capital over the next three years to be able to handle an expected oil-fueled construction boom, according to the Wall Street Journal. Ahmed Ibraihi, Vice Governor of the Central Bank of Iraq, told the newspaper on Wednesday that […]
Iraq is aiming to become a major oil and gas supplier to Japan, Baghdad's oil minister, Hussein al-Shahristani, said on Wednesday after a meeting with Japanese officials. The Minister also said that Japan offered economic aid in the form of loans and investments to help build Iraq's infrastructure. The statement was released following a meeting […]
German companies have offered to build 1,000 low-cost housing units in Karbala within an integrated housing neighborhood project for a total cost of $16.5 million, according to a report from Aswat al-Iraq. “A delegation representing a German consortium offered to Karbala's Governor Amal al-Din al-Hirr, and Provincial Council Chief Muhammad Hameed al-Moussawi, a project consisting […]
Erbil Building Trade Solo Exhibition will be held in Erbil from 3rd to 6th of March 2011 in the Sami Abdulrahman Park Exhibition Centre Erbil is ready to host building and construction industry professionals in this essential event with its growing market and population of 8 million. Erbil Building Trade Solo Exhibition is the greatest […]
Reuters reports that French engineering group Alstom has signed a 20 million euro ($27.83 million; 33 billion iraqi dinars) contract with Iraq on Monday to rehabilitate a unit at one of its power plants. Alstom, maker of industrial power plants and high-speed trains, said in a statement it would rehabilitate a unit at the gas-fired […]
Sonoro Energy (TSX-V: SNV) announced on Monday that it has formed a strategic alliance with Inglett & Stubbs International whereby Inglett will support the execution of certain operations in Salah ad Din, Republic of Iraq. Inglett has developed advanced design and building procedures that allow them to efficiently manage the most technically complex construction projects […]
The Kurdistan Regional Government has decided to construct a large dam in the village of Aqhoban in the Hiran region, in the district Shaqlawah [Shaqlawa]. The Ministry of Agriculture and Water Resources has allocated more than six billion dinars for the project, which will be implemented by the two companies; work will start in the […]
The Fletcher School of Law & Diplomacy, The Program on Southwest Asia and Islamic Civilization, Gordon Institute, and Institute for Global Leadership cordially invite you to attend a talk by Mr Nawzad Hadi Mawlood, the Governor of Erbil, the capital of the Kurdistan Region in Iraq: “Challenges and Opportunities for Redevelopment in Erbil, Iraq” By […]
Iraq plans to spend around $680 million in 2011 to renovate its dilapidated factories and start new projects, a senior Industry and Minerals Ministry official told Reuters on Monday. Haifa Hamid, head of the investment department in the ministry, said the economic reform plan was focused mainly on renovating existing factories or establishing new ones […]
A Romanian company has received initial approvals to implement a residential project in Basra, according to an official from the Basra Investment Commission (BIC). “The BIC granted its initial approval to a Romanian company to carry out a residential project, which will include 6200 units in al-Kazieza region, northern Basra,” the source told Aswat al-Iraq […]
Al- Rafidain Bank of Iraq, in cooperation with the National Investment Commission, announces the intention to invest the land number 07/14/1877 Mashtal / Waziriya, area of 5000 m ², for the establishment of six residential buildings for the staff of Al Rafidain Bank, in addition to services and up to 72 ( Seventy-two) apartments. Please […]
