The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
After many years of searching, American forces have finally managed to track down and eliminate Osama Bin Laden. The news has reverberated around the world, and it has implications for all countries in the region, not least Iraq. Our security expert John Drake has been analysing the possible effects of this latest news for Iraq, […]
The Basra International Airport in southern Iraq will undergo a major expansion and renovation this year, according to its director. On the sidelines of the first Iraq Airports Expansion, Cargo and Logistics Conference and Exhibition held in Erbil last week, Abdul Ameer Ganim Abdullah said: "There are several huge projects that will commence this year, […]
The legal department of the Basra Investment Commission (BIC) is carrying out the final study of the bottled water project. The head of the department, Mohammed Rhyad Hilal (pictured), said that the project submitted by the international company Everest Seven, includes the construction of a plant producing bottled water sterilized by ozone. The production capacity […]
The German company Bertling met the chairman of the Basra Investment Commission to discuss their plan to establish an project providing logistical support for oil and gas companies in Basra. A director of the company, Ali Majed Sabah, said ,"the conference that was held in Kuwait Chamber of Commerce recently and our follow up at […]
More than 200 foreign companies participated in last weekend's 2nd Basra International Exhibition for General Trade. Most of the companies were Turkish, with others coming from Iraq and Germany. The exhibition, which was sponsored by the Governor of Basra, the Ministry of Trade and BIC, was attended by a number of the Iraqi officials, representatives […]
AFP reports that Iraq's southern province of Basra chose a new governor on Tuesday, replacing a predecessor who quit in February amid protests against official incompetence. Khalaf Abdel Samad, with 19 votes from provincial councillors, was elected governor, and Jabar Jabar Amin, who won 14, was reappointed chairman of the provincial council. Both belong to […]
The Armenian ambassador, Murad Muradian, visited the Basra Investment Commission (BIC) and discussed investment in Basra. He said that," we are willing to invest in Basra for it represents Iraq's most important city and its only port as well as its stable security and economical situation". He also revealed a plan to provide Iraq with […]
According to a report from Reuters, the Saudi-based Dao al-Jomaih Group tendered the low bid of $204.4 million to install four gas turbines in Iraq's southern Basra province. Salam Qazaz, Iraq's deputy electricity minister, said on Tuesday that the units will have a total generating capacity of 500 megawatts (MW) and will be installed at […]
Iraq has awarded a $125 million [150 billion Iraqi dinars] contract to a Saudi Arabian company to build a 150 MW power plant in Basra, an Iraqi official said. Haider Ali Fadhil, head of the Basra Investment Commission, said the Saudi-based Dao al-Jomaih Group was awarded a contract to build the plant and install two […]
The head of the Basra Investment Commission said on Wednesday that it has placed strict controls on the entry of foreign workers to the province. Haidar Ali Fadel told AKnews that the commission is restricting the numbers of foreign workers in the province in order to prioritize local manpower, and that formal approval has not […]
Germany's Ambassador to Iraq, Karl George Christian, announced an investment conference in Basra to be held in mid-April, and said that German companies are keen to establish a presence in the southern Iraqi province in the fields of construction, oil and manufacturing. At the head of Basra provincial council, Jabbar Amin Jaber, told AKnews that […]
Italy’s energy giant Eni is still interested in investing in the Nassiriya oilfield, Italy's ambassador to Iraq has said. Ambassador Gerardo Caranti was visiting Iraq to evaluate the progress of several projects and to study future suggestions. "We have several projects in Iraq at a cost of more than $2 billion," he told Aswat al-Iraq […]
