(MENAFN)An Iraqi administrator stated on Sunday, January 17th, that Iraq has given building schemes worth USD20 billion in the southern province of al-Muthanna to a consortium of Chinese firms.
“The projects include the construction of a power station and a factory for floors and porcelain with a production capacity of 32,000 m2 per day, and a factory for ceramic walls and façades with a capacity of 36,000 m2 per day,” Adel Al-Yasiri, the head of the al-Muthanna Investment Authority, stated in a report.
He stated that an initial endorsement has been granted to found the schemes.
“The first phase of the projects amounts to USD2 billion where two sites have been prepared near the Samawah refinery for the companies to complete the remaining procedures,” he added.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.