Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
Iraq may open its border with Kuwait for the first time in 20 years to ease shipments of equipment for major oil projects, an oil ministry spokesman said. In a telephone interview with Bloomberg from Baghdad, Asim Jihad said: “The Ministry of Oil may open the border with Kuwait to facilitate the shipment of heavy […]
Baghdad’s Mayor, Sabir al-Issawi, called on Swedish firms to participate in redevelopment projects in the Iraqi capital. “Al-Issawi received an official Swedish delegation in his office in Baghdad,” said a release issued by the Baghdad Mayoralty on Monday, as received by Aswat al-Iraq news agency. It explained that the two sides discussed methods to reinforce […]
Iraqi authorities are working on plans to resolve the housing crisis in the country, despite problems hindering investments in the sector, the chairman of the National Investment Commission told AKnews on Monday. "The investment committee has worked on planning to implement important projects in the coming period to help solve the housing crisis," said Sami […]
The CWC Group understands the importance of Corporate Social Responsibility and has included a panel discussion in their programme for the Iraq Mega Projects 2010 Conference & Exhibition, which is taking place in Istanbul, Turkey at the Hilton Hotel on 26- 28 October 2010. The discussion will highlight the benefits to the contract winners of […]
Sharjah-based port operator Gulftainer has announced that it has opened berth 8 at Umm Qasr port in Iraq, according to a report from MEED. In September, the firm expects to introduce two mobile harbour cranes designed to handle all forms of cargo, that will ensure high efficiency at the berth. In February, the firm won […]
The Wassit [Wasit] council signed a contract on Tuesday for the building of residential units and an 80 MW power station, according to the council’s vice president. “The council signed a contract at the Kut Investment Commission with the Turbat al-Rafideen company to set up a power station with a production capacity of 80 MW, […]
VSE Corporation (NASDAQ GS: VSEC) reported on Monday that the Global Division of its International Group has been awarded a $10 million delivery order to provide material and technical support for the Iraqi Navy at Umm Qasr, Iraq. The scope of work includes outfitting a new Ship Repair Facility with the industrial equipment required to […]
A 55 billion U.A.E. dirham ($15 billion) property development that was to have been built in Iraqi Kurdistan by Dubai-based developer Damac Properties has been cancelled, reports Abu Dhabi-based newspaper The National on Thursday. The Tarin Hills project was to be a mixed-use development including luxury villas, two five-star hotels, a theme park, golf course, […]
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 […]
