According to a report from AK News, an Iraqi economic expert has called on the Iraqi government to learn from Kurdistan's experience in addressing the housing crisis, and to apply those lessons in other Iraqi provinces. “Kurdistan's experience is very important, being able to limit the continuing housing crisis in the region," said Sattar Al-Shahin, […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Tags: Housing
German Firm to Build in Basra
German company IQ Martrade has submitted several proposals for developments at Basra Port. The manager of the Company, Mr. Gunther Hahn, said "the projects include investment in jetties at Umm Qasr Port, and the establishment of an oil pipes factory near the port - there is a huge need for such pipes in Iraq and […]
Tags: Umm Qasr
3rd Unit of al-Kahlaa Power Plant Starts Next Month
The third unit of the al-Kahlaa power plant in Missan will start operating next month at a capacity of 45 Megawatts, the director of the plant said on Thursday. “Within the plan, made by U.S. experts, who supervise the plant, the third unit of the new al-Kahlaa power plant will start operating as of next […]
Firms Compete for $3bn Baghdad Subway
(Source: Aswat Al Iraq) Eight foreign firms are competing to get the project to build the subway in Iraqi capital’s, the Baghdad mayoralty said on Wednesday. “The total estimated cost of the project will exceed $3 billion,” the mayoralty said in the statement as received by Aswat al-Iraq news agency. It noted that the Baghdad […]
1,300 Houses for Port Staff in Basra
(Source: Aswat Al Iraq) Iraqis Ports Company has reached an agreement with a foreign firm to build 1,300 housing units for ports’ staff in the Basra province, in southern Iraq. “The compound will be constructed at the al-Najeebiya area, 25 km north of Basra,” a media source from the Iraqi company told Aswat al-Iraq news […]
Oil Pipelines Extended to Nassiriya
(Source: Aswat Al Iraq) Al-Ahdab Oil Company started on Tuesday extending pipelines toward al-Nassiriya and al-Zabiediya plant in north of Kut, a media official said. “The company started on Tuesday (June 22) extending pipelines toward the pumping plant in Nassiriya and the power production plant in al-Zabiediya in north of Kut,” Majed al-Attabi told Aswat […]
Grand Faw Port Tenders Set for 2011
A tender is to be floated by Iraq's transport ministry in the fourth quarter of 2011 for the main construction contract of the estimated $6bn Grand Faw Port in Basrah province, Meed has reported. The Grand Faw port is designed to include 7,000 metres of dock for container ships and an additional 3,500 metres of […]
2nd Bridge Opened in Karbala
(Source: Aswat Al Iraq) The second bridge was opened in Karbala on Thursday at a cost of 10 billion dinars [$8m], according to the governor’s media spokesman. “Municipalities Minister Riyad Gharieb, Health Minister Saleh Mahdi al-Hasnawi, Karbala Governor Amal al-Din al-Herr and Representative of the UN in Karbala, Ali Kamouna, as well as political and […]
Significant Growth Predicted for Kurdistan's Financial Sector
The financial services sector looks set for rapid expansion in the Kurdistan Region of Iraq as a brand new stock exchange gets up and running and HSBC considers putting its own-brand on high street branches in the Region. International banking and financial services will play a significant role in the economic development of the Region, […]
Korean Think-Tank Urges Partnerships for Iraq Reconstruction
(Source: Korea Times) The Korea Times reports that a state-run think tank called on the government, along with local businesses, to gear up for reconstruction projects in Iraq, predicting the demand will rise in the near future. In a report entitled "Prospects of the Iraqi Economy after the General Elections," the Korea Institute for International […]
Tags: South Korea
Electricity Projects in Basra to be awarded to Foreign Firms Only
“Specialized companies will only be allowed to execute such projects,” a source from the council told Aswat al-Iraq news agency on Monday.
Tags: Contracts, electrical power
Ergil Receives Second Storage Tank Order from Iraq in 2010
Ergil, headquartered in Turkey announced a second storage tank order for engineering, design, fabrication and supplying oil storage tanks and storage tank equipment for a power plant project in Iraq.