Turkish Firm to Invest $700m in Steel Plant

By John Lee.

The Ministry of Industry and Minerals has signed an 18-year contract with a Turkish company to run iron and steel plant in Basra.

According to Steel Network, $700 million will be invested to bring production capacity to 1 million tonnes per year.

Work at the plant, located in the Khor Al-Zubair, is expected to take three years.

(Source: Steel Guru)

Comments are closed.