70 billion dinars for the establishment of a factory producing aluminium cables

Economy

9-03-2020, 12:07

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Nasiriyah -INA- Hazem Al-Aqili

The Ministry of Industry and Minerals announced today, Monday, the allocation of 70 billion dinars for the establishment of two factories specialized in the production of cables and aluminum alloys.

"The Ministry of Industry and Minerals has approved a request submitted by the company to allocate an amount of 45 billion dinars to establish a mid-range factory, in addition to allocating 25 billion to establish an integrated aluminum plumbing factory," said the director of the company, Or, one of the ministry's companies, Haider Sahar. "

He explained that "the ministry has submitted the request to the General Secretariat of the Council of Ministers to address the Ministry of Finance," stressing "the need to pay great attention from the government to develop the company's work, increase its production, which compares with the imported product, and activate local product support decisions within the framework of supporting the national industry."