SOURCE: Industrial Info Resources

Industrial Info Resources

March 29, 2011 05:30 ET

South Korea's STX Heavy Industries Could Obtain $6.2 Billion in Iraqi Project Packages, an Industrial Info News Alert

CAIRO, EGYPT--(Marketwire - March 29, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Post-war Iraq has massive plans for reconstruction and development in different regions. The Iraqi government is signing many contracts and agreements for cooperation with experienced investment and development companies. In January of this year, an official source in the information department in Basra province, said to the Iraqi southern region media network that a delegation from South Korea's STX Heavy Industries, a subsidiary of STX Corporation (SEO:011810) (Jinhae, South Korea) met the governor of Basra, Cheltagh Abboud Mayah, to sign an agreement to construct a steel mill complex.

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