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Iraq grants $20bn projects to Chinese companies

MEMO | January 17, 2021

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, Anadolu Agency reports.

“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.

January 17, 2021 - Posted by | Economics | ,

2 Comments »

  1. This news made my Sunday. I’m getting unbalanced in my views and perspectives…sad for a one-time “patriot”….

    Go Iraq! Go China! Maybe next “Go Iran and China and Go Syria and China, partners in many endeavors!”?

    Liked by 1 person

    Comment by roberthstiver | January 17, 2021 | Reply

  2. I don’t imagine that American companies were asked to tender for the work. The Military Industrial Complex has given the USA a very bad name all over the World, unfortunately for The American people, who are entirely innocent.

    Liked by 1 person

    Comment by brianharryaustralia | January 17, 2021 | Reply


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