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FINANCIAL NEWS
Iraq issues tenders for 10 industrial plants
30 Sep 2010
(MENAFN) The Iraqi government said that it has issued tenders to redevelop more than 10 industrial plants as part of a plan to revamp 250 state-owned facilities through private investors, Reuters reported.
Since the US-led invasion that ousted the regime in 2003, the new authorities in Iraq have encouraged private businesses to participate in modernizing and strengthening the previously state-dominated economy.
The ministry of industry and minerals owns a total of 60 companies that run 250 facilities in six sectors; chemical and petrochemical, pharmaceutical and food, engineering and steel, textile, construction materials, and industrial utilities and services.
Iraq, holder of the world�s fourth-largest oil reserves, seeks foreign investors in all parts of its economy after years of conflict and international sanctions.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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