Iraq grants $20B projects to Chinese companies

BAGHDAD

Iraq has given construction projects worth $20 billion in the southern province of al-Muthanna to a consortium of Chinese companies, an Iraqi official said on Sunday.

“The projects include the construction of a power station and a factory for floors and porcelain with a production capacity of 32,000 m2 per day, and a factory for ceramic walls and façades with a capacity of 36,000 m2 per day,” Adel Al-Yasiri, the head of the al-Muthanna Investment Authority, said in a statement.

He added that an initial approval has been granted to establish the projects.

“The first phase of the projects amounts to $2 billion where two sites have been prepared near the Samawah refinery for the companies to complete the remaining procedures,” he said.

Other projects include the construction of a sanitary ware factory with a capacity of 360 m3 per day, a ceramic factory for accessories with a capacity of 108,000 m2 per month, and a factory for papers and 125 million cardboards per month.

*Ibrahim Mukhtar contributed to this report from Ankara

BAGHDAD

Iraq has given construction projects worth $20 billion in the southern province of al-Muthanna to a consortium of Chinese companies, an Iraqi official said on Sunday.

He added that an initial approval has been granted to establish the projects.

“The first phase of the projects amounts to $2 billion where two sites have been prepared near the Samawah refinery for the companies to complete the remaining procedures,” he said.

*Ibrahim Mukhtar contributed to this report from Ankara