Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
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 […]
(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 […]
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, […]
(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 […]
“Specialized companies will only be allowed to execute such projects,” a source from the council told Aswat al-Iraq news agency on Monday.
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.
A delegation representing two Turkish companies expressed readiness to implement health and housing projects in Karbala, the head of the Karbala council said on Tuesday. “The Turkish delegation presented housing and health proposals to be implemented in Karbala, including the establishment of two specialized hospitals,” Mohammad al-Moussawi told Aswat al-Iraq news agency. “The local government […]
Wood Group GTS, part of international energy services company Wood Group, signed a multi-year agreement with Mass Global Investment Company (Mass Global) for operations & maintenance of the Solymaniah Power Facility, located in the Kurdistan Region of Iraq.
A new sewage project in the Iraqi capital will be executed by the Swedish firm EPC, the Baghdad Mayoralty said on Sunday.
State run firms belonging to the Ministry of Housing and Reconstruction are capable of executing “any project assigned to them,” according to an official statement. The statement, quoting Housing and Reconstruction Minister Bayan Dazai, said: “The ministry has reinstated in the past four years all its companies destroyed after the events of 2003.” Iraq had […]
Engineering in Nineveh Province finished today on the renovated customs Directorate building in Mosul in the Northern Region at a cost of 200 million dinars. The supervising engineer Ahmad Al Tai said that the engineering team started rehabilitating the main building in the first phase. Afterward it set an outdoor fence in a way that […]
The Baghdad Investment Commission on Tuesday approved a residential project in the capital at a cost of $6 million, according to the head of the commission. “The commission’s board agreed to give an investment license to establish a residential project in Haifa street in Baghdad,” Shaker al-Zameli said in a statement received by Aswat al-Iraq […]
