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Iran’s IMIDRO invests in Kuwait steel plant

Business Materials 8 November 2014 14:11 (UTC +04:00)

Baku, Azerbaijan, Nov.8

By Fatih Karimov - Trend:

Iranian Mines and Mining Industries Development and Renovation (IMIDRO) invested in the construction of a steel plant in Kuwait.

IMIDRO holds a 49 percent share of the project, which is valued at €77 million, Iran's ISNA news agency reported on November 8.

The plant will have a capacity to produce 400,000 tons of products per year.

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