Turkish firm to invest $700m in Basra steel plant
- Iraq: Thursday, February 14 - 2013 at 03:34
Iraqi industry and minerals ministry has signed an 18-year contract with a Turkish company to run the Iron and Steel Co's plant in Basra with an investment of $700m. According to the agreement, the Turkish firm is to renovate the plant and raise its production capacity to one million tonnes per year.
- Iran plans national fleet expansion
- Total acquires 80% stake in Kurdistan block
- Saudia told to enhance services
- Forum International introduces www....
- Twofour54 Briefing Room connects companies with...
- Gamification hits the Middle East
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.