Iraq signs with China's SEPCO to build four petrochemical plants in Karbala
Baghdad (IraqiNews.com) – In a strategic move to boost its industrial sector, Iraq's Ministry of Industry and Minerals has signed an agreement with SEPCO Electric Power Construction Corporation (SEPCO), a leading Chinese state-owned company.
The partnership aims to develop a major industrial city in the Karbala Governorate.
Under the agreement, SEPCO, a subsidiary of POWERCHINA, will construct four petrochemical plants within the Karbala Industrial City. In addition to the plants, the company will be responsible for developing essential infrastructure and providing maintenance for the operational units, supporting long-term industrial growth in the region.
This initiative is part of Iraq's broader plan to attract international investment, strengthen its manufacturing capabilities, and create new job opportunities in the country's growing industrial sector.
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