Nour USA, a privately held US-led consortium, has won a $327 million contract to supply Iraq's new armed forces and the Iraqi Civil Defence Corps with equipment, the US military said on Saturday.
"Nour USA...is being awarded a $327,485,798 firm fixed price indefinite-delivery/indefinite-quantity contract to procure equipment for the Iraqi Armed Forces and the Iraqi Civil Defence Corps," the military said in an email announcing the deal.
"At this time, $39 million of the funds has been obligated. Work is expected to be completed by February 2005," it said. Nour, based in Vienna, Virginia, was set up specifically to bid for business in post-war Iraq and has previously won an $18 million contract to provide security in the country.
Nour's partners include HAIFinance, a private equity group based in the United States, and Jordan-based conglomerate Munir Sukhtian Group.
The statement said bids for the contract were sought in November last year and 19 consortia presented bids to the Coalition Provisional Authority (CPA), the US-led administration in Iraq.
Source: Reuters
