A firm based in the United Arab of Emirates (U.A.E) will invest in a big housing project in the Iraqi capital, the Baghdad Mayoralty said on Sunday. “The company will invest $20 billion over a period of 10 years,” the mayoralty said in a release received by Aswat al-Iraq news agency. The project will consist […]
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Baghdad Metro Projects on the Go
Baghdad Secretary Saber Al Issawi said that a contract was signed with a French international consultancy company to prepare the EoI requests for Metro Baghdad project - estimated cost ~$3 billion.
Iran to Build Housing Compounds Throughout Iraq
Iraq and Iran signed on Tuesday an agreement through which Iran will build housing compounds in Baghdad and number of Iraqi provinces. “The agreement was signed by the undersecretary of IraqiElectricity Ministry and Iranian embassy in Iraq,” said a release issued on Tuesday by the Iraqi Trade Ministry and received by Aswat al-Iraq news agency. […]
Ban on Recruitment of Indians for Iraq Lifted
Indian labourers who had been using the UAE as a gateway to enter Iraq can now get to that country directly, following the Indian Government's move to lift a ban on recruitment of Indians to work in Iraq.
Iraq to Build More Than 30 Dams
Iraq Ministry of Water Resources said that it has a plan to establish more than 30 dams in Iraq in order to irrigate agricultural land and to provide drinking water for the habitation regions and stressed that these projects will be implemented in the upcoming years because they cost a lot.
Iraq Launch Five-Year Roadmap to Boost Development
The plan will target five key areas: ensuring inclusive economic growth; environmental management; promoting good governance and protecting human rights; boosting access to basic services for all; and stepping up investment in women, youth and children.
Tags: economic planning, United Nations
WB to Finance Rehabilitation of Umm Qasr Port’s Road Project
“The World Bank’s agreement allowed a Danish company to implement the project, in cooperation with a local company,”
Iraq Invites Bids to Install 2,500 MW Turbines
Iraq's Electricity Ministry has invited foreign companies to bid to install 20 gas turbines that would boost the country's power capacity by 2,500 megawatts in the next few years.
Residential Compound for Wassit University’s Professors
Wassit university approved on Monday a project to establish a residential compound for the university’s professors at a cost of 5.948 billion dinars, the university’s president said. “The project will cover 42 donums in three stages to establish 150 houses within one year,” Dr. Jawad al-Moussawi told Aswat al-Iraq news agency. “The project contains an […]
Iraq Plans Power Boost After Gas Fields Auction
Iraq plans to boost power capacity to 27,000 megawatts in four years after opening its gas sector with a contract awarded to Royal Dutch Shell, this will need an investmnt of at least $3 billion to $4 billion per year, Iraq’s Electricity Minister Karim Waheed told Reuters on Sunday.
Project to Build Low-price Housing Units in Karbala
Work continues on the start of a project to build 250 low-cost housing units in Karbala province. “The units will be allocated to poor families in the province,” a provincial source told Aswat al-Iraq news agency on Sunday. She explained that each unit will cost ID10 million. “The 250 units will be completed within four […]
Lafarge Launches $200 Mln Iraq Plant Renovation
France's Lafarge launched a $200-million renovation of an Iraqi manufacturing plant on Thursday to boost production and grab a bigger share of the local cement market.
Tags: Investment, Lafarge