Iron & Steel Projects
One of the most important investment projects in the Basrah region of Iraq was agreed upon between UB Holding and the Iraqi Ministry of Industry and Minerals. Expected to rehabilitate and upgrade the state company for iron and steel in Basrah, this project is progressing rapidly. Project management offices, dormitories and other facilities have been erected and furnished to accommodate as many as 500 employees.
The project includes a modern melt shop and re-bar and section mills which will allow for a capacity of 1 million tons per year of re-bars and sections. In accordance with the terms of the project’s build-operate-transfer (BOT) contract, UB Holding will build a 350-MW electrical power plant in order to supply the power consumption needs of the iron and steel plant in Basrah.