The latest construction and engineering news from Iraq – building, renovation, reconstruction projects and more – brought to you by Iraq Business News
The city of Karbala in central Iraq has stretched its 90bn-dinar budget ($75m) to hundreds of investment projects and has now been granted another 12bn dinars ($10m) by Iraq's Finance Ministry. As our blogger Stewart Blair wrote this month: "UAE property developers/investors have been active in the south where mixed use developments in Karbala are springing up […]
Iraq is to get new power plants in order to boost its energy capacity by 2,500 megawatts, reports Reuters. This will significantly add to its meagre total current production, which is around 5,500 megwatts. All the contracts for the 20 gas turbines, which were bought from General Electric, have been awarded to three Turkish companies. The contracts are […]
Urban and economic progress in Kurdistan continues with many relatively stable areas and regional policy both being attractive to foreign investment. Developments in oil, too, will not be affected by delays in forming the next Iraqi government, the local government says. The Kurdistan Regional Government points to its profit-friendly legislation including ten-year tax breaks and land set aside […]
More than $150bn of airport and logistics infrastructure is being considered, according to estimates reported by AME Info FZ. Interested bidders include British Aviation Group, German Airports Group, Gulf Ground Handling Association, Middle East Aerospace Consortium, and others. The first exhibition to get air investment truly off the ground will be the Iraq Airport Expansion, Cargo Logistics […]
Scaffolding is creeping up the walls of bullet-scarred villas across rubble-strewn Baghdad, and gangs of labourers are piling up bricks as growing security allows a mini-construction boom to take hold in Iraq, according to a report from Reuters. It may be the leading edge of a building surge as work now limited to a few […]
The Second Fair for Municipalities, Constructions, and Ceramics was opened on Monday, 12th July, in Erbil city. “The fair will last for one week,” a source from the fair told Aswat al-Iraq news agency on Sunday. He noted that 259 foreign firms from 10 countries are participating in the fair. AK News reports that Iran, […]
The Iraqi Minister for Construction and Housing, Bayan Dzehyi [Bayan Dezei], received the Bahraini ambassador to Baghdad, Salah Ali Al Maliki, to discuss cooperation in the construction sector. An official source at the ministry said that the minister discussed with the Bahraini ambassador, means of mutual cooperation in the implementation of projects or partnerships with […]
The increase in construction projects in Iraq is considered a positive indicator for Turkey's construction sector in the coming years, according to a report from World Bulletin. A report by the Undersecretariat of Foreign Trade (Export Development Research Center) said the construction and contracting sectors have entered a rapid growth phase in Iraq. The report […]
The Egyptian firm, Orascom, is ready to invest in the housing sector in Karbala, the company’s representative said on Wednesday. “Our company can construct more than 10 housing units in Karbala,” the representative told Aswat al-Iraq news agency. He noted that a similar project was finalized in Egypt in eighteen months. (Source: Aswat al-Iraq)
(Source: Aswat Al Iraq) Iraqis Ports Company has reached an agreement with a foreign firm to build 1,300 housing units for ports’ staff in the Basra province, in southern Iraq. “The compound will be constructed at the al-Najeebiya area, 25 km north of Basra,” a media source from the Iraqi company told Aswat al-Iraq news […]
(Source: Aswat Al Iraq) The second bridge was opened in Karbala on Thursday at a cost of 10 billion dinars [$8m], according to the governor’s media spokesman. “Municipalities Minister Riyad Gharieb, Health Minister Saleh Mahdi al-Hasnawi, Karbala Governor Amal al-Din al-Herr and Representative of the UN in Karbala, Ali Kamouna, as well as political and […]
A delegation representing two Turkish companies expressed readiness to implement health and housing projects in Karbala, the head of the Karbala council said on Tuesday. “The Turkish delegation presented housing and health proposals to be implemented in Karbala, including the establishment of two specialized hospitals,” Mohammad al-Moussawi told Aswat al-Iraq news agency. “The local government […]
