Info:
Shamara Holding Group (SHG) is one of the oldest and largest conglomerates in the Middle East with a history dating back to 1930. Over the course of time, SHG has evolved into a highly diversified group and has developed a set of leading companies in predominantly the Oil & Gas, Power, Water, and Infrastructural sectors;
Iran’s Mapna Group has signed a $2.5 billion contract with the Iraqi Shamara Holding Group to provide technical and engineering services for the construction of a 3,000-megawatt power plant in Basra in southern Iraq;
Ali Fadhel Hussein Shamara is a powerful Iraqi magnate who controls Shamara Holding Group, a Jordanian offshore company with offices in Amman, Baghdad, and Dubai. It operates multiple engineering companies in Iraq. It also has five companies operating in the Iraqi energy sector: International Free Company (IFC), AEPL-OASIS Limited, Ramz Al Hadara Company, Hydro-Carbon Company, and IFFCO – SHAMARA LIMITED (ISL);
Shamara has collaborated with Iranian entities, hiring Iran’s MAPNA on numerous projects. In 2018, a consulting report commissioned by General Electric advised against working with Shamara in light of his corrupt dealings. Although Shamara Holding Group is apparently not directly connected to Afaq, Ali Shamara is a close associate of Maliki and known to be involved in his economic activity;
Industry:
Oil & Gas Industry
Power Industry
Also Known As:
SHG
Shamara Holding
Country:
Jordan
Address:
1 Queen Noor Street Shmeisani P.O Box 925769 Amman 11190 Jordan
40 Abu Nawas Street Baghdad Iraq
2102 Business Central Tower A Dubai Internet City Dubai UAE
Phone:
+962 6 569 2976
Website:
www.shamaraholding.com
E-mail:
info@shamaraholding.com
Reason for the color:
» Iran’s Assets in Iraq’s Oil and Shipping Industry: State Oil Marketing Organization (SOMO) and AFAQ, a Private Iraqi Cartel;