The latest Karbala investment news – Housing Crisis Karbala / Kerbala, building project, construction and more – brought to you by Iraq Business News
Iraq's National Investment Commission (NIC) has issued details of a proposed new monorail transport system for the city of Karbala. Project Name: Karbala Monorail General Specifications: Concrete monorail train that goes 6 meters above the medium sideway. Length of the preliminary line: Length of the operating lines: 15 KM The second and third phases to […]
The Karbala Investment Commission laid the cornerstone for four housing developments valued at a total of $850 million [1 trillion Iraqi dinars], and consisting of about 11.000 housing units, Media Director Raed al-Asali told Aswat al-Iraq: The first project will be carried out by a Chinese company to erect 1,300 housing units in Hur area, […]
Aswat al-Iraq news agency reports that Karbala's Provincial Council has decided on Monday to cut the electric power supplied to the cement plant run by French company Lafarge. “[The company] must get its power by itself and achieve an annual production of 30 million tons,” Tareq Gatifa al-Khikany, Chairman of the Council’s Economic Committee said. […]
Aswat al-Iraq reports that a Ministry of Oil geological team has arrived in the Ain Tamr area of Karbala [Kerbala] to explore for oil. Ain Tamr's local government official Mahfoudh Satai told the news agency that "there were many oil wells discovered 1970s that have not been fully excavated." Karbala's local government asked the Ministry […]
The Province of Karbala is negotiating with Hyundai Motors regarding the construction of mobile electricity plants to serve areas suffering most from blackouts, according to a report from Azzaman. Governor Amaludeen al-Hir said the two sides were discussing building several generators powered by fuel oil, that can withstand the country’s tough weather conditions, particularly the […]
Iraq hopes to complete negotiations with European investors to build a new oil refinery in the city of Karbala [Kerbala], the country's Deputy Prime Minister, Hussain al-Shahristani (pictured), said on Friday. The projected 140,000 barrel per day (bpd) Kerbala refinery is part of a plan to build four new refineries, adding around 750,000 bpd of […]
Aswat al-Iraq reports that a new investment commission was elected in Karbala on Monday. Nisai'if Jassim, the deputy chairman of Karbala's Provincial Council, told the agency that the previous commission has completed its legal term of three years service, and that five new members joined the commission. He hoped that the new commission will study […]
Iraq's Deputy Premier for Energy, Hussein al-Shahrestani, laid the foundation stone for the new 1250 megawatt al-Khairat power station in Karbala, which will add about 20% to power production in Iraq if completed as scheduled in April 2013. Iraqi energy officials on Sunday marked the start of work on a 1,250 megawatt power plant with […]
Karbala Chamber of Commerce called on the British embassy to facilitate Iraqi merchants in getting visas to visit the UK, to increase trade between the two countries. Chairman of the Chamber, Nabeel Al-Anbary, told Aswat al-Iraq news agency that he had talks with the British ambassador and a number of international companies in Baghdad. "During […]
The local council in Karbala [Kerbala] has granted 27 investment licences to international and Arab companies, including an Iranian company, the chairman of the Karbala council said on Monday. “All news assertions that Iranian companies control the Karbala market are baseless,” Mohammad Hamad al-Moussawi told Aswat al-Iraq news agency. “There is only one Iranian investment […]
The Chairman of the Committee for future projects in the governorate of Karbala, Hani Abboud, said in a statement to the press section of the National Media Center that the project to build an oil storage facility in Karbala [Kerbala] will be completed by March 2012. He said the project is being built on a […]
Karbala has allocated 70 billion Iraqi dinars [$60 million] from the 2011 budget to improve the electrical grid and road system in the province. The President of the provincial council in Karbala said that the Council decided to allocate 70 billion dinars from the budget for the sectors of electricity and roads from a total […]
