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:
http://www.iraq-businessnews.com/2013/02/12/turkish-firm-to-invest-700m-in-steel-plant/
