By John Lee. The Basra Investment Commission has reportedly approved a number of projects including the construction of a 25-storey hotel and a shopping mall. According to a report from Zawya, Commission Chairman Ali Gasib said the luxury hotel would be located near the Shatt Al Arab river, while the shopping facility would be situated […]
Tag Archives | Basra Investment Commission
Basra Steel Plans “on Hold”
By John Lee. the Basra Iron & Steel Company (BISCO) has reportedly put its new rebar mill investment on hold due to regional political issues. A decision on further progress is expected to be taken after talks with the Basra Investment Commission (BIC) later in September. ArabSteel reports that BISCO, an investment by Isa Unal, […]
Tags: Al Tanmiya for Steel Industries, Basra Investment Commission, Basra Iron & Steel Company (BISCO), Basra Steel, Erbil Steel, F&F Steel, G.K. Steel, Moher Limited, steel, Turkey
Alkitan Plans Basra Cement Plant
By John Lee. A Pakistani company identified as “Alkitan” has said it will build a new cement plant in Basra. Company director Shakir Ali told the Basra Investment Commission that they wanted to set up there “due to the abundant natural resources and investment opportunities”. He added that the plant will be built on a […]
Turkish Company Signs $700m Basra Steel Contract
By John Lee. The Basra Investment Commission has announced that the Industry Ministry signed a contract with the Turkish company UB Holding to rehabilitate iron and steel factories at a cost of $700 million. According to Aswat al-Iraq, the head of the commission said that the contract includes adding new production lines and increases annual […]
Iranian Group to Invest in Basra
By John Lee. A group of Iranian companies has announced its intention to invest in the industrial and oil sectors in Basra. The Basra Investment Commission says that $310 million dollars will be invested. The Iranian group’s representative, Hussein Binae, siad the group will spend $60 million on a factory to make cables and electric […]
BIC Licenses Cement Factory in Umm Qasr
By John Lee. The Basra Investment Commission has licensed a cement factory in Umm Qasr, according to a report from Aswat al-Iraq. The $26-million project will have a production capacity of 3,000 tons of cement per day. (Source: Aswat al-Iraq)
Basra Investment Commission Issues Investment Guide
By Editor on 14th August 2012 in Construction & Engineering In Iraq, Employment, Investment, Iraq Industry & Trade News, Iraq Oil & Gas News
By John Lee. Basra Investment Commission has published a new guide for investors, covering such areas as opportunities, taxes, and how to get a visa. The quality of the English translation is rather poor, but it is still reasonably understandable. You can download the guide here.
$162m “Basra Times Square” Project Gets Green Light
By John Lee. Basra Investment Commission (BIC) has granted an investment licence for a $162-million tourism project in central Basra. Khalaf al-Badran (pictured), Chairman of the BIC, said: “The license for the ‘Basra Times Square’ project was granted to Dier Company for Contracts … This project will achieve great benefit and will be a remarkable […]
Foreign Firms to Build Multi-Billion-Dollar Housing Projects in Basra
Basra will soon become the scene of multi-billion dollar construction projects to be implemented by major foreign firms, according to a statement issued by Basra Investment Commission. According to a report from Azzaman, most of these projects will be in the city of Basra, giving it more than 70,000 new, modern apartments for low-income groups, […]
Dutch Delegation Visits Basra and Kurdistan
A high-profile Dutch business delegation, led by Dutch charge d’ affaires Lars Tomers, visited the headquarters of Basra Investment Commission on Friday to discuss the investment plan in Basra and the possibilities for Dutch companies. They agreed to hold another meeting in June, according to Aswat al-Iraq. Meanwhile, AKnews reports that a 25-member business and […]
Basra to be Number One Trading Centre
The Governor of Basrah, Dr Khalaf A.S. Khalaf was guest of honour at IBBC’s Iraq Day Mansion House conference in London where he pledged to lead Basrah’s “ renaissance,” and make the port city the leading centre of trade not only for Iraq, but the Gulf region. Dr Khalaf brought a strong delegation from the […]
Denmark’s Phoenix Bags $86m Basra Pipeline Contract
Danish company Phoenix International has signed an $86m (100 billion IQD) contract with Basra Investment Commission for the production of oil pipelines. AKnews reports that Phoenix was granted the project licence for a 250-acre area in the town of Umm Qasr, in southern Iraq. The licence is for 35 years, which is subject to renewal. […]