By John Lee.
Three Egyptian construction companies are poised to win major contracts for housing projects in Iraq.
In an interview with Egypt's Al-Dustour news service, Jaber Al-Hassani, Undersecretary of the Iraqi Ministry of Housing, said Iraq intends to sign contracts this month with three companies nominated by the Egyptian Ministry of Housing; one will be the Arab Contractors Company, and he did not name the other two.
He added that the deal involves 14 projects with a combined investment of $450 million.
In addition to the housing schemes, he said Egypt's Ministry of Transport will undertake two projects in Iraq, but no further details were provided.
(Source: Al-Dustour)
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