Tag Archives | iron

New Investment Opportunity in Iraq

By John Lee. The National Investment Commission (NIC) has announced the following investment opportunities: Sponge iron factory in Basra – State Company for Iron and Steel (SCIS) (Source: National Investment Commission) (Picture: Business opportunity word cloud, from ibreakstock/Shutterstock)

Turkish Company Signs $700m Basra Steel Contract

By John Lee. The Basra Investment Commission has announced that the Industry Ministry signed a contract with the Turkish company UB Holding to rehabilitate iron and steel factories at a cost of $700 million. According to Aswat al-Iraq, the head of the commission said that the contract includes adding new production lines and increases annual […]

New Steel Plant for Wassit

The head of the Wassit Investment Commission today laid the cornerstone for a $24m [29 billion Iraqi dinar] iron and steel factory. This is the first factory to be established in the province in the last 40 years, the province's media director stated. Majid al-Attabi told Aswat al-Iraq that the factory will be established in […]

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 […]