Iraq awards Chinese companies construction projects worth $20bn

Iraq has given a set of construction projects valued at $20 billion to a consortium of Chinese companies, reports say citing an Iraqi official.
“The projects include the construction of a power station and a factory for floors and porcelain with a production capacity of 32,000 m2 per day, and a factory for ceramic walls and facades with a capacity of 36,000 m2 per day,” Adel Al-Yasiri, the head of the al-Muthanna Investment Authority, said in a statement.
“The first phase of the projects amounts to $2 billion where two sites have been prepared near the Samawah refinery for the companies to complete the remaining procedures,” he added.
The companies which have not been named will also build a sanitary ware factory with a capacity of 360 m3 per day, a ceramic factory for accessories with a capacity of 108,000 m2 per month, and a factory for papers and 125 million cardboards per month, Middle East Monitor reports.