Iraq sets aside $680m for factory renovations

20 October 2010

Iraq’s minerals ministry is to spend around $680m next year renovating factories

Iraq’s minerals ministry is to spend around $680m next year renovating its factories and starting new projects under a private-public partnership plan, Reuters has reported. “From 2011, we have, altogether 800 billion Iraqi dinars ($684.2m). Six hundred billion Iraqi dinars is for the rehabilitation. The remainder, about 200bn Iraqi dinars, is for building new projects,” Haifa Hamid, head of the investment department in the ministry, told the news service.

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