Three Qatari companies have signed agreements with the Iraqi National Investment Commission to develop projects worth up to $9.5 billion in Iraq, including the construction of two power plants with a total of 2,400 megawatts.
Qatar's Urbacon Trading and Contracting Company signed a 25-year partnership agreement with the National Investment Authority to build two power plants at a cost of $2.5 billion. The plants will help Iraq reduce its dependence on Iran for its energy needs.
The agreements were signed during the Qatari emir's visit to Baghdad, in which he pledged to inject investments worth up to five billion dollars in Iraq.
Source (Al-Arabiya.net Website, Edited)
