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Korean investors to rehabilitate steel factory in Iraq

Aswat Aliraq cited Mr Fawzi Hariri Iraqi minister of industry and minerals as saying that talks are currently held with Korean investors over the rehabilitation of the iron and steel factory.

Mr Fawzi Hariri said that a good bid has been made by Korean investors and is currently under discussion.

He pointed out that the rehabilitation of the factory will cost USD 400 million to USD 500 million which is equivalent to the total budget of his ministry.

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