Iraq Business News brings you the latest information on developments and opportunities in the construction & engineering industries in Iraq.
By John Lee. The Kurdistan Regional Government (KRG) has taken a step towards reducing the environmental impact of waste gas and harnessing it to generate electricity from oil wells. One notable achievement is the Garmian power plant, a 165 MW station that utilises flare gas recovery from the Hasira oil wells to produce electricity. Completed […]
By John Lee. Loloat Al-Magad For General Trading & Contracting Co Ltd. has won a new contract with the United Nations Assistance Mission for Iraq (UNAMI) for the renovation and construction of "New Vehicle Workshops and Car Wash Bay at UNAMI Transport Workshop, International Zone, Baghdad". The contract is valued at $182,997. (Source: UNGM)
By John Lee. The Director of the General Company for Transportation Projects, Mr. Karim Hashem Al-Jabri, held a meeting on Saturday with the Economic Feasibility Study Committee and the Quantities Preparation Committee for the establishment of an asphalt production plant in Baghdad. In line with the directives of the Minister of Transportation, Mr. Razak Mahayb […]
You are invited to join the IBBC Tech Forum Live. Free to attend! 16th June, starting from 2:30pm BST 'The Digital Transformation of Iraq'
By John Lee. Indian engineering firm SEPC Ltd. (formerly Shriram EPC) has announced that it has successfully completed the Integrated Al Qibla Project in Basra, Iraq, for $236 million. The scope of work involved engineering, supply, and installation of primary sanitary sewer system, storm sewer system, trunk sewer system with connected pumping station and road […]
By John Lee. The Central Bank of Iraq (CBI) has reportedly been ordered to pay $13 million to Abu Dhabi-based Cardno ME (CME), relating to a dispute over the construction of its new headquarters in Baghdad. The International Chamber of Commerce (ICC)'s International Court of Arbitration is said to have made the ruling in February, […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani opened the "Iraq Gate" residential project on Tuesday evening in Baghdad. The project has been developed by Amwaj International, which is headed by Namir El Akabi. In his speech at the event, he emphasized the importance of the private sector's involvement in solving the housing problem, […]
Water complex rehabilitated by UNDP and USAID provides safe drinking water for over 30,000 people in Basra The United Nations Development Programme (UNDP), U.S. Agency for International Development (USAID), and the Government of Iraq have inaugurated the Al-Hussein water complex, bringing clean, potable water to more than 30,000 people in Hay Al-Hussein subdistrict and helping […]
From the Iraq Britain Business Council (IBBC): Iraq open to the world... and who's making it happen. An IBBC conference on June 16th at London's Mansion House. On 16th June IBBC are hosting a significant delegation of Iraq businesses and government officials to the UK, with a strong focus on energy, oil and gas, new […]
By John Lee. The Saudi ambassador to Baghdad, Abdulaziz Al-Shammari (pictured), has revealed the signing of a contract between Saudi Arabia and Iraq for a significant investment project near Baghdad International Airport (BIAP). In a statement to the state-run Iraqi News Agency (INA), Al-Shammari said the contract involves an investment of up to one billion […]
By John Lee. The government of Iraq announced more details this week on its plans to create a transport corridor between the Persian Gulf and the Mediterranean Sea coast in Turkey. The 1,200-kilometer "development road project", sometimes referred to as the "dry canal project", will link Iraq's Grand Faw port, which is still under construction, […]
By John Lee. Malaysia's Pestech International, through its joint venture with China Energy Engineering Group Tianjin Electric Power Construction Co Ltd (TEPC), has won a contract is for the completion of the Electricity Sector Reconstruction Project Phase (III), Lot 1-Construction, comprising of four 132-kilovolt Gas Insulated Switchgear (GIS) substations in Baghdad. The contract value is […]
