$150m to rehabilitate cement factory

  BAGHDAD / IraqiNews.com: A preliminary agreement was signed to rehabilitate and develop a cement factory of the Iraqi Ministry of Industry and Minerals by a group of international companies, a media source from the ministry said on Sunday. “The agreement was made at the Jordanian capital, Amman,” the source told IraqiNews.com. “The companies will invest up to $150 million in the factory over a period of 15 years, including a 24-month rehabilitation period,” he said. “The design capacity of the factory is 1.8 million tons per year,” he added. MH (P) / SS 1