Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Kurdistan Regional Government (KRG) officials hosted a delegation of prominent South Korean companies on Wednesday in the first meeting of the Kurdistan-Korean Business Forum. South Korea’s Ambassador Suk Bum Park, Chairman of the Investment Board Minister Herish Muharam, and Head of the KRG Department of Foreign Relations Minister Falah Mustafa Bakir presided over the forum […]
Sonoro announced that its wholly owned subsidiary, Sonoro Energy Iraq, and its partner, Berkeley Petroleum Mesopotamia Asphalts Limited (together, the "Licensee"), have signed an Asphalt License Agreement (the "Agreement") with the Al-Salah ad Din Provincial Government in the Republic of Iraq. The Salah ad Din Province lies just to the North of Baghdad and lies […]
Industrial manufacturer Honeywell International said on Tuesday that it is opening a full-service office in Baghdad, and plans to open other offices in the country over the next few years. The Baghdad office will supply technology solutions such as process automation equipment to Iraq's oil and gas industry, which is in the midst of re-construction. […]
Tehran announced that it will host the second 2010 International Iraq Reconstruction Conference on October 30-31. Secretary General of the conference, Jahanbakhsh Sanjabi, said that 700 traders, directors, industrialists and officials from Iran, Turkey, Syria and Iraq will get together in the meeting to consider issues regarding regional free trade. He said the conference is […]
Considering the announcements of new cement plants in Iraq to meet the demands of a booming reconstruction sector, it should not be a surprise that someone would spot the need for more cement bags. Işıklar Ambalaj, a package-producing affiliate of Turkey’s Işıklar Yatırım Holding, has decided to build a cement bag factory in northern Iraq, […]
There have been some positive developments last week in the political stalemate in Iraq. A breakthrough in the negotiations between some of the factions allied to Mr. Nouri Al-Maliki, have brought the formation of the government slightly closer to realization (relatively speaking). All now depends on the negations with the other major players, namely the […]
The Iraqi National Olympic Committee in conjunction with the National Investment Commission (NIC) has announced investment opportunities in the Al Faluja [Fallujah] Tourism City as follows:- 1. Establish a parking area , 10 coffee shops, theater, festival park, shopping malls; 2. 10 small coffee shops, 25 tourist houses (of two rooms and a hall), Luna […]
Dr Ashti Hawrami is Minister for Energy Resources for the KRG (Kurdistan Regional Government) and will be speaking alongside Foreign Office Minister Alistair Burt and Nadhim Zahawi MP at a fringe meeting on October 5th at the Conservative Party annual conference. Iraq’s Kurds have a great and long-standing respect for Britain. In particular, we remember […]
Two Iraqi economists criticized the Iraqi investment law for supporting foreign investors and sidelining local businessmen, urging the government to amend the law radically. The law opens all sectors and areas of investment to foreign and Iraqi investors, except for oil and gas extraction and production, and banking and insurance. AKnews reports that according to […]
A source in the outgoing Iraqi government has said that International Monetary Fund (IMF) stressed the need for Iraq change its tax system as a condition for granting loans and supporting projects. A member of the Iraqi negotiating team, Fadel Muhammad Sarraj, told AKnews that "the IMF demanded the Iraqi government formally to restructure the […]
A private-sector company is to invest £200m to build a cement factory with a capacity of one million tons and a total cost of $200 million [240 billion Iraqi dinars] in Muthanna, a source from Muthanna’s Investment Commission said on Sunday. “We have completed all legal measures for contracting and handing over the land for […]
MAXXI, the National Museum of XXI Century Arts in Rome by Zaha Hadid Architects has won the coveted £20,000 RIBA Stirling Prize 2010, in association with The Architects Journal and Benchmark. The presentation of the UK's premier architectural award took place at a special awards ceremony this evening (Saturday 2 October) at The Roundhouse in […]
