French firm to invest in Iraqi concrete factory

BAGHDAD / IraqiNews.com: A French firm signed a contract with Iraqi Industry Ministry to invest in Karbala Concrete Factory. “The investment period is 15 years,” the ministry said in a release on Wednesday received by IraqiNews.com news agency. It explained that the French firm will increase the factory’s production capacity to 1.8 million tons per year within the first 30 months of investment. MH (S)/SR 2