Investment in iron factory to provide 50,000 job opportunities- minister

BAGHDAD / IraqiNews.com: The Iraqi minister of finance, Baqir al-Zubeidi, said that the investments in Basra’s iron and steel factory will provide 50,000 job opportunities. This came during his meeting with the U.S. assistant secretary of defense for economic affairs and a delegation comprised of representatives of South Korean companies, according to a statement released by the ministry and received by IraqiNews.com news agency. The factory is expected to produce more than 300 million tons of iron in its first stage, the statement quoted the minister as saying. SS (P) 1