American consortium Nour USA has been awarded a $327 million contract to equip Iraq’s new armed forces and civil defense corps, according to a US military statement.
The company was offered a fixed price indefinite-delivery/indefinite quantity contract to procure equipment Iraq’s new army, said the statement. Some $39 million of the funds has been obligated and work is expected to be completed by February 2005.
The statement said bids for the contract were called for in November last year and 19 consortia presented bids to the US-led Coalition Provisional Authority (CPA).
Nour USA is a joint venture between HAIFinance Corp., a private equity investment group headquartered in Washington, DC, and the Munir Sukhtian Group of companies headquartered in Jordan and operating throughout the Middle East.
The company was set up specifically to bid for business in postwar Iraq, purchasing in excess of 20,000 square feet of work and residential facilities in Baghdad with over 100 people on the ground. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
