Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Energy companies from the UAE are interested in investing as Iraq’s oil and natural-gas industries, a government official said. “There are indications that the UAE will have a place in the petroleum and energy sector,” Abdullah Ibrahim Al Shehi, the country’s ambassador to Iraq, said on Monday at a gathering of diplomatic officials in Abu […]
An official from Basra Provincial Council (BPC) said on Tuesday that the council allocated 400 billion Iraqi Dinars (IDs) -- around $350 million-- from oil and customs’ revenues to provide public services in the province, the head of the monitoring and planning committee of the BPC told AKnews. Walid Gitan said the Iraqi Finance Ministry […]
An Iranian delegation has made an offer to the Baghdad Investment Commission to build 100,000 residential units in the Iraqi capital. “The delegation informed the commission that the units will be designed to modern standards, and will be funded through investment,” the commission said in a statement received by Aswat al-Iraq news agency. It noted […]
The Ministry of Education has built 125 schools in the past six months, according to a report from Azzaman. Sahar Abdulamir, the ministry’s information officer, said 87 schools have been refurbished and repaired over the same period. “We have also added new annexes and extensions to 52 more schools,” she added. Abdulamir said the ministry […]
A number of UAE companies wanting to launch investment projects in Basra province has increased in recent weeks, said a spokesman for Basra's governor on Sunday. "Basra province received more than four UAE companies within a month," Salem Al-Taqi, told AKnews. [We assume that "more than four" means "five" - Ed.] "Basra's governor, Sheltag Aboud, […]
A total of 19 new projects will be built at the al-Shieb border crossing as part of Missan Investment Commission's (MIC) plan to encourage investment and tourism in the province, the director of the MIC said on Tuesday. “The projects site covers 100 donums [25 hectares], and will include hotels, restaurants, garages and banks as […]
Dr Sami Al Araji, chairman of Iraq's National Investment Commission, has said the government has selected 35 international firms to build one million new housing units across the country, Arabic Al Sabah newspaper has reported. The firms were selected from 117 applicant companies, and are reportedly from U.S., Canada, Turkey, Spain, France, Germany and South […]
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. […]
