Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
The head of the investment and strategy committee of Dhi Qar provincial council, Ahmad Taha, announced that a new round of investment licenses will be awarded soon to foreign and Arab firms. The licensing round will include waste recycling, environment, electricity and gas stations projects. Al SumariaTV also reported that "oil refineries will be established […]
Iraq's Prime Minister, Nouri al-Maliki, called for the development of economic and trade relations with South Korea, according to a statement of his office on Monday. “On Monday (July 19) Al-Maliki held a meeting with a delegation of South Korean companies, Ambassador Su B. Park, and Head of the National Investment Commission Sami al-Aaraji,” said […]
Arabtec Construction is considering a contract to build a 100,000-seat stadium on the outskirts of Baghdad, The National has reported. "We considered it a couple of times in the past but decided against it because of the ongoing security situation," chief executive, Tom Barry said. "We were recently asked to look at the stadium project […]
The Baghdad Mayoralty is discussing housing compounds with Turkish firms as part of its attempt to build one million residential units throughout Iraq. “Out of the one million units, 224 thousand will be in Baghdad,” the mayoralty said in a press release on Sunday, as received by Aswat al-Iraq news agency. It noted that the […]
Scaffolding is creeping up the walls of bullet-scarred villas across rubble-strewn Baghdad, and gangs of labourers are piling up bricks as growing security allows a mini-construction boom to take hold in Iraq, according to a report from Reuters. It may be the leading edge of a building surge as work now limited to a few […]
A preliminary agreement was concluded between Qadisiyah local government and a group of Iranian companies to invest in the province, the director of the Investment Committee in Diwaniyah reported on Monday. "The Investment Committee and the head of Qadisiyah council met a delegation from a group of Iranian companies to discuss the possibility of investing […]
Dinar Trade reports that The Minister of Electricity and agency, Dr. Hussain al-Shahristani, has announced the building of eight new power stations, with a total capacity of 5,000 MW. Readers of IBN will remember that Dr Shahristani, who is also the Minister for Oil, took over responsibility for the electricity brief following the riots last […]
Kirkuk's Governor, Abdulrahman Mostafa, met with representatives of a US consortium on Sunday, investing in the fields of petroleum, refineries, prefab construction and cell phones, and discussed with them a project to produce electricity through waste incineration, a local official said. “The U.S. investors briefed the Kirkuk officials on the nature of their work and […]
The Second Fair for Municipalities, Constructions, and Ceramics was opened on Monday, 12th July, in Erbil city. “The fair will last for one week,” a source from the fair told Aswat al-Iraq news agency on Sunday. He noted that 259 foreign firms from 10 countries are participating in the fair. AK News reports that Iran, […]
The Iraqi Minister for Construction and Housing, Bayan Dzehyi [Bayan Dezei], received the Bahraini ambassador to Baghdad, Salah Ali Al Maliki, to discuss cooperation in the construction sector. An official source at the ministry said that the minister discussed with the Bahraini ambassador, means of mutual cooperation in the implementation of projects or partnerships with […]
CNN reports that work will soon begin on one of the biggest real-estate projects in post-Saddam Hussein Iraq, which some say is a sign things are looking up for the country's economy. Iraqi-Jordanian real estate company Amwaj International is behind the ambitious Baghdad development, called Baghdad Gates. The scheme will cost $238 million and will […]
Duhok Province said that it sealed a contract with Lebanese Dar Al Handasah to build an international airport in the province with a cost of 5 million dollars. The source said that it expects works to start at the end of next year. Another source said that the airport will help in developing the economy, […]
