INVESTMENT OPPORTUNITY: STATE COMPANY FOR STEEL INDUSTRIES

[Wiljor]

Iraq, November 28, 2017 

Iraq’s State Company for Steel Industries, which is owned by the Ministry of Industry and Minerals, has announced an investment opportunities to participate in the management and production of the following projects in accordance with the requirements fixed in the investment profiles:

• Sandwich Panel production
• Built-up sections and bridge girders production
• Metal chains production
• Air filters for power plants

The company invites investors, financiers and specialized companies to participate in these important opportunities because of the need for these products in the Iraqi and foreign markets.

Those willing to participate should visit the company’s main office or its website to obtain the investment profiles, in whole or in part, bearing in mind that bids are to be submitted on the company’s website or by e-mail, at the end of the official working hours of Sunday, 10.12.2017.

Those wishing to participate may consult the Ministry of Industry and Minerals / Investment dept., as well as the company’s main office if you need detailed information or have a legal or technical inquiries or a field visit to the announced projects; you may contact through: www.scosi-mim.com, info@scosi-mim.com .

businessnews

 

http://iraqdailyjournal.com/story-z16283739

[Rabbi]

This is just one instance of the GOI's desire to create a joint venture with investors from the private sector.  Because of all the corruption, the GOI has a large number of dormant projects that were halted because of lack of funding.  The stated goal of the GOI is to eventually privatize all of these heretofore unproductive "businesses" in their transition from a dictatorship to a full-fledged parliamentary democracy. The GOI's share of the profits from ventures like the one mentioned in the article, as well as the monies received from the eventual outright sale of their remaining interests in these dormant ventures, will flow into the coffers of the GOI, helping to first reduce its accumulated debt and subsequently generate budget surpluses, thereby further enhancing and supporting the value of the IQD.    

[Wiljor]

21 minutes ago, Rabbi said:

This is just one instance of the GOI's desire to create a joint venture with investors from the private sector.  Because of all the corruption, the GOI has a large number of dormant projects that were halted because of lack of funding.  The stated goal of the GOI is to eventually privatize all of these heretofore unproductive "businesses" in their transition from a dictatorship to a full-fledged parliamentary democracy. The GOI's share of the profits from ventures like the one mentioned in the article, as well as the monies received from the eventual outright sale of their remaining interests in these dormant ventures, will flow into the coffers of the GOI, helping to first reduce its accumulated debt and subsequently generate budget surpluses, thereby further enhancing and supporting the value of the IQD.    

 

Rabbi, well said my friend, and I concur 

[Donziman]

Great find W. talk about looking to the future. This kind of stuff just might work.