KfW Bank supports Construction of 4 Hospitals in Iraq

The number of cases of COVID-19-infected persons is also rapidly increasing in Iraq. The peak of the disease is expected in autumn. At least four new hospitals are to be built in the country's largest cities by then.

KfW is financing the construction on behalf of the German government with an initial amount of EUR 15 million. The contract was signed 23 July 2020.

At the end of April lockdown and corona restrictions were lifted in Iraq. Since then the number of cases has risen sharply. A peak in infections is expected in autumn, which will overburden the infrastructure of the health care facilities.

By then, almost 50,000 beds in hospitals, including 12,000 intensive care beds, will be needed for the treatment of COVID-19 patients alone. In Iraq, however, there are only just under 50,000 hospital beds at all, including about 700 intensive care beds.

To support the Iraqi health system KfW is financing the construction of at least four hospitals on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ) with an initial EUR 15 million. It is being examined whether further hospitals can be financed in a further phase.

A simulation of the course of infection according to a WHO model showed that the conurbations will suffer the highest case numbers. Therefore, four hospitals are planned in the major cities of Baghdad, Basra, Niniveh and Süleymaniye.

They will initially be built as temporary hospitals in modular prefabricated construction, but in the long term they can serve as regular hospitals. Each hospital will have 100 beds, including 40 intensive care beds. In the short term, more than 7,000 patients will benefit directly. But the separate treatment of COVID-19 patients in separate facilities is beneficial for all patients in the country, because otherwise isolation could not be guaranteed.

"This is a quick and lean response to the pandemic in Iraq, but we have to win the race against time and build the hospitals before case numbers continue to escalate," stresses KfW portfolio manager Moritz Remé. After many years of armed conflict the need for reconstruction in Iraq is particularly high. Income from the oil business has fallen due to the sharp drop in prices in recent months. Help from Germany is therefore urgently needed in Iraq.

(Source: KfW)

UK Drops Unaoil-related Probe into ABB

By John Lee.

The UK's Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case.

After a thorough and detailed review of the available evidence, the SFO concluded that this case did not meet the relevant test for prosecution as defined in the Code for Crown Prosecutors.

The SFO announced its investigation into ABB Ltd in February 2017 following a self-report by representatives acting on behalf of the company.

(Source: UK SFO)

Iraq Considers Reopening Cement Plants

The Higher Committee for Health and National Safety held a meeting in Baghdad on Monday via video conferencing under the chairmanship of Prime Minister Adil Abd Al-Mahdi.

The Committee reviewed and evaluated current measures to combat Covid-19 and received briefings from the Ministry of Health, specialists and officials from relevant ministries.

The Prime Minister commended the high degree of coordination between relevant government departments and the crisis cells across the country, which he said contributed to enabling Iraq to make progress in combating the coronavirus pandemic.

'Odd-even' rule for vehicles:

The Higher Committee decided that, based on even and odd numbered license plates, vehicles will be allowed on roads and public highways on alternate days. This measure comes into force on Tuesday 05 May 2020.

Helping families to return home:

The Higher Committee discussed how to assist families who, because of curfew and restrictions on movements, have been unable to travel between Iraqi provinces to return to their home.

The Committee said it is considering easing some restrictions for one day only to enable these families to return to their home towns, adding that it will make an announcement on this issue soon.

Restarting Iraq's cement plants:

The Higher Committee also discussed plans to restart Iraq's cement manufacturing plants to meet the needs of the local market and to maintain price stability.

Stay at home:

The Higher Committee called on all Iraqis to continue to stay at home, to go out only when absolutely necessary, and to comply with physical distancing rules.

(Source: Govt of Iraq)

Iraq 2020 – Discovering Business

Iraq Business News is delighted to bring you a major new guide to business in Iraq.

Published by Allurentis, in association with Iraq’s National Investment Commission (NIC), Iraq 2020 – Discovering Business contains a wealth of case studies, commentary and data; it’s 68 pages of essential reading for everyone with an interest in the redevelopment of Iraq.

And as Salar Ameen, of the National Investment Commission, says in the introduction:

“We are determined to embark on real change and open up to other countries by providing every incentive to invest in Iraq … there is a firm desire to stimulate the private sector.”

We’d like to congratulate Laura Curtis (laura.curtis@allurentis.com) and all her team at Allurentis on a splendid publication.

Iraq Business News is delighted to make this guide available to readers in pdf format: Please click here to view or download the full document.

ALE acquired by Mammoet

By John Lee.

UK-based heavy lifting company ALE has been acquired by Dutch company Mammoet BV.

ALE has worked on several major projects in Iraq, including Kerbala Refinery, and the oil fields at Majnoon, West Qurna 1 and 2, and Zubair.

ING acted as financial advisor to Mammoet.

(Sources: ALE, Mammoet)

Iraq seeks bids for Iraq-Jordan Oil Pipeline

By John Lee.

Iraq’s Ministry of Oil has invited bids fto build the Iraq-Jordan oil pipeline.

The first phase will be built on the Iraqi side, stretching 700 km from Rumaila to Haditha. This will have a capacity of 2.25 million barrels per day (bpd). This will be built on an engineering, procurement, construction and financing (EPCF) contract model.

The second phase, on the Jordanian side, will run 900 km from Haditha to the port of Aqaba. This section will be built on a Build Own Operate Transfer (BOOT) model.

Bids will be accepted from qualified companies up to the end of May, with a decision to be made by the end of 2020.

(Source: Ministry of Oil)

Iraq Buys More Pipes from Turkey

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)

Iraq Buys More Pipes from Turkey

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)

Conference: Find Out What’s Happening in Iraqi Business

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…

Conference: Find Out What’s Happening in Iraqi Business

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…