Called on the Ministry of Industry and Minerals Korean companies to participate to the reconstruction and rehabilitation of the industrial sector in the country, on the other textile industries have concluded a contract with the Ministry of Defense for processing requisites of military clothing.
A press release quoted the ministry had received "morning," a copy of the Minister of Industry and Minerals Fawzi Hariri Franso call for Korean companies to contribute to the reconstruction of the country, during a meeting last Wednesday with a delegation from South Korea included parliamentarians and businessmen from leading Korean companies.
Hariri and reviewed the investment opportunities available in the industrial sector in various fields and rehabilitation of factories and iron and steel companies, cement, referring to the desire of many international companies making use of investment opportunities available in the country. For his part, the Delegation expressed its willingness to participate in investing in the industrial sector, especially in the field of iron and steel.
The statement noted that the Korean delegation will visit the province of Basra with a technical delegation from the ministry to identify mechanisms to benefit from investment opportunities in the field of iron and steel, laying the groundwork for a memorandum of understanding or a preliminary agreement in this regard.
On the other hand, entered into a Wasit Textile Industries of the contract with the Ministry of Defense to cover processing "Alberiaat" and Aljuarib summer and winter and Cordons and other military supplies.
The company held a preliminary agreement with Rasheed Bank for loan of four billion and 500 million with interest of 4 percent for the purchase of cotton flowers in the production process inside the company.