Negotiations with Korean Investors to Regenerate Steel Factory

The Iraqi minister of industry and minerals on Tuesday said that talks are currently held with Korean investors over the rehabilitation of the iron and steel factory.

Speaking to Aswat al-Iraq news agency, Minister Fawzi Hariri said that a good bid has been made by Korean investors and is currently under discussion.

The minister pointed out that the rehabilitation of the factory will cost $400-500 million U.S. dollars, which is equivalent to the total budget of his ministry.

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