National Investment Commission (NIC) announced at the end of March that the country plans to invest around US$150bn in infrastructure projects over the next 15 years.
US$150bn to be invested in infrastructure
Archive | Construction & Engineering In Iraq
Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
Iraq to Launch 3rd Gas Field Auction
"The product of these fields will initially be used to supply electricity stations and for other domestic needs, with the rest to be exported. The ministry hopes that Iraq will reach the level of other gas producers in the region."
Housing for Refugees in Diyala Province
The Committee of Emigration and Emigrants in Diyala Province said today that 50 dunams (1 dunam = 1000 m2) will be provided from all the Province’s regions to build housing compounds for refugee families from the conflict in the region. There are more than 3000 refugee families officially registered. ( Al SumariaTV )
Fallujah Biggest Bridge Inaugurated
Al Fallujah city celebrated the inauguration of the biggest bridge in the Province. The length of the bridge is 470 metres and its overall cost is 12 billion Iraqi dinars. The engineer who supervised the construction works said that the bridge connects east and west Al Falloujah and aims at limiting traffic congestion in the […]
Karbala Authorities, Chinese Delegation Agree on Residential Projects
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 […]
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.
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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