According to Aswat Al Iraq, Karbala’s local authorities reached an agreement with a delegation of Chinese firms to execute a number of residential projects in the province at a total cost of ID80 billion ($67 million). “The Chinese delegation will be granted investment permission within the coming days,” a local source told Aswat al-Iraq news […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
French cement maker invests $600 million in Iraq
France’s cement maker, Lafarge, has invested $600 million to upgrade production in two Iraqi cement companies.
Basra Bridge Budget Increased to ID500m
The Basra council decided on Wednesday to increase funds allocated to the al-Tanouma bridge project from 125 million to 500 million Iraqi dinars ($424,000), according to the chairman of the Basra council according to the Aswat al-Iraq news agency. “The extra money will be used to overcome difficulties facing the project,” he explained. “The approved […]
Canadian Firm to Invest in 5,000 Housing Units in Baghdad
A Canadian firm is investing $299 million in 5,000 housing units in Baghdad.
$21 Million Residential Compound in Diwaniya
An Iraqi investor has received a license to build a residential compound in southern Diwaniya, according to chairman of the Diwaniya Investment Commission. “The commission provided a license to Abdulkarim Hatef al-Zubaidi, an Iraqi investor, to establish a residential compound in southern Diwaniya at a cost of $21.240 million within 36 months,” Hakem al-Khuzaie told […]
Canadians Invest in 5,000 Housing Units in Baghdad
A Canadian firm is investing $299 million in 5,000 housing units in Baghdad. “The units will comprise a complete town including all the related services,” the Baghdad Investment Commission said in a release on Monday received by Aswat al-Iraq news agency. It said that at least 20 thousand people will live there. ( Aswat Al […]
Petronas Recruiting Hundreds of Staff for Four Iraqi Projects
Malaysia's Petroliam Nasional Bhd, or Petronas, has started recruiting hundreds of Iraqis for four oil projects the company won during Iraq's second licensing auction in December.
Tags: China Natational Petroleum Corp, Gazprom, Japex, KOGAS Iraq News, Missan, Petronas, recruitment, Shell, TPAO
AVEVA Wins Iraq Reconstruction Role
AVEVA Group in Cambridge, one of the world's leading providers of engineering data and design IT systems to the plant, power and marine industries, has won work in Iraq
South Koreans Still in Talks for Steel Complex in Iraq
The Basra steel mill will have a capacity of 1.2 million-t/y of iron bars; 600,000-t/y of section steel; 1.2 million-t/y of hot-rolled products and a 500MW power station.
Tags: South Korea, steel
NIC Approves 2 Projects
The National Investment Commission has approved two investment projects with a total cost of $485 million, according to an official statement from the NIC on Tuesday. “The first is a housing project to set up a residential compound in al-Ameriya region in western Baghdad, while the second is to set up seven drinking water treatment […]
Tags: Construction & Engineering, Water
Iraq Goes On A Building Spree
The largest housing projects are planned for Baghdad. In January, the Baghdad government announced that it would begin work on almost 300,000 apartments across the city - a British architect company was hired to design the project.
6,600 Apartments to Be Built in Basra
The investment commission in Basra has announced a project to build 552 housing units in Basra’s Faw district, the head of the commission said on Monday. “Each unit is made up of three stories and 12 apartments of 100 square meters each”, Haydar Ali told Aswat al-Iraq news agency. A theme park project will also […]