Kurdistan: new Inekon Group plant

Inekon Group has signed a contract for a new plant project in the Iraqi region of Kurdistan worth US$450m. Project Manager, Michal Obrucník, said that the end customer is a Kurdish joint stock company and that it is close to completing talks on project financing.

Project implementation is expected to being in September 2016. Commencement of construction of the new plant is forecast for March-April 2017, with completion expected June 2019.