BIOGH has announced that the Masterplan for the Basra International Oil and Gas Free Zone has been formally approved by the Consulting Bureau of the College of Engineering at the University of Basra, and by the Iraq General Commission for Free Zones. This planning approvals milestone represents an ongoing successful collaboration, notably with the efforts […]
Iraq's General Commission for Free Zones, part of the Ministry of Finance, has announced the conclusion of a number of investment contracts in the Khor al-Zubair Free Zone. AIN reports that the local (Rashid) Trade Company concluded an investment contract involving a land area of "up to" 4000 sq meters, while another local investor concluded […]
Officials in Egypt have announced a new 2-million m2 free zone for Egyptian industrial projects in Iraqi Kurdistan. Following a meeting with the KRG's Minister of Trade and Industry, Sinan Chalabi [Senan Jalabi], the Chief of the Egyptian Commercial Body, Anwar al-Sahrjty, said: "The two sides agreed to study the possibility of establishing Egyptian plants […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq, with its privileged geographical location, plans to improve the performance of its three free-trade zones. It also intends to establish new free-trade zones as part of efforts to diversify its […]
By John Lee. In collaboration with OECD and and National Investment Commission (NIC), a special two-day training course in the management of investment zones was held recently in Baghdad. On behalf of NIC chairman Dr. Sami Al-Araji, NIC advisor Dr. Abdullah Al-Bander welcomed participants representing several ministries, including Industry and Minerals, Communication, Finance and the […]
By John Lee. Iraq’s Free Zone Authority (FZA), an independent authority under the Ministry of Finance, has signed an agreement with the City Centre for Vehicles Services Company to approve a new free zone in Baghdad. The Director General of the Authority, Sabah Salih al-Qaisi (pictured), said the new free zone would be in the Awiridj […]
International developer EPGI has announced that they have been awarded the development management contract to develop and build the new Basra Oil and Gas International Free Zone in Iraq. The project is the second largest of its kind in the world covering over 11 million square metres, and is strategically located near the southern Iraq […]
By John Lee. Mawtani reports that the Iraqi government has approved the construction of a private free-trade zone south of Baghdad. Sabah al-Qaisi (pictured), the chairman of the Ministry of Finance's General Commission for Free Zones, told Mawtani: "[The Ministry of Finance's General Commission for Free Zones] approved two requests submitted by a group of local […]
By John Lee. The General Commission for Iraqi Free Zones (IFZ) has signed a contract to establish a special zone for commercial activities in accordance with the Free Zones law number 3 of 1998, reports to Aswat al-Iraq. IFZ director Saleh Saleh al-Qeissi [Sabah Saleh al-Qaisi] said: "The IFZ signed an investment contract with the Eaamar […]
DLA Piper, the global law firm, has advised on a major deal in Iraq, to create a specialised oil and gas free zone. The firm acted on behalf of Basra International Oil and Gas Hub (BIOGH) on a joint venture agreement with the Iraqi Free Zone Authority, a unit of the Ministry of Finance. The […]
By John Lee. The Iraq General Commission for Free Zones and Basra International Oil and Gas Hub (BIOGH) have formed a joint venture to create a "free zone" for oil and gas at Khor Al-Zubair. Totaling 11 million square meters (about 118 million square feet) and located directly adjacent to the strategic Khor Al-Zubair port, […]
By John Lee. Two contracts have been signed with a company from the United Arab Emirates to invest in the Zubair Free Zone, according to a report from Aswat al-Iraq. AIN names the company as "Oren Hidrocker Pons", and says it is a specialist in the chemical industry. One project is described as "commercial", the […]
