Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
A tourist resort has been opened this week in central Amara, 150km north of Basra, at a cost of more than 12 billion dinars, reports Aswat al-Iraq. It is part of a 2007 plan to construct a tourist town in the southern city, which is better known for its marshes and Mesopotamian sites. “Adan tourist resort […]
Baghdad's airport road was considered the most dangerous motorway in the world, but the city is now turning it into "the most beautiful street in the world", according to AFP. The US military had called it "RPG alley" (that's rocket-propelled grenade), as road users were at the receiving end of particularly frequent attacks during 2006 and 2007. […]
Property prices rose fast in Baghdad in recent years, going up 50% and even 100% in many places. Now, Nina News reports that property-price rises in Wasit Province, halfway between Baghdad in central Iraq and Basra in the south-east, are "insane". Prices in the province are far exceeding those of neighbouring ones. The price per […]
Karbala's local government has signed a contract with a Danish company to install five new electrical generators in the province. The head of the Strategic Planning and Constructing committee, Abbas Nasser Hassani told AKnews that a delegation from Karbala local government signed the contract with Danish company Simko, which has offices in Turkish capital, Ankara. […]
The Najaf Investment Commission has granted three investment licences worth a total of $233m [273 billion Iraqi dinars] to two Iraqi companies and a Turkish company. The head of the board, Wafi Albhash, told AKnews that the Turkish company was granted an investment license for a housing project worth $ 218 million. A licence to […]
The business associations and economic organizations in Basra, in collaboration with the International Private Projects Center, have held a conference to review the problems experienced by the private transport sector in the province. Abdul Saleh Saheb, the supervisor of the Conference and Vice-President of Businessmen's Union, told AKnews that the conference aims to review the […]
The group of US investors held talks with local officials in Basra about establishing a tourist project on Sindbad Island [Sinbad Island], a source told Aswat al-Iraq news agency on Wednesday. A delegation from the group discussed the project with Basra's Governor, Shaltagh Abboud, and Deputy Chairman of Basra Council, Ahmad al-Sulieti. “The project includes […]
The University of Salford, in the United Kingdom, is to work with the University of Basra, Iraq, to set up a centre for research in the built environment, with the aim of providing skills and knowledge as the country seeks to rebuild. As the UK’s leading research centre for built environment, Salford will help the […]
The Prime Minister of the Kurdistan Regional Government, Barham Ahmed Salih [Barham Saleh], laid the cornerstone of the second largest shopping complex in Kurdistan. The ceremony in the city of Sulaimaniyah city underlined the region's growing economic power. The complex will be built by the Kurdish investment group, Hiwa [Hewa], owned by Ahmed Majidi, who […]
Iraq Mega Projects 2010 Conference & Exhibition took place in Istanbul, Turkey, on 26-28 October. The event promised to be the gathering for service companies to meet the mega project holders; this did not fail to live up to expectation. Representatives of the contract holders came as delegates to support the gathering, though low profile […]
Dr. Sami Al- Araji, NIC Chairman, signed a Memorandum of Understanding in Seoul with a Korean company to build 500,000 housing units throughout Iraqi. The deal could have a possible total value of $25 billion, based on the previous information from the commission stating that each housing unit was expected to cost $50,000. Reuters reports […]
Iraq's Oil Ministry is studying an offer submitted by a private a Saudi company to rebuild the idled Iraq-Saudi oil export pipeline, ministry spokesman Asim Jihad told Reuters. Jihad and a representative of the Saudi firm, Ali Mahir, said the offer proposed involving Japan's Mitsubishi and a Hungarian company identified as OTV, which took part […]
