Seven years after the invasion that ousted Saddam Hussein, Iraq largely has been unable to revamp business laws that would help make the country more attractive to investors, according to a report from Bloomberg. “Investors still note security concerns, but now are more likely to cite regulatory hindrances and other practical barriers to doing business,” […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
150 firms in Basra Construction Int’l Fair
More than 150 local and foreign firms will participate in the Basra Construction International Fair that will take place by the end of this month, according to a report from Aswat al-Iraq. “Most of the participating firms are either foreign or Arab,” said a local source. The fair will start on Sept. 24th and end […]
Tags: Basra News, Trade Fair
Romanian Companies Building in Karbala
Karbala's Investment Commission signed a Memorandum of understanding (MoU) on Saturday with eight Romanian companies to implement a number of housing, agricultural and industrial projects in the province. “The projects includes the construction of 1,000 building units over an area of 10 hectares [40 donums] equipped with all facilities as well as the building of […]
Dutch Company Designs Housing for Maysan
A Dutch company will design a model for low-cost housing in Maysan [Missan], a spokesperson for the Dutch companies in Missan last week. “A Dutch group specialized in housing projects has agreed with the State Ministry for Marshes Development to design low-cost houses,” Jaseb al-Marsoumi told Aswat al-Iraq news agency. “The government will receive the […]
Nahrwan Bridge Opened
The Mayor of Baghdad has inaugurated new al-Nahrwan bridge, which links Baghdad to northern and southern Iraqi provinces and helps traffic of trucks to the northern areas of the country without having to pass by the capital, according to the Baghdad Mayoralty in a statement on Sunday. “The project, a vital one for the movement […]
New Blog Series - Construction in Iraq
Iraq, 1980. The Iranian F15s swooped around the partially constructed Ishtar Sheraton, followed the Tigris river beside Abu Nawas Street and launched their missiles at Al Dora refinery. Thirty years of war and unrest had begun. I know because I was there – I was the project quantity surveyor then, working for the State Organisation […]
Siemens Eyeing up Electricity Investments in Basra
Germany's Siemens is eyeing up electricity investments in Basra. “A delegation from Siemens met today (Sept. 2) with officials of the provincial council’s electricity committee to discuss ways to carry out projects in the power sector in Basra,” Ziyad Ali told Aswat al-Iraq news agency. “The delegation expressed readiness to carry out power projects in […]
Tenders Soon for Repair of Mosul Dam
Iraq Minister of Water Resources, Jamal Rashid [Abdul-Latif Rashid], said that cracks in a water dam in Mosul are costing half a million dollars per year. The Minister said that his ministry is about to offer tenders for international companies to repair the cracks and to reach the stage where the essential level of water […]
Basra 'Sheraton' Re-Opening - Constructor Fired
The project manager of Sheraton Hotel in Basra confirmed on Thursday that the Integrity Board suspended the Sumar company after it reached its final stages, because the company did not hand over the project on time. Wameeth Abass, an engineer on the project, told AKnews, "The Integrity Board suspended our work with the Sumar Company […]
The Rush is On for … Everything!
US President Barack Obama delivered a major speech from the Oval Office on Tuesday, marking the official end of combat operations in Iraq. As just over 50,000 US troops will remain in the country until the end of 2011 in non-combat roles, the real significance of the military draw-down is hotly debated. But it is […]
Iraq Business Forecast: "Oil Deals Will Drive Long-Term Growth"
Business Monitor International (BMI) has published a new report on business in Iraq. Summary: The oil sector contracts signed between Iraq and international energy companies in 2009 reflect the first stirrings of what the oil and gas industry hopes will be the reestablishment of a strong working relationship. Following years of underinvestment as a result […]
UAE Company to Invest in Karbala
A UAE company has agreed to build a residential and commercial compound in Karbala, the chairman of the Karbala council said on Monday. “A delegation from a UAE company has wrapped up its several-day visit to Karbala, during which it expressed an interest in implementing tourism and hotel projects in the province, as it has […]