Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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, […]
The increase in construction projects in Iraq is considered a positive indicator for Turkey's construction sector in the coming years, according to a report from World Bulletin. A report by the Undersecretariat of Foreign Trade (Export Development Research Center) said the construction and contracting sectors have entered a rapid growth phase in Iraq. The report […]
"The Iraqi government will take new procedures to combat drought in Iraq. It will launch a new initiative to control the drought and support the agricultural initiative that started last year", a source in the Iraqi government said on Tuesday, as reported by AK News. "There is a fear that the water levels in Tigris […]
The Baghdad Mayoralty has allocated ID60 billion ($50m) on Tuesday to improve sewerage systems in the Iraqi capital. “The amount will be funded from the 2010 budget for the development of regions,” the mayoralty said in a press release received by Aswat al-Iraq news agency.
The regional government of Iraq's Kurdistan has approved the construction of the $500m Avro City in Dahuk province as security in the area improves, Meed has reported. The project will include 120 low-rise buildings, 3,396 apartment units, 56 single-family villas, 40,000 sq m of education facilities, a five-star hotel, sports stadium, commercial district, healthcare facilities, […]
