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Old September 7th, 2010, 01:32 PM   #61
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ID34 billion mall approved in Ninewa

September 6, 2010 - 05:16:22
NINEWA / Aswat al-Iraq: The Ninewa investment commission approved on Monday to establish a big mall at a cost of 34.260 billion dinars ($29 million), according to the head of the investment commission.
“The commission agreed on Monday (Sept. 6) to give its 29th investment license to establish a mall in al-Nour neighborhood in eastern Mosul,” Muwafaq Yousses told Aswat al-Iraq news agency.
“A Turkish company will carry out the project,” he added, without giving further details.
Mosul, the capital of Ninewa, lies 405 km north of Baghdad.
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Old September 7th, 2010, 09:09 PM   #62
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thats good to hear. finally some projects in mosul.
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Old September 8th, 2010, 06:20 AM   #63
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LOL i believe this is the first non-cynical comment you posted about a project announcement on this forum !!
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Old September 8th, 2010, 02:50 PM   #64
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LOL i believe this is the first non-cynical comment you posted about a project announcement on this forum !!
perhaps i spoke too soon. this may still end up in the "scam project" list one day.
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Old October 4th, 2010, 06:47 AM   #65
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A private sector company is to build a cement factory, the second in southern Iraq's al Muthanna province, with a production capacity of one million tonnes and a total cost of USD 200 million.

Mr Ali Hannoun told Aswat al-Iraq news agency said that "We have completed all legal measures for contracting and handing over the land for the construction of a cement plant by al-Mabrouka private company, the second of its kind, over an area of 350 donums in al Fadwa village, 20 km southwest of Samawa.”

He added that "The new plant will be of a production capacity of one million tons and a cost of USD 200 millions.”

Mr Hannoun said the new plant shall witness the first steps of its construction by a Chinese company for the interest of its Iraqi Investor, Hatim al-Khawan, during the next few days, and will be completed within 30 months from now.

He added that "Both plants are expected to develop the cement industry in Muthanna and economic conditions in the province by allocating private and foreign capital to set up projects and help provide jobs for the unemployed in the province.”
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Old October 5th, 2010, 07:41 AM   #66
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Minister lays cornerstone for culture center in Najaf

October 2, 2010 - 03:51:43
NAJAF / Aswat al-Iraq: Iraqi Culture Minister Mahir Dalli on Saturday laid the foundation stone for a cultural palace in Najaf at a cost of 100 billion Iraqi dinars within preparations to celebrate Najaf as a capital of Islamic culture for 2012.
“The project, which stands over an area of 62 donums and a construction area of 48 square meters, will encompass a conference hall that can host 1500 persons, varied stages, gardens and bike parks,” Wassim Galabi, the chairman of the board of a Turkish firm that will carry out the project, told Aswat al-Iraq news agency.
“The project, which will stand on the new Najaf-Baghdad road, will take 450 days to finish. We wish to be ahead of schedule,” he added.
The holy Shiite city of Najaf lies 160 km south of the Iraqi capital Baghdad.

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Old October 12th, 2010, 03:17 PM   #67
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Italian company seeks to establish mall in Basra

October 12, 2010 - 03:05:47
BASRA / Aswat al-Iraq: An Italian company is seeking to establish a mall in Basra, an official source from the Basra local council said on Tuesday.
“A delegation from the company, which belongs to the Italian energy giant ENI, held a meeting with Basra governor and a number of local officials to discuss the establishment of a big mall in Basra,” Sadeq al-Safi, the governor’s economic adviser, told Aswat al-Iraq news agency.
“The company expressed interest to carry out several investment projects in Basra,” he added.
“The local government exerts big efforts to encourage investments and to facilitate investors’ mission in the province,” al-Safi noted.
Basra is 590 km south of Baghdad.
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Old October 12th, 2010, 09:57 PM   #68
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Originally Posted by elusive View Post
Italian company seeks to establish mall in Basra

October 12, 2010 - 03:05:47
BASRA / Aswat al-Iraq: An Italian company is seeking to establish a mall in Basra, an official source from the Basra local council said on Tuesday.
“A delegation from the company, which belongs to the Italian energy giant ENI, held a meeting with Basra governor and a number of local officials to discuss the establishment of a big mall in Basra,” Sadeq al-Safi, the governor’s economic adviser, told Aswat al-Iraq news agency.
“The company expressed interest to carry out several investment projects in Basra,” he added.
“The local government exerts big efforts to encourage investments and to facilitate investors’ mission in the province,” al-Safi noted.
Basra is 590 km south of Baghdad.
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Great news, i hope it goes through
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Old October 14th, 2010, 04:24 AM   #69
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Kuwaiti companies to implement projects in Karbala

October 13, 2010 - 04:44:13
KARBALA / Aswat al-Iraq: A number of Kuwaiti companies on Wednesday expressed desire to implement hotel and housing projects in Karbala, the province’s governor said.
“A delegation, representing a group of Kuwaiti companies, expressed readiness to carry out investment projects in Karbala,” Governor Amal al-Din al-Herr told Aswat al-Iraq news agency.
“The delegation held a series of meetings and talks with the local government and reviewed possible projects that could be implemented, mainly in hotel and housing sectors,” the governor added.
“Financial amounts allocated to Karbala by the federal government went to infrastructure projects and to government’s departments,” he explained.
Karbala is 110 km south of Baghdad.
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Old October 16th, 2010, 12:46 PM   #70
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The foundation stone for a project to set up a 1,000-unit housing project in Basra for the Political Prisoners Association was laid on Thursday, according to the PPA chief.

"The project, to observe global specifications, will have units 2.200 meters each. Al-Faw Company will embark on the project soon," Jassem Muhammad Jaafar said during a ceremony on the occasion.

"The implementation of this project in Basra mirrors the central government's care for the political prisoners and their sacrifices during the former regime's time," he added.

The foundation stone laying ceremony for the housing compound, near the Sports City in western Basra, was attended by members of parliament and local officials in the province.

The oil-rich port city of Basra, Iraq's only outlet to waterways, lies 590 km south of the Iraqi capital Baghdad.
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Old October 16th, 2010, 03:45 PM   #71
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i read about that, why is it being built near the sport's city?? lol
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Old October 17th, 2010, 01:51 AM   #72
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have no idea ! but that's good, sports city is being build in the middle of no where ! good to have other projects close to it.
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Old October 18th, 2010, 10:39 AM   #73
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Iran Launches Dairy Factory in Iraq
UNCATEGORIZED — BY ADMIN ON OCTOBER 17, 2010 AT 2:17 PM
Iran has set up its first dairy production factory in Iraq with the investment of more than $3million, said an Iranian official.
The plant produces 50 tons of dairy products per day, said Mohammad Mehdi Farshchi, the head of Hamedan provincial commerce organization, Mehr News Agency reported.
The factory, funded and built by Iran’s private sector, is planned to distribute its products to the Iraqi cities of Najaf, Karbala, Sulaimaniya, Erbil and Baghdad.
Farshchi added that 12 Iranian technicians along with 33 Iraqi workers are working in the factory.
The report did not give further details about the location of the plant.
Iran and Iraq have increased their political and economic ties after former Iraqi dictator Saddam Hussein was ousted in 2003.
According to the Trade Promotion Organization of Iran, Tehran and Baghdad have signed 100 memorandums of understanding since 2003 to boost economic cooperation.
Iran has exported $15 billion worth of goods to Iraq since then.
Growing Trade in Ramadan
The annual trade between Iran and Iraq is at $7 billion in 2010, Azzaman reported.
Trade exchange between Iran and Iraq is increasing and is expected to be worth $7 billion this year, the report read adding that despite the record figure, Iran says the volume of exchange is below expectations.
“The trade exchange between the countries is below the required level when compared with other states,” said Iran’s Economy and Finance Affairs Minister Shamseddin Hosseini.
The growth in volume of trade is noticeable in Iraqi supermarkets, shops and stores which brim with Iranian goods, particularly in central and southern parts of Iraq.
An indication of the growth trade exchange has been the recent deals the countries’ traders have signed for the import of Iranian goods during the Muslim month of fasting, Ramadan.
Sami Hamid, head of the Chamber of Commerce in the Province of Diyala says most of the deals are for the import of food stuffs, especially sugar and legumes.
“Hundreds of trucks laden with Iranian goods pass through the province every day,” said Hamid.
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Old October 18th, 2010, 10:40 AM   #74
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$10 billion to rebuild the run-down Iraqi township of Sadr City
PEOPLE — BY ADMIN ON OCTOBER 17, 2010 AT 2:22 PM
The Sadr City in the outskirts of Baghdad is perhaps Iraq’s most impoverished town – but its tragedy may finally come to an end.
If what Baghdad’s Mayor Saber al-Aysawi says is true, the Sadr City should become Iraq’s most modern in a few years.
A statement faxed to the newspaper and signed by Aysawi says the government has agreed to allocate $10 billion for the city’s reconstruction and that talks with international firms have reached an advanced stage to start the rebuilding.
A major British firm will be the main contractor with 10 more subcontractors that will be hired to do the massive reconstruction.
“The companies have 45 days to submit their designs and offers on how to implement the project,” says Aysawi in the statement.
Successive Iraqi governments have vowed to modernize the slum city but all their promises did not come true.
The city came into being in the early 1960s as a result of large influx of peasants from southern Iraq seeking better life in Baghdad.
The city is a warren of mainly one-storey houses, with streets and alleyways inundated with sewage water.
It is believed to be one the most densely populated cities in the world, with extended families of up to three generations living in small houses measuring 100 square meters on average.
Aysawi gave no details on what will happen to the city, but the fact that the reconstruction will cost $10 billion is worthy of note and if spent wisely it could change the livelihood of the city’s more than 2 million people to the better.
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Old October 18th, 2010, 03:07 PM   #75
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i really hope so elusive
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Old October 18th, 2010, 08:31 PM   #76
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Quote:
Originally Posted by elusive View Post
Iran Launches Dairy Factory in Iraq
UNCATEGORIZED — BY ADMIN ON OCTOBER 17, 2010 AT 2:17 PM
Iran has set up its first dairy production factory in Iraq with the investment of more than $3million, said an Iranian official.
The plant produces 50 tons of dairy products per day, said Mohammad Mehdi Farshchi, the head of Hamedan provincial commerce organization, Mehr News Agency reported.
The factory, funded and built by Iran’s private sector, is planned to distribute its products to the Iraqi cities of Najaf, Karbala, Sulaimaniya, Erbil and Baghdad.
Farshchi added that 12 Iranian technicians along with 33 Iraqi workers are working in the factory.
The report did not give further details about the location of the plant.
Iran and Iraq have increased their political and economic ties after former Iraqi dictator Saddam Hussein was ousted in 2003.
According to the Trade Promotion Organization of Iran, Tehran and Baghdad have signed 100 memorandums of understanding since 2003 to boost economic cooperation.
Iran has exported $15 billion worth of goods to Iraq since then.
Growing Trade in Ramadan
The annual trade between Iran and Iraq is at $7 billion in 2010, Azzaman reported.
Trade exchange between Iran and Iraq is increasing and is expected to be worth $7 billion this year, the report read adding that despite the record figure, Iran says the volume of exchange is below expectations.
“The trade exchange between the countries is below the required level when compared with other states,” said Iran’s Economy and Finance Affairs Minister Shamseddin Hosseini.
The growth in volume of trade is noticeable in Iraqi supermarkets, shops and stores which brim with Iranian goods, particularly in central and southern parts of Iraq.
An indication of the growth trade exchange has been the recent deals the countries’ traders have signed for the import of Iranian goods during the Muslim month of fasting, Ramadan.
Sami Hamid, head of the Chamber of Commerce in the Province of Diyala says most of the deals are for the import of food stuffs, especially sugar and legumes.
“Hundreds of trucks laden with Iranian goods pass through the province every day,” said Hamid.
This is good news, i love Iranian ge'mar although i dont think they call it that ??
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Old October 18th, 2010, 09:59 PM   #77
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Quote:
Originally Posted by elusive View Post
$10 billion to rebuild the run-down Iraqi township of Sadr City
PEOPLE — BY ADMIN ON OCTOBER 17, 2010 AT 2:22 PM
The Sadr City in the outskirts of Baghdad is perhaps Iraq’s most impoverished town – but its tragedy may finally come to an end.
If what Baghdad’s Mayor Saber al-Aysawi says is true, the Sadr City should become Iraq’s most modern in a few years.
A statement faxed to the newspaper and signed by Aysawi says the government has agreed to allocate $10 billion for the city’s reconstruction and that talks with international firms have reached an advanced stage to start the rebuilding.
A major British firm will be the main contractor with 10 more subcontractors that will be hired to do the massive reconstruction.
“The companies have 45 days to submit their designs and offers on how to implement the project,” says Aysawi in the statement.
Successive Iraqi governments have vowed to modernize the slum city but all their promises did not come true.
The city came into being in the early 1960s as a result of large influx of peasants from southern Iraq seeking better life in Baghdad.
The city is a warren of mainly one-storey houses, with streets and alleyways inundated with sewage water.
It is believed to be one the most densely populated cities in the world, with extended families of up to three generations living in small houses measuring 100 square meters on average.
Aysawi gave no details on what will happen to the city, but the fact that the reconstruction will cost $10 billion is worthy of note and if spent wisely it could change the livelihood of the city’s more than 2 million people to the better.
let us see the problems with this, highlighted in bold.

so basically the contractors have 45 days to come up with a redevelopment plan for a huge city that most probably none of them have actually visited nor seen any in depth information about...

$10Bn sounds like a big number. but for 2 million people... that works out to $5000 / per person.

Well, they're certainly not going to be doing much with that sort of money! perhaps the roads, sidewalks and sewages if they're lucky. But "modern housing", will be restricted perhaps to 10% or less of that total population...
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Old October 19th, 2010, 12:45 AM   #78
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What I don't understand is why they chose $10 Billion dollars !! it seems like a whimsical figure someone just thought up..

I love to see an studies, surveying , or any form of data acquisition, and how that relates to the $10 billion. A very nicely rounded figure, but is it based on reality?

Every time I see in the news a well rounded figure for redevelopment.. For some reason, it takes away from it's legitimacy..
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Old October 19th, 2010, 03:41 PM   #79
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Romanian company to implement residential project in Basra
October 18, 2010 - 08:37:04
BASRA / Aswat al-Iraq: A Romanian company has received initial approvals to implement a residential project in Basra, according to an official from the Basra Investment Commission (BIC).
“The BIC granted its initial approval to a Romanian company to carry out a residential project, which will include 6200 units in al-Kazieza region, northern Basra,” the source told Aswat al-Iraq news agency.
“The project will be implemented in four stages; every stage will include 1600 units,” he added.
“The project will receive the final and official agreements soon,” the source said.
Basra is 590 km south of Baghdad.
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Old October 19th, 2010, 03:43 PM   #80
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Originally Posted by BigDreamer View Post
What I don't understand is why they chose $10 Billion dollars !! it seems like a whimsical figure someone just thought up..

I love to see an studies, surveying , or any form of data acquisition, and how that relates to the $10 billion. A very nicely rounded figure, but is it based on reality?

Every time I see in the news a well rounded figure for redevelopment.. For some reason, it takes away from it's legitimacy..
yeah its pretty weird...
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