Aviation Iraq signs deals to advance new civil airport project By Pramod Kumar July 17, 2024, 5:08 AM CSCEC A rendering of Nasiriyah International Airport in Iraq. Bilateral trade between China and Iraq amounted to nearly $50 billion in 2023 Iraq has signed two contracts for the construction of Nasiriyah International Airport in Southern Iraq. The Iraqi transport ministry this week signed an addendum to the construction contract with China State Construction Engineering Corporation (CSCEC) and the consulting contract with Turkey’s Kiklop Design Hertz Insaat, the state-run Iraqi News Agency reported. The Turkish company will oversee construction implementation of the first civilian airport in the Dhi Qar governorate, while the Chinese company will construct the airport, the news agency reported, quoting Taha Khaled Ismail, director of the legal department at the General Company for Airports and Air Navigation Management. NewsletterGet the Best of AGBI delivered straight to your inbox every week Last year, CSCEC commenced the construction on the 3,400-metre-long runway at the airport. The runway will be capable of landing wide-body aircraft such as the Boeing 747 and Airbus A340. Once completed, the project will have an annual passenger capacity of 2.5 million. US firm wins $46m contract to boost Iraq infrastructure UK company to work on Iraq’s $10bn gas project Chinese companies snap up Iraqi oil and gas blocks The Iraqi government signed the construction deal with CSCEC in June 2021. Iraqi Airways resumed direct flights from Baghdad to Beijing this month, ending a hiatus of several years, with hopes of increased business travel and tourism. According to the International Trade Centre, bilateral trade between China and Iraq amounted to nearly $50 billion in 2023.
Markets Oman’s Asyad Group plans IPO of shipping unit Asyad Group, a logistics business owned by Oman’s sovereign wealth fund, has announced plans to float its shipping unit on the Muscat stock exchange. At least 20 percent of Asyad Shipping Company will be sold in the initial public offering. The Asyad IPO will be divided into two tranches. The first is 75 percent of […] 59 mins ago
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Industry Almarai to increase poultry output by 35% Almarai, the Middle East dairy and food production group, announced plans to increase its poultry output by 35 percent this year as it continues with its multi-billion-dollar expansion plans. The Riyadh company reported fourth-quarter profit of SAR430 million ($115 million), an increase of 16 percent, as revenue rose 4.8 percent to SAR5.15 billion. It announced a […] 2 hours ago
Construction German company to assess proposed Spain-Morocco tunnel A German-owned company has been awarded a contract to conduct a feasibility study on building an undersea railway tunnel between Morocco and Spain, the latest indication that the long-stalled plan could become reality. If built, the tunnel would be one of the longest of its kind worldwide and would make transporting goods and people between […] 2 hours ago
