Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The investment outlook in Iraq will be probed at a key summit in Bahrain. In its ongoing commitment to provide intelligent market analysis for the region in a frank and open forum, Economist Conferences, part of The Economist Group, will host the Iraq Business and Investment Summit. It will be held at the Ritz-Carlton Bahrain, […]
An Iraqi economic expert said on Thursday that the Iraqi government should embark on a privatization program to improve the state of industry in the country. Fadhel Al-Moussawi told AKnews, "The Iraqi government has not been successful in improving the country's industrial conditions in the past several years due to the reluctance and lack of […]
Francisco Sánchez, Under Secretary of Commerce for International Trade, will lead a historic trade mission to Baghdad, Iraq, in October. Sánchez will accompany representatives from 14 U.S. companies on the department’s first trade mission to Iraq since the end of the U.S. combat mission in Iraq. “The U.S.-Iraq bilateral relationship is entering a new phase […]
Dr Sami al Araji, the chairman of Iraq's National Investment Commission, has said that Abu Dhabi-based developers have closed deals worth $66bn [79 trillion Iraqi dinars] for housing projects in Iraq. The companies involved are Bloom Properties and Al Maabar. Bloom Properties' projects include a $30bn development in Karbala, and $15bn to provide 300,000 dwellings […]
Eleven projects worth 21 billion Iraqi dinars (roughly $17.8 million) were approved for implementation next year in al-Hindiya district, eastern Karbala, according to Hindiya's Mayor. “The local administration gave the thumbs up to 11 projects as part of the Provincial Development Budget (PDB) in al-Hindiya, (20 km) east of the city of Karbala, for implementation […]
Basrah is central to the biggest oil and gas projects that will be taking part in Iraq over years to come and in order for contracts to go ahead, approval and consent is needed from the local authorities for projects to commence. Iraq Mega Projects 2010 Conference & Exhibition, taking place in Istanbul, Turkey, on […]
The new Sheraton Hotel in Basra was formally opened on Saturday, with a large gathering in attendance. But as we recently reported, the company in charge of building the hotel has run into problems with the tourism board in Basra because the project was not completed on time. The general supervisor of Summar Company, Sara […]
The Diyala State Company For Electrical Industries had sales of more than 4.12 billion dinars ($3.4 million) during August, according to a statement from the Industry Ministry. “The company has supplied the electricity distribution departments in Missan, Anbar and Diala with 308 generators to improve the performance of their networks,” said the statement received by […]
First, a lesson to designers! We were involved in a team presentation for a large development, which required of course its iconic centrepiece building. The designer took inspiration from the current fashion for twisted shaped buildings, and it did indeed look very gracious. However, the client team leader interpreted it as a representation of the […]
The Agricultural Initiative panel plans to spend roughly 225 billion Iraqi dinars [$190m] on agricultural irrigation in 2011, according to a statement issued by the panel on Thursday. “The Initiative’s executive director, Dr. Hussein Jabir, proposed to the water resources ministry some selected projects for the year 2011 and offered a brief study on each […]
Patrick Fitzgerald, director of the US Defense Contract Audit Agency, told the Commission on Wartime Contracting that his agency lacks the resources to track all the money being spent in Iraq. The Pentagon’s top auditor said on Thursday that there may not be enough auditors to oversee all of the billions of dollars being spent. […]
Spanish equipment rental company GAM (General de Alquiler de Maquinaria) has announced a major investment to enter the Iraqi market. Chief Operating Officer, Carlos Araoz, told IRN that the new depot in Erbil would be part funded using $20 million from an American source. "In Iraq I will not have Loxam or Lavendon competing with […]
