Iraq’s ministry of industry and minerals has confirmed that it has finalised a $700 million contract with Turkish group United Brothers Holding to revamp and upgrade Iraq’s State Company for Iron & Steel, reports SteelGuru. SCIS, located on the southern outskirts of Basra, has been out of action since April 2003. The company had a design […]
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$700m Turkish Investment for Basra Iron Plant
A Basra iron and steel company will be given $700m (816 trillion Iraqi dinars) over the next 15 years by Turkish backers, reports AKnews. After visiting the factories of the General Company for Iron and Steel [State Company for Iron and Steel (SCIS)], a delegation from Turkish company United Brothers made a proposal to increase […]