Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Federal prosecutors in the U.S. are investigating whether a major contractor overcharged the government. They are investigating allegations that the Louis Berger Group (LBG) submitted inflated invoices to the U.S. Agency for International Development (USAID), which oversees international development projects. The company works in countries including the U.S., Iraq, Afghanistan and India. LBG's Chairman, Derish […]
Preparations have begun on the concrete-layered transportation canal of the Shatt al-Arab Irrigation Project. “The total cost of the project will be around $299 million [350 billion Iraqi dinars],” the Iraqi Water Resources Ministry said in a press release on Tuesday, received by Aswat al-Iraq news agency. It noted that the canal will be 128 […]
Iraq will spend $300 million [350 billion Iraqi dinars] to upgrade six major hotels in Baghdad for an Arab summit next year, Foreign Minister Hoshyar Zebari told AFP on Tuesday. "We will invest around 300 million dollars to transform our six largest hotels to international standards for the Arab summit at the end of March", […]
The Iraqi Construction and Housing Ministry has announced plans to build 504 houses in the province of Diyala by the end of 2011, said the minister on Monday. Minister Bayan Dezayi [Bayan Dezei] said the project was worth 53 billion Iraqi Dinars (ID), over $45 million. Dezayi said they aim to complete the road between […]
Iraq Business News is always delighted to bring you the latest exciting new developments from Iraq, and it's refreshing to see that the country's building boom is being carefully planned and tastefully designed. Many new architectural projects in Iraq can be credited to Dewan Architects & Engineers, founded by Iraqi-born Mohamed Al Assam in 1984. […]
An additional 13 agricultural silos are to be build in the Kurdistan Region by the end of 2013, lifting the storage capacity up to one million tons, said an official source on Sunday, as reported by AKnews. Before Saddam Hussein’s fall in 2003, there were two silos in the region with a storage capacity of […]
The third stage of the development of Maytham al-Tamar Street in central Karbala was started on Thursday, according to the province’s reconstruction & strategic planning committee. “The project’s third stage, which is launched at a total cost of 20.304 billion Iraqi dinars [$17m], is expected to ease the traffic congestion at the entrance of city, […]
The Baghdad Mayoralty has launched an international architectural competition to develop the al-Adhamiya City area of Baghdad, specifically the areas close to the Shrine of Imam Abu Hanifa. “The mayoralty has invited local, regional, and international firms specialized in city and rural planning to participate in the competitions,” a media source from the mayoralty told […]
The Director General of Education in Kirkuk has confirmed that 5 engineering companies are competing on the draft design for the implementation of the second phase of the Science Park, at a cost of 4.66 billion Iraqi dinars [$4 million]. The director of school buildings, Khalaf Khalil Nasif, stressed the importance of the designs regarding […]
The head of Maysan Investment Commission, Ra'id Sa'iy, announced that "Maysan province needs about 70,000 housing units currently". He stated to the National Iraqi News Agency (NINA): "We need the investment companies to implement cost-efficient housing projects for all levels of society." "Environmental conditions should be considered in the planning and execution of these projects," […]
Housing tops Baghdad’s growing to-do list, but as work begins on infrastructure ranging from airports to sewage plants, Iraq’s modest contracting capacity is being stretched to its limits, reports Gulf News. Iraq faces mounting reconstruction needs across its housing and infrastructure sectors, yet the country’s contracting sector is struggling to maintain momentum as increasing numbers […]
The value of investment projects in the Iraqi capital has reached $100 billion [120 trillion Iraqi dinars], the Baghdad Mayoralty said on Tuesday. “The investments are in the housing, hotels, malls, theme parks, and resorts sectors,” the mayoralty said in a press release received by Aswat al-Iraq news agency. It noted that the Baghdad Mayoralty […]
