Tag Archives | Infrastructure

Iraq Leads Region with $519bn in Planned Projects

By John Lee. Iraq is now among the biggest spenders in the Middle East when it comes to planned or under-way infrastructure projects, rivalling the expenditure of Saudi Arabia and the UAE, according to the MEED's Gulf Project's Index. Iraq's southern neighbours are spending $1.o5 trillion and $713bn respectively,but Iraq's rising expenditure on energy projects […]

Romanian Company Wins Iraqi Rail Contract

By Matthew Gayle. The Iraqi government has signed a memorandum of understanding (MoU) with Romanian railcar producer Astra to establish a joint railway company based in Iraq. According to Al-Shorfa, the Iraqi-Romanian company, which will specialize in producing trains, will be based in al-Samawa, southern Iraq. The company will also focus on rehabilitating the train […]

Minister for Construction: "We Need International Companies"

Iraq's Minister for Housing and Construction, Mohammed Sahib al-Darraji, spoke to Gavin Jones for Iraq Business News: The Ministry of Housing and Construction is responsible for building over 2 million houses between now and 2015, as well as several thousand kilometres of highway and several dozen schools, hospitals and various other infrastructure projects; it's a […]

Iraq Seeks up to $700bn Investment in Infrastructure

Sami al Araji, chairman of Iraq's National Investment Commission (NIC), has told a business audience in New Delhi that his country needs $500-$700 billion in investment to rebuild its infrastructure. Araji compared the opportunities in Iraq to "Germany after the Second World War", adding, "our message to the world is that we are open for […]

Iraq Seeks Investment to Upgrade Transport Network

Iraq's transport minister, Hadi al-Ameri [al-Amari] (pictured), has appealed to foreign firms to help restore his country's dilapidated infrastructure by rebuilding airports and constructing a European-style rail network, according to a report from AFP. Addressing nearly 50 companies in Baghdad's heavily-fortified Green Zone, he said that as Iraq's oil income rises in the coming years there […]

Jordan Invited to Join $40bn Iraqi Reconstruction Plan

The Iraqi housing and rehabilitation minister, Mr Mohammad Darraji, has urged Jordanian construction firms and contractors to enter Iraq, reports Steel Guru. Jordanians have a real opportunity to contribute to Iraq's huge rebuilding projects, for which the government has allocated $40 billion in 2012, he said. Mr Darraji made the remarks during a meeting with […]

Time Running Out for Iraq's Ministers

With just another month to go in Nouri al-Maliki's 100-day ultimatum to his ministers to improve services, the Prime Minister is now increasing the pressure once more. In addition to sacking ministers who have not performed within the required time, Maliki is also suggesting dissolving the government or even the entire parliament, either at the […]

Iraq to Spend $37 billion on Infrastructure

Iraq has approved an ambitious $37-billion [45 trillion Iraqi dinar] programme to upgrade Iraq's collapsing infrastructure, which has fallen victim to three decades of war and sanctions, government spokesman Ali al-Dabbagh (pictured) said on Tuesday. AFP reports that the cabinet's plans, which must now be approved by parliament, are the latest in efforts by the […]