By John Lee.

The CEO of Germany’s Siemens has said that US President Donald Trump would support his company’s role in reconstruction projects in countries like Iraq.

Joe Kaeser (pictured) made the comment to CNBC at the World Economic Forum (WEF) in Davos, Switzerland.

Following a hotly-contested competition in 2018, it was agreed that Siemens and rival GE would share the work to upgrade Iraq’s electricity system, with GE supplying 14 gigawatts (GW), and Siemens 11 GW.

Siemens employs around 60,000 workers in the US.

(Source: CNBC)

The Iraq Britain Business Council (IBBC) is delighted to be holding a Tech forum within the main Conference at Address Hotel in Dubai on December 8th.

Principal among the speakers are Mr Yassin Bhija of GE Healthcare and Mr Uwe Bork of Siemens Healthcare who are driving the healthtech panel – exploring the hot topic of ‘How best to Develop primary and general healthcare in Iraq.’

Iraq has structural and tactical issues in providing universal healthcare at all levels of delivery and in all locations and classes. The two leading healthcare companies will discuss how tech solutions in general can address the issue and how their particular capabilities contribute to the general provision of healthcare.

Following on the Education Tech panel, will be discussing ‘The importance of Digital literacy in Iraq’, led by Google’s Mr Martin Roeke, Dr Victoria Lindsay of the British Council and Mr Timothy Fisher CEO of Stirling Education.

The Forum is sponsored by Innovest Middle East, an investment company that invests in startups during their scaling up stage in key markets in the Middle East region. With representations in Lebanon, Dubai, KSA, and Iraq, Innovest Middle East has played a key role in driving the startup ecosystem through direct investments as well as through supporting incubation and acceleration platforms collaboration with governmental and international bodies. In Iraq, Innovest Middle East launched IRAQPRENEURS in 2018, in collaboration with the World Bank, Central Bank of Iraq and leading private organizations, which grew to become one of the leading nationwide entrepreneurship empowerment platform in Iraq.

Mr Bassam Falah, CEO of Innovest will be addressing the delegates on the progress in support of the Iraqi start up ecology.

More speakers are expected to confirm.

For more information and to register, please contact london@webuildiraq.org.

(Source: IBBC)

The Iraq Britain Business Council (IBBC) will also be holding a Tech Forum on 8 December, which will run in parallel with its Autumn Conference at the Address Hotel, Dubai.

IBBC tech conference is bringing together some of the key innovators of Tech in Iraq and will be speaking on how Digital Technology can deliver Health and Education for Iraq.

Speakers include representatives from EY, Siemens, GE Healthcare, Google, KPMG, and others.

Digital Transformation and Technology is at the heart of a better future for Iraq, join us and deliver this future together

 

AGENDA

Chairman of the day: Ashley Goodall, IBBC

14.00    How technology can support the delivery of the healthcare services in Iraq?

Panellists:

    • Dr Uwe Bork, Siemens Healthcare
    • Mr Yassine Bhija, Director of Enterprise Solutions, GE Healthcare
    • KPMG
    • EY

Coffee

16.00    Developing Digital literacy in Iraq

Panellists:

    • Mr Timothy Fisher, Stirling Education
    • Dr Victoria Lindsay, British Council
    • Mr Martin Roeske, Google Education and Govt affairs.

 

Register Now

Registration is FREE to Tech conference and for Women’s group discussion 

london@webuildiraq.org or phone +44 (0) 20 7222 7100 to request a registration form. 

The Iraq Britain Business Council (IBBC) took a significant group of members on a trade mission to KRI this week. Paramount was the need to review business opportunities and investment in the region and to learn directly from the Prime Minister Barzani his plans for business and industry.

The group, led by Baroness Nicholson, UK Trade Envoy to Iraq, Christophe Michels MD of IBBC and Eng Rasmi Al Jabri, Deputy Chairman of IBBC included representatives from Jaguar LandRover, Crescent Petroleum, EY, Siemens, Sardar Trading Agency, Garda World, Stirling Education, KPMG, G4S, OilServ Kuwait, and from the DIT Mr Rawand Askary, and James Thornton of UK FCO.

The Prime Minister introduced a number of Ministers for discussion with the group, including KRI Minister of Electricity Mr Kamal Mohammad Saleh discussing project finance and other related matters. The DG of the KRIs MoI joint crisis coordination centre Mr Hoshang Mohamed discussed the clearance of IEDs & mines and the handling of the overall IDP and refugee crisis (that G4S have been heavily engaged with).

In conversation, Mr Barzani stated that ‘the KRI government will bring in reforms to cut down on red tape for the private sector to develop. It will pursue a policy of registering companies through a ‘one window’ online portal which should allow company registrations to be done in the same time it takes in western countries to do so. He also said that the new administration is streamlining overall bureaucracy for private businesses to limit unnecessary Government interference.

The Government is also planning to draft a new bribery law to fight corruption and is looking at reviewing its financial framework to encourage PPPs throughout the economy including education and health. Diversification of the economy is big on the agenda with agriculture, tourism and the manufacturing of goods being a priority. KRI should import less and produce more and eventually find markets outside its borders for its products. Foreign partners for all of this are sought after.’

A permanent revenue sharing agreement with Baghdad is top of the agenda among other things to allow credit export agencies to work directly in the KRIG.’

On Sunday the Planning Minister and Mr Amanj Raheem, Cabinet Secretary, Kurdistan Regional Government spoke, and the Ministers for Construction and Electricity attended the British Consulate Reception taking place at the JLR show room kindly sponsored by Sadar Trading Agencies – thanks to Mr Sardar Al-Bebany Chairman and CEO. Dr Dara Al Khayat, Chairman of KRI federation of Chamber of Commerce and Industry in Erbil, hosted a Monday evening event and on Tuesday the mission visited Crescent Petroleum offices.

The trip continued to Baghdad

(Source: IBBC)

From Peace to prosperity:

The Conference to find out what’s happening for Iraq business.

The Iraq Britain Business Council (IBBC) Autumn Conference in Dubai on December 8th is set against a backdrop of relative peace and security in Iraq, and the prospect of oil revenues surging through the economy is driving a wider range of business opportunities and a prospective 8% increase in GDP.

Peace is enabling the economy to diversify through the revenues that pay for a range of infrastructure projects. So this Autumn we are focusing on a range of sectors set to benefit from a stable Iraq: namely, Water, Transport and Logistics, Energy and Tech.

The recent protests have also spurred on Government reforms and incentives to drive employment, entrepreneurship and service diversity, and increase the volume of opportunity that lies ahead and the prospects for not just business-to-business but also a burgeoning consumer market.

The Iraqi Electricity Minister will likely be speaking about his reforms to open up the market to SME’s, training and new players. Other ministers including those from Construction and Transport are attending.

The recent announcement of a 10year tax-free period for SMEs in Iraq will also stimulate the Tech entrepreneur market and drive the uptake of engineering skills.

At this conference, we will discuss big-picture economics with Professor Frank Gunter (Lehigh University), Ahmed Tabaqchali (AFC Iraq Fund), and Simon Penny (UK Trade & Investment), who will address the economic backdrop in the Middle East, and the context for Iraq in particular.

The World Bank and Wood Plc will cover the water sector, while Rolls Royce, Basra Gateway Terminal (BGT), and Menzies will look at transport and logistics, and Iraq’s Electricity Minister, GE, Siemens and Enka will focus on energy.

Alongside the conference our Tech Forum brings experts on HealthTech and Educational Tech, including speakers from GE, Siemens Healthcare, KPMG, EY, Google and the British Council, among others.

While key opportunities will be outlined, the real opportunity for business is to meet the people directly involved in contracts and supply-chain opportunities. This is the place to do business, to network and to find out what’s happening in the Middle East’s most potentially dynamic market that is Iraq.

For further information and to find the latest updates on speakers – more are expected – please contact  london@webuildiraq.org or visit the website to register for tickets.

https://iraqbritainbusiness.org/event/autumn-conference-at-the-address-hotel-dubai

The year it’s all on the up…

By John Lee.

Germany’s Siemens and Egypt’s Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq.

The plants will have a combined generation capacity of 1.6 gigawatts (GW) when completed and are a major step in Siemens’ roadmap for rebuilding Iraq’s power sector that has already added more than 700 megawatts to Iraq’s grid.

Work at Baiji, which is about 250 km north of Baghdad, will begin once the contracts are approved by Iraq’s Council of Ministers and a financial agreement is reached with the Ministry of Finance. The projects are expected to be completed within 28 months after the financial closing.

The power plants in Baiji were severely damaged by Islamic State militants. Recovering the lost capacity from the plants will help Iraq power its biggest oil refinery located in the city, a concrete plant, and will provide electricity to thousands of homes in Salahuddin province and other areas.

Iraq’s Electricity Minister Luay al-Khateeb, Siemens AG’s Joe Kaeser (pictured) and Osama Bishai, the CEO of Orascom Construction, witnessed the signing of the agreement on the sidelines of the Iraq Energy Forum 2019 in Baghdad.

Siemens will supply four new SGT5-2000E gas turbines and will inspect and revamp six exiting ones. The company will also provide two 400kV and one 132kV substations, along with generators, auxiliaries, automation and control systems, and related electrical equipment.

Dietmar Siersdorfer, CEO Siemens Middle East and UAE, said

“Iraq’s economic transformation is picking up pace, and this project demonstrates Siemens’ commitment to help Iraq’s Ministry of Electricity provide efficient and reliable power to all its people. We are proud to begin this project to help Iraqis in liberated areas recover and prosper.”

Discussing the deal, Karim Amin, CEO of Power Generation at Siemens AG, said:

The reconstruction of Baiji 1 and 2 power plants mark the second phase of our roadmap in Iraq and will be the biggest so far in terms of power generating capacity when both plants are completed.

“The rebuilding of Baiji will secure 1.6 gigawatts and will create hundreds of jobs, which is a further demonstration of Siemens’ commitment to support knowledge transfer to the Iraqi people.”

Siemens’ footprint has been expanding in Iraq and the company is now active at over 20 locations, from Basra to Erbil. Siemens also has some recent experience in Baiji.

Earlier this month, Siemens delivered power equipment to ensure constant electricity for a clinic being built in the city and will also donate Siemens medical equipment for the facility. Al-Tawheed Center is expected to open this year and will be able to treat 10,000 patients a year.

Siemens and Iraq’s Ministry of Electricity signed an implementation agreement to kick off the execution of the roadmap for rebuilding Iraq’s power sector in April 2019. Within the implementation agreement, the two agreed on the award of contracts valued at approximately €700 million for Phase 1 of the Roadmap.

(Source: Siemens)

By John Lee.

Germany’s Siemens and Egypt’s Orascom Construction signed an agreement with Iraq’s Ministry of Electricity to rebuild Baiji 1 and Baiji 2 power plants in northern Iraq.

The plants will have a combined generation capacity of 1.6 gigawatts (GW) when completed and are a major step in Siemens’ roadmap for rebuilding Iraq’s power sector that has already added more than 700 megawatts to Iraq’s grid.

Work at Baiji, which is about 250 km north of Baghdad, will begin once the contracts are approved by Iraq’s Council of Ministers and a financial agreement is reached with the Ministry of Finance. The projects are expected to be completed within 28 months after the financial closing.

The power plants in Baiji were severely damaged by Islamic State militants. Recovering the lost capacity from the plants will help Iraq power its biggest oil refinery located in the city, a concrete plant, and will provide electricity to thousands of homes in Salahuddin province and other areas.

Iraq’s Electricity Minister Luay al-Khateeb, Siemens AG’s Joe Kaeser (pictured) and Osama Bishai, the CEO of Orascom Construction, witnessed the signing of the agreement on the sidelines of the Iraq Energy Forum 2019 in Baghdad.

Siemens will supply four new SGT5-2000E gas turbines and will inspect and revamp six exiting ones. The company will also provide two 400kV and one 132kV substations, along with generators, auxiliaries, automation and control systems, and related electrical equipment.

Dietmar Siersdorfer, CEO Siemens Middle East and UAE, said

“Iraq’s economic transformation is picking up pace, and this project demonstrates Siemens’ commitment to help Iraq’s Ministry of Electricity provide efficient and reliable power to all its people. We are proud to begin this project to help Iraqis in liberated areas recover and prosper.”

Discussing the deal, Karim Amin, CEO of Power Generation at Siemens AG, said:

The reconstruction of Baiji 1 and 2 power plants mark the second phase of our roadmap in Iraq and will be the biggest so far in terms of power generating capacity when both plants are completed.

“The rebuilding of Baiji will secure 1.6 gigawatts and will create hundreds of jobs, which is a further demonstration of Siemens’ commitment to support knowledge transfer to the Iraqi people.”

Siemens’ footprint has been expanding in Iraq and the company is now active at over 20 locations, from Basra to Erbil. Siemens also has some recent experience in Baiji.

Earlier this month, Siemens delivered power equipment to ensure constant electricity for a clinic being built in the city and will also donate Siemens medical equipment for the facility. Al-Tawheed Center is expected to open this year and will be able to treat 10,000 patients a year.

Siemens and Iraq’s Ministry of Electricity signed an implementation agreement to kick off the execution of the roadmap for rebuilding Iraq’s power sector in April 2019. Within the implementation agreement, the two agreed on the award of contracts valued at approximately €700 million for Phase 1 of the Roadmap.

(Source: Siemens)

By John Lee.

Iraq’s Cabinet of Ministers has approved a loan agreement between the Federal Ministry of Finance, Standard Chartered Bank and the German Deutsche Bank for the purpose of financing the construction of 13 secondary substations (132) kV, and the supply of 35 high voltage transformers with the German company, Siemens, for the Ministry of Electricity.

The Cabinet also approved the recommendation of the Ministerial Council on Energy to expand Bismayah power plant.

(Source: Government of Iraq)

Siemens, the Iraqi Ministry of Health and the Directorate of Health in Salah ad-Din Province have announced the completion of building repairs and the impending installation of Siemens medical equipment at the Al-Tawheed Center.

The clinic, located in Baiji, has been fully renovated by the Ministry of Health and will be equipped with Siemens technology to provide much-needed medical care to residents of the province, approximately 200km north of Baghdad.

Siemens will donate all medical and power equipment required for the Al-Tawheed Center to the German non-governmental organization Stiftung der Deutschen Lions, enabling them to complete center’s rehabilitation.

When complete, the center will have the capacity to treat up to 10,000 patients a year. The Siemens equipment includes a digital x-ray, a dental treatment center, state-of-the-art laboratory equipment including a hematology blood analyzer, a power transformer and other technical equipment required to ensure uninterrupted power supply.

Musab Alkateeb, CEO of Siemens Iraq, said:

This health clinic is an important part of our commitment to the Iraqi people, and we are pleased to be working with the Ministry of Health and local leaders to return this important facility to the community.

“Siemens has a long relationship with the city of Baiji and its people, and we understand the importance of enabling access to high-quality, reliable healthcare as we work together to build the New Iraq.

(Source: Siemens)

Germany’s Siemens has received an order to supply the key components and long-term power generation services for the 840-megawatt (MW) Maisan combined cycle power plant in Iraq.

CITIC Construction Co., Ltd., the Chinese engineering procurement and construction firm building the plant, and Iraqi developer MPC, part of Raban Al-Safina for Energy Projects (RASEP) awarded the contract valued at more than EUR 280 million to Siemens.

The independent power project is expected to deliver first power by March 2021 and enter full combined cycle mode by early 2022. The plant will supply sufficient electricity to meet the needs of more than three million Iraqis, while also supporting the industrial sector.

The Siemens scope of supply includes two SGT5-4000F gas turbines, oneSST5-4000 steam turbine, and three SGen5-2000H generators, along with the SPPA-T3000 control systems, transformers and related electrical equipment, and the fuel gas system.

Saadi Saihood, Chairman of Raban Al-Safina Group, said, “Maisan combined cycle power plant project will be one of the unique projects in a series of power generation projects in Iraq’s history that will stand out due to its combining innovative German technology with an experienced Chinese EPC service provider. We are confident that such a strong team will enable us to deliver a successful project that will benefit millions of Iraqis.”

“Iraq is undergoing an economic transformation, and as the country embarks on a series of ambitious infrastructure projects, efficient and reliable electricity will be essential to powering this development,” said Dietmar Siersdorfer, CEO of Siemens Middle East and UAE. “With a presence in the country that dates back more than 100 years, we are proud to support the generation of half of Iraq’s power supply. We are also committed to providing vocational training for up to 1,000 Iraqis in order to develop a pipeline of talented local employees who can contribute to the new Iraq.”

New Maisan power plant to supply electricity to 3 million Iraqis

The Maisan combined cycle power plant in Iraq will add 840 megawatts to the grid and provides a reliable power supply for more than three million Iraqis.

“This project will mark an important power generation milestone in Iraq. The state-of-the-art power island that will be installed by Siemens, including the latest technology of F-class gas turbines, will turn the Maisan power plant into the most efficient gas-fired combined cycle power plant in Iraq. This is very critical for the economics of the long-term operations and the effective utilization of fuel,” said Karim Amin, CEO of Power Generation at Siemens Gas and Power. “In addition, the long-term service agreement is designed to ensure increased efficiency and maximum availability of the power plant while also providing technical training for local Iraqi staff on the operation and maintenance (O&M) front. This will support skills development and knowledge transfer to the Iraqi people.”

Siemens will also utilize its Power Diagnostics Services (PDS), part of the Omnivise Digital Services portfolio. The company’s PDS solution combines asset data with industry expertise to deliver information that allows faster and accurate predictive analysis for effective decision-making. This enables improved operational planning to increase availability, mitigate risks, and optimize operational costs.

Siemens and the Ministry of Electricity of the Republic of Iraq recently signed an implementation agreement to kick off the actual execution of the roadmap for rebuilding Iraq’s power sector. As part of the implementation agreement, the two agreed on the awarding of contracts valued at approximately EUR 700 million for phase 1 of the roadmap. This includes the EPC construction of a 500 MW gas-fired power plant in Zubaidiya, the upgrade of 40 gas turbines with upstream cooling systems, and the installation of thirteen 132 kV substations as well as 34 transformers across Iraq.

(Source: Siemens)