The latest news from Basra – renovation, building, investment & more – brought to you by Iraq Business News
An international fair for food and agricultural products opened on Monday at Basra’s International Airport. “The fair will last for four days,” a local source told Aswat al-Iraq news agency. He noted that 150 local and foreign firms are participating in the fair. ( Aswat Al Iraq )
A group of eight Lebanese and Turkish firms on Monday discussed with Basra’s governor new housing compounds in the province. “We discussed housing projects in the province,” the Basra governor Shaltagh al-Mayiah told Aswat al-Iraq news agency. He noted that the Basra Local Authority encourages Arab and foreign companies to invest in the province. ( […]
Work has been completed to reinstate a power station in Basra province. “The project was finalized in two months,” a local media source told Aswat al-Iraq news agency. He noted that the project’s cost totaledID913 million. ( Aswat Al Iraq )
Indian Charge d’ Affaires in Baghdad discussed on Monday with Basra deputy governor ways of boosting investment cooperation and the possibility to open an Indian consulate in the province, according to an official spokesman of the deputy governor. “Deputy Governor Nezar Rabia al-Jaberi discussed on Monday (May 24) with Indian Charge d’ Affaires in Baghdad, […]
Basra Provincial Council will be voting on the new projects on Tuesday (May 18). “The projects are funded by Basra revenues from oil production and border points,” a source from the council told Aswat al-Iraq news agency on Tuesday. He noted that the council will have a meeting tomorrow to approve the projects. The oil-rich […]
The fair, which will be held between Nov. 25 and Nov. 28, aims to enhance the war-torn country's economic development, while focusing on Iraq's contribution to the future world energy supply.
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 […]
A German company met with the Basra Investment Commission on Wednesday to discuss increasing its investments in the province, according to a commission official. “The IQ MARTRADE Company is considering investment in berth 8 at Khour al-Zubeir port, and is also keen to establish a factory to make oil pipes in the province,” Ahmad Wahied […]
Basra’s Provincial Council has approved different projects according to the budget of 2010. “The issue of deciding projects according to the 2010 budget will be finalized on Wednesday (April 14),” a source from the council told Aswat al-Iraq news agency on Tuesday. He noted that the projects embrace different sectors in the province. ( Aswat […]
The deputy head of the Basra council, Ahmed al-Sulaity, met with the Iranian consul to discuss plans for future cooperation in the areas of power and water, according to an official statement. “Throughout the meeting views have been exchanged concerning cooperation between Basra province and the Islamic Republic of Iran in order to achieve the […]
The investment commission in Basra has announced a project to build 552 housing units in Basra’s Faw district, the head of the commission said on Monday. “Each unit is made up of three stories and 12 apartments of 100 square meters each”, Haydar Ali told Aswat al-Iraq news agency. A theme park project will also […]
The Basra Investment Commission said it received on Monday a delegation from a Turkish company, ranked 150 among construction companies worldwide, to discuss a housing project in the province, according to a commission statement. Midhat Binjuin, the manager of the Turkish company, said “Our company has constructed many of the important projects in the Middle […]
