February 16th, 2010
Of all infrastructure in Iraq, the transport network is one of the most critically underdeveloped. That may be changing as the country seeks to get on the move.
Iraq Highway
From the Eye On Iraq: The transportation sector is, unquestionably, one of the most fundamental services to Iraq’s population. With over 29 million people needing to get around on a daily basis, it represents a massive opportunity for investment and growth – not least as it is one area that has suffered from the twin effects of government neglect, placing it at the foot of the region’s transport systems in terms of development and modernization, and the ongoing security situation. Read the rest of this entry »
Tags: Iraq, Transport
Posted in Transport | 1 Comment »
February 4th, 2010
Wedding Island Baghdad
Iraq’s Tourism Board is seeking investors for the Development of Jazirat AI A’ras, also known as Jazirat Janain, a romantic island in the heart of historic Baghdad, on the Tigris River.
The island is wholly owned by the Tourism Board and is ready for immediate development into a multi-use resort and recreational tourist attraction.
The developer will master plan, design, construct, operate, and maintain the island as a private “for-profit” venture, leasing the land from the Tourism Board. Read the rest of this entry »
Tags: news, Tourism
Posted in Tourist | 6 Comments »
January 28th, 2010
Health
The Siemens Healthcare Sector, one of the world’s largest suppliers to the healthcare industry and a trendsetter in medical imaging, laboratory diagnostics and medical information technology, announced today a contract win of $69m to supply state-of-the-art diagnostics imaging equipment to all Ministry of Health hospitals across Iraq.
From : AME Info FZ LLC Read the rest of this entry »
Tags: Health, Iraq, news
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January 27th, 2010
“House building across the country creates far reaching opportunities for local and internal firms in Iraq”
Iraq Construction
From the Eye On Iraq: The Mayor of Baghdad, Sabir al-Issawi, has revealed a five-year plan to build 300,000 housing units in the city. According to al-Issawi, the country is talking with a wide variety of developers from across the world who are interested in investing in the country’s real estate market. The Iraqi government has identified the need for more than 1.5 million residential units countrywide.
A New Zealand construction firm, Atconz Real Estate Development, said Iraq is one of the most exciting emerging markets at present, and is about to start work on a $100 million project to build 1,565 residential units in a suburb of Irbil, the capital of the Kurdish region.
Read the rest of this entry »
Tags: Business, Construction, Iraq, news
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January 19th, 2010
Al Mmalweyya
Lebanese Chargé d’affaires in Iraq, Hazza Sharif that most tourist companies and Lebanese economic centers areseeking to resume its work and opening branches in the capital Baghdad this year.
Sharif said “many economic and tourism Lebanese projects are done in Iraq, especially in Erbil in Kurdistan Region, such as banks, hotels, most of them seeking to return to Baghdad.”
Sharif said that his country welcomes the signing of economic and cultural agreements , in the development of bilateral relations between the two countries, stressing that this is in the interest of both parties.
Iraq has witnessed a marked development in its relations with Arab and foreign countries , under upgrading of diplomatic representation in Baghdad, as well as the invitation of the Government of all investment companies to enter the Iraqi market.
Tags: Tourism
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January 19th, 2010
lufthansa
German airline Lufthansa on last week signaled its confidence in Iraq’s economic recovery when it became the first major European or US carrier in 20 years to announce the resumption of scheduled flights to Baghdad.
Europe’s largest airline said it was planning to fly to the Iraqi capital from Frankfurt and Munich some time this summer, hoping to profit from rising demand for such a service from European, American, and Iraqi business people…… Read the rest of this entry »
Tags: Airport, Transport
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December 29th, 2009
The I.T.P.C one of the M.O.C forms signed contract licenses using modern and developed network fiber optical cable with one of the specialized Iraqi companies in communications and internet ( Afig AL- SAMA for communications & internet ) company .This network will link Iraq with other countries via Turkey. Read the rest of this entry »
Tags: communication, Iraq
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December 29th, 2009
The State Company for Marine Transport, one of this Ministry’s companies, has finished negotiations for supplying it with two new multi – purpose vessels to vitalize its own marine fleet and to perform its genuine role as national transporter. This plan is being adopted within the directions of H.E. , Mr Amer Abdul – Jabbar Ismael , Minister of Transportation which aims at activating the said company’s role in possessing a number of vessels and practice its own duty as national transporter and energizing the Iraqi marine traffic . Read the rest of this entry »
Tags: port, Transport
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December 16th, 2009
Iraq aims to install four new floating oil terminals and three new undersea oil pipelines that will boost export capacity to 8 million barrels per day from a current 1.9 million bpd, a top oil official said.
Dhiya Jaafar, current chief of Iraq’s South Oil Company (SOC), which oversees the bulk of exports from the country’s vast oil reserves, on Wednesday told reporters work should be completed on the new terminals and pipelines in the second half of 2011. “There is a plan ready and it is under execution to establish four floating platforms and three new undersea pipes and we aim to finish this work in the second half of 2011,” he said, adding this would boost capacity to 8 million bpd. Read the rest of this entry »
Tags: Iraq Gas, Iraq Oil, news
Posted in Iraq Oil & Gas | 6 Comments »
September 7th, 2009
The general economic picture has substantially improved. Inflation came down from 17% to 12% in 2008. Major steps have been taken to open up the oil sector to international oil companies. Iraq’s trade volumes continue to grow and substantial investment opportunities are emerging.
Long term, the most effective security solution is economic growth and job creation. The Central Bank of Iraq is fighting a successful battle against inflation and the currency is strengthening.
Past obstructions to effective business are being removed, and Iraq is doing everything possible to help its private sector flourish. Thus, through an open trade and investment regime, an investor-friendly business environment is developing.
There are different legal regimes to attract foreign investment. Today, in most cases, foreign investors have been granted the same rights as national investors vis-à-vis their investments. Iraq’s new Investment Law, approved in 2006, guarantees a climate where foreign investment is facilitated.
Eng. Kadhum
Tags: Economy, Environment, Iraq
Posted in Iraq News | No Comments »
