Industry Ministry invites foreign investments, companies to invest in country

BAGHDAD / IraqiNews.com: Iraq’s Ministry of Industry & Minerals has invited international investors, companies and financers to share in the investment opportunities in the country, through the rehabilitation and modernization of a number of its companies, being part of its private investment for 2011.   “The investment opportunities cover the state-owned Nasr Company for Mechanical Industris, the General Ur Company for Engineering Industries, the Baghdad Furniture Plant, the Ready-Clothes Plant in Najaf, the Medical Cotton Plant of the General Company for Ready-Made Clothes in Mosul,” the Ministry stated, in a statement by its Assistant Director-General for Investments Department, Amer Abdul-Razzaq.   Abdul-Razzaq also said that the other state-owned companies were: “the Medical Cotton Plant, belonging to the General Company for Cotton Industries in Baghdad, seven Plants for Glass & Syramic, Medical Bottles Plant, the Samarra Medicines Plant, the Intoxicating Injections Plant in Babel, the Nineveh Medicines Company, the Paper Plant of Missan and Basra, the Najaf Tyres Plant, Ibn-Majid, Al-Faris, al-Ikha’a Companies, Phosphates Plant in Anbar, belonging to the General Company for Geological Survey & Mineralization.”   Abdul-Razzaq pointed out that the “Ministry had called on investors to share in the administration and increase of productive capacities of the said companies,” confirming “its readiness to present all detailed information and necessary facilities for the said companies to visit the said plants, in order to get the necessary information, provided that concentration would take place in presenting offers on the technical , developing and financial potentials.”   SKH (TF)/SR 702