The latest business news from Karbala, Iraq – oil, power, rail, housing projects & more – brought to you by Iraq Business News
Abu Dhabi-based Rotana, a leading hotel management company, announced the general manager and other senior appointments for its new property in Iraq, the five-star Karbala Rayhaan by Rotana. General manager Nader Mobader, a seasoned hospitality player with 18 years of industry experience in Asia, Africa and the Middle East, has been leading the team through […]
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is home to some of the most sacred sites for Shia Muslims. Pilgrims from across the Middle East visit in huge numbers. The Governor of Karbala urges western Shias to make the […]
By Ibrahim al-Jibouri. This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Karbala’s famous old city is home to two of Islam’s most important shrines and attracts millions of tourists. It is also surrounded by high walls and […]
By John Lee. Following the news last week that Muthanna Cement is to be rehabilitated, it has now been announced that a new cement plant is to be built in Karbala. The state-owned plant will require an investment of US$300 million and will be constructed by a Iraqi-Canadian joint venture. World Cement reports that the […]
By John Lee. According to a report from World Bulletin, a new 750-megawatt (MW) power plant in Mosul city is planned to be completed and operating by September 2013. Build and run by Turkey's Calik Energy [Calik Enerji], it will be Iraq's fourth-largest power station; the company's other plant at al-Khairat in Karbala is the […]
Iraq's State Company for Oil Projects (SCOP) has awarded French company Technip a significant contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) phase of the Karbala refinery. This award follows the front-end engineering design (FEED) executed by Technip in 2010. The scope of work will cover two phases: phase […]
By John Lee. Iraq's Ministry of Transport (MOT) has invited contractors to participate in a pre-qualification procedure for the construction of the new Middle Euphrates International Airport (MEIA). Sited near Kerbala [Karbala], the project will be financed by the General Federal Budget of the Republic of Iraq. MEIA will be a domestic and international airport […]
The new al-Hayrat [Khayrat] power plant in Karbala was officially opened on Friday. At a ceremony to mark the event, Iraq’s Deputy Prime Minister for Energy Affairs, Hussein al-Shahristani, thanked the Turkish company Calik Energy for completing the project successfully and on time. Ahmet Calik (pictured), CEO of Calik Holdings, said: "Al Hayrat energy power […]
By John Lee. UAE-based Bloom Properties has announced that it has signed a deal to build a massive new housing project on a 20 square kilometer site on the banks of Lake Razaza in Karbala. Construction Week Online reports that the company will develop up to 40,000 housing units in four different districts over a […]
The Mid-Euphrates provinces of Babel, Karbala and Najaf have reportedly agreed to build a new airport in Babel province. Babel Deputy Governor, Engineer Ali Abdul Siheil, told AIN that the airport will be built by the French Company EDB at a cost of $2 billion. “There were extended meetings held among the representatives of the […]
By John Lee. The National Investment Commission (NIC) has announced its intention to sign a contract with the local government of Karbala province to build 40,000 houses. NIC Chairman Sami al-Araji (pictured) said the housing complex (Thifaf Karbala), will be built by the UAE-based Bloom Properties, and is expected to be completed within eights years. (Source: […]
By John Lee. Azzaman reports that more than 2.5 million tourists visited Iraq in 2012, most of them on pilgrimage to the country’s holy shrines. Data issued by the Ministry of Antiquities and Tourism show that Iraq has become a top destination for Muslim, mainly Shiite, tourist. The numbers are reportedly the largest since the country […]
