The foundation stone for a project to build 1,000 housing units for the Political Prisoners Association in Basra for was laid on Thursday, according to the PPA chief. “The implementation of this project in Basra mirrors the central government’s care for political prisoners and recognises their sacrifices under the former regime,” Jassem Muhammad Jaafar said […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Tags: Basra News, Housing
OMV CEO Relaxed about Nabucco Delays
Delays in the Nabucco gas pipeline project, which re reported on in recent days, are not a problem because there has been a dip in European gas demand due to the economic downturn, the chief executive of shareholder OMV said on Tuesday at the Reuters Central European Investment Summit in Vienna. The 7.9 billion euro […]
Italian Style Coming to Basra
An Italian company is planning to build a new shopping mall in Basra, a source from the Basra local council said on Tuesday. “A delegation from the company, which belongs to the Italian energy giant ENI, held a meeting with Basra's governor and a number of local officials to discuss the establishment of a large […]
Interview with Gavin Jones on Radio Dijla
Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile, was recently interviewed by Iraq's Radio Dijla. The full transcript is shown below: Radio Dijla: How do foreign investors look at the Iraqi market today? Gavin Jones: There are three main reasons for foreign investors committing to a market – a […]
British Iraqi Friendship Society - Gala Dinner
The British Iraqi Friendship Society (BIFS) will host its Annual Gala Dinner and charity auction at the Royal Garden Hotel, London, on 17 November. BIFS was founded to inform the British public about all aspects of Iraqi life and culture, including its history, heritage, arts, language and traditions. The society organises a programme of events […]
Basra to be the Next Hong Kong?
The Vice President of the Basra provincial council said on Friday that the visit of the U.S Deputy Defense Secretary to Iraq came to discuss the issue of attracting the foreign companies to work in Basra, according to a report from AKnews. "An extended meeting between the U.S Deputy Defense Secretary and a number of […]
Tags: Basra News, Hong Kong
Lebanese Firm Lands Big Housing Project in Maysan
Two investment licenses have been granted to a Lebanese company to establish two residential compounds in the north of Amara, the chairman of the Maysan Investment Commission said on Monday. “MIC granted an investment license to Lebanon’s Home International Corp. to build 700 housing units in Ali al-Gharbi district, north of Amara, at a cost […]
$900m Power Plant Contracts Awarded
Iraq is to get new power plants in order to boost its energy capacity by 2,500 megawatts, reports Reuters. This will significantly add to its meagre total current production, which is around 5,500 megwatts. All the contracts for the 20 gas turbines, which were bought from General Electric, have been awarded to three Turkish companies. The contracts are […]
Invest in Iraq Now or Miss Out, Says U.S. Envoy
American companies should invest in Iraq now to avoid losing out on opportunities to other international firms, Under Secretary of Commerce Francisco Sanchez said during a trade mission to Iraq. According to the report in Reuters, he urged corporate leaders to hurry while acknowledging that security concerns remained high. "The time is now. I think […]
Tags: trade missions
Iraq Needs 4,400 Miles of New Pipelines
An estimated 7,000 km (4,400 miles) of new pipeline will need to be built in Iraq if the country is to meet its oil export targets, according to Penspen Group Chief Executive David Stanley. According to a report from Pipelines International, Mr Stanley underlined the need to repair and reinforce Iraq’s two existing major export […]
Tags: pipelines
Soldier Jailed - 'Smuggled' Iraqi Dinars
A U.S. Army officer who approved supplies contracts in Iraq was sentenced Friday to 21 months in prison for lying about contents of a package he sent to the United States containing more than $100,000, according to a report from Associated Press. Maj. Charles E. Sublett pleaded guilty in July to sending almost $108,000 in […]
Tags: Iraqi Dinar News, smuggling
Govt Reaffirms Commitment to Housing in Iraq
The Ministry of Construction and Housing (MoCH) in Iraq marked World Habitat Day by launching the Iraq National Housing Policy in a ceremony held in Baghdad. The policy will respond to housing needs in Iraq and ensure the right of housing and adequate shelter is granted to all people in Iraq. Iraq’s housing shortages stand […]