Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Baghdad-born architect Zaha Hadid has been appointed to design a new headquarters for the Iraqi central bank in Baghdad, two months after an attack on the building left at least 15 people dead. Bloomberg reports that Hadid, aged 59, was approached by the Iraqi authorities earlier this year, before the attack, and initial talks about […]
Staff from the China National Building Material Company, CNBM, have started work on the construction of the first concrete factory in al-Muthana province. "The Chinese firm will construct the factory for an Iraqi investor," a local source told Aswat al-Iraq news agency. He explained that the total cost of the project is $270 million [320 […]
The Ninewa Investment Commission has granted 28 investment permits for investments totalling "more than $1 billion" [1.2 trillion Iraqi dinars] in the province. "The permits were granted to local businessmen to invest in the fields of agriculture, industry, tourism, health and education," a source from the commission told Aswat al-Iraq news agency. He explained that […]
