Al-Burhan Group has taken over the management of Baghdad International Airport Hotel in a joint partnership with the Iraqi Civil Aviation Authority (ICAA).

The hotel consists of 100 rooms, a fitness centre with sauna and steam room, the hotel also benefits from having a conference Centre, meeting rooms, exhibition space, large landscaped gardens and ample parking. The hotel has been operating for over a decade.

The hotel is in need of major refurbishment works both externally and internally, as well as to its structure. Al-Burhan Group started these works immediately on its managerial takeover on the 13th of October.

Al-Burhan Group plans to make the Baghdad International Airport Hotel a leading hotel within the airport in conjunction with its current facility the Al-Burhan Centre, located just a few minutes away the hotel will primarily house transit passengers, guests of government visiting Baghdad, and we hope in the near future, tourists. The airport will also be used for airlines at positioning overnight crews in Baghdad for their onward flights.

Speaking at a directors meeting, the Managing Director of ABG Mr. Imad Burhan expressed his pleasure in undertaking this new venture and of being given the opportunity to be able to make a positive change to the surroundings of Baghdad International Airport, thus confirming its position as a reliable leader in the hospitality sector.

(Source: Al-Burhan Group)

By John Lee.

Turkish mills’ pipe exports to Iraq have reportedly risen by 10.3 percent year-on-year for the first three quarters of this year.

According to S&P Global Platts, Iraq bought 139,000 mt of steel pipe during the period.

(Source: S&P Global Platts)

By John Lee.

Iraq has been ranked 172nd out of 190 countries in the World Bank‘s recent Doing Business 2020 report, down from 171st place the previous year.

Top of the list were New Zealand, Singapore and Hong Kong, with last place going to Somalia, just behind Eritrea and Venezuela. Iran ranked 127th, with Libya 186th.

Doing Business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. It provides quantitative indicators covering 12 areas of the business environment in 190 economies.

The goal of the Doing Business series is to provide objective data for use by governments in designing sound business regulatory policies and to encourage research on the important dimensions of the regulatory environment for firms.

More details on the full report here.

65-page profile of Iraq here.

(Source: World Bank)

By Sundus Abbas, SDGs project Manager.

The importance of human development in Iraq stems from the damage Iraqis underwent as a result of decades of despotism, war and different forms of violence and insecurity.

Despite all that, Iraq’s strongest asset and real wealth remains the young population that can face all forms of the current and future challenges.

As one of the countries that has the largest young population groups in the world “50% of the population are under 19 years old”, this fact has put Iraq under pressure on already scarce economic resources, including food, water, urban infrastructure and public services.

It is expected that 5 to7 million additional job opportunities will be needed according to the Iraqi Ministry of Planning. This number may be higher if labor force participation rates increase, especially among women.

Click here to read the full story.

(Source: UNDP)

By John Lee.

Two companies have been chosen by the United Nations Office for Project Services (UNOPS) for the “Long Term Agreement for Provision of Hardware Tools and Cleaning Materials in Iraq“.

  • Lot 1 – Central and Norther Governorates: awarded to Albilad Alhurra company 
  • Lot 1 – Central and Norther Governorates: awarded to HRA for General Trading, General Contracting and Oil services Ltd 
  • Lot 2 – Western Governorate: awarded to Albilad Alhurra company 
  • Lot 2 – Western Governorate: awarded to HRA for General Trading, General Contracting and Oil services Ltd 

Contract values were not disclosed.

(Source: UNGM)

IBBC hosts largest ever delegation of Iraqi business people at London Business Forum

In a wide-ranging business event over 230 Iraqi business-people and 70 British gathered to meet and discuss Business relations, trade, investment and engagement with the UK’s Business community.

Delegates from all regions of Iraq through the chambers of commerce gathered to hear from representatives of trade associations, IBBC members, chambers of commerce and investors.

Baroness Nicholson, President of IBBC, welcomed the new Iraqi Ambassador, H.E. Mr Mohammad Jaafar Al- Sadr, who gave a keynote address at the conference. The Ambassador speech was followed by an address of H.E Mr Karwan Jamal, High Representative of the Kurdistan Regional Government.

Of note were the panel from Iraqi business people, headed by Dr Dara Jalel Al-Khayat, Chairman of Federation of Chambers of Commerce and Industry of Kurdistan, and representatives from Babil, Baghdad and Basra Chambers, as well as the chair of the Importers and exporters association in Kurdistan.

From the British side, a panel consisting of Rod Dowler of the Industry Forum, Alan Rides MD of Hounslow Chamber of Commerce, Brigadier James Ellery of Turnkey LLC and Mr Peter Hunt of HWH Associates and Raed Hanna, MD of MFL Finance, all spoke positively of their experiences in Iraq, but tempered with advice on improvements to the Iraqi experience. Finally, Jessica Hao of Crossboundary associates spoke of opportunities to invest in start-ups and SMEs in Iraq with support of USAID.

Key messages included the enthusiasm with which the Iraqis are keen for British Investment into numerous sectors in Iraq, especially Agriculture, Petro Chemicals, Food Processing, Housing and Consumer goods.

The idea of joint ventures with British know how and expertise and Iraqi partners are also suggested as ways to overcome perceptions of risk in the country. However, many delegates all supported the notion that despite the present legitimate protests in many parts of the country overall peace and stability has returned to Iraq following the defeat of DAESH and that the business environment is getting more favourable. Nevertheless, much needs to be done to free up and boost the private sector, an essential step to meet the demands for real jobs and futures of the ever-increasing young Iraqi population.

Following the formal event, the delegates networked extensively with each other and the British contacts in the room.

The group move onto Northampton University, Ardley high tech waste centre, and High-tech leather innovation centre in Northampton University before returning to Iraq.

For more information on the contacts for exports and import opportunities, please contact London@webuildiraq.org

(Source: IBBC)

Allurentis, UK publishers of The New Iraq series, are now in production of Iraq – Discovering Business 2020.

The publication will be launched at the end of this year and circulated to companies and individuals looking to trade and invest in Iraq throughout 2020.

There are opportunities for organisations from all sectors to promote their services to a global audience through editorial features and advertising.

Iraq Business News is delighted to be partnering Allurentis on this project.

For further details, please contact Laura Curtis, Managing Director of Allurentis at laura.curtis@allurentis.com.

Germany’s MAN Energy Solutions is providing a drink can factory of the Royal Can Making Company (RCMC) in Iraq with six MAN 18V32/40 CD engines, with a total capacity of 53 megawatts (MW).

The recently constructed power plant in Baghdad, the capital of Iraq, will supply power to the RCMC manufacturing site and also to other nearby industrial plants.

Waldemar Wiesner, Head of Region MEA (Middle-East Africa), Power Plant Sales, at MAN Energy Solutions, explained:

Iraq is a country in the process of change. After the armed conflicts of the past, the World Bank is forecasting economic growth of 6.5% for this year…

“Providing local businesses with a reliable energy supply is the prerequisite for economic growth in Iraq.

“Our localized power plant solutions ensure the operation of industrial plants and make customers, such as the Royal Can Making Company, independent of the national power grid.

The new power plant guarantees a reliable energy supply for the RCMC drink can factory and therefore enables high utilization of production capacities, as the plant is no longer affected by fluctuations in the national grid. The company manufactures more than two billion drink cans every year.

Increased presence in the Persian Gulf

This year, MAN Energy Solutions has already commissioned two power plants in the Iraqi cities of Samawah and Basra.

We are proud that the Royal Can Making Company is another customer from the Persian Gulf region which is relying on energy solutions provided by MAN Energy Solutions. In total, we are now supplying more than 200 MW of power to rebuild the country’s infrastructure,” said Wiesner.

(Source: MAN Energy Solutions)

By John Lee.

The government-sponsored Taiwan External Trade Development Council (TAITRA) has reportedly signed a memorandum of understanding (MOU) with the Sulaimaniyah Chamber of Commerce & Industry (SCCI) in a bid to promote bilateral trade.

Taiwan News says the document was signed by SCCI President Sirwan Mohammed Mahmood and TAITRA Executive Vice President Leonor F. M. Lin (林芳苗), during the visit of a trade mission from Iraq to Taiwan for the procurement of machine tools, ICT products, food packaging machinery, and more.

According to TAITRA, automobile components, machinery, and construction materials are the three major exports from Taiwan to Iraq.

Sulaymaniyah, the second largest city in Kurdistan Region, has ramped up efforts to develop industry and commerce. Established in 1967, SCCI has 30,000 company members and is one of the most important trade associations in Iraq, said TAITRA.

(Source: Taiwan News)