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Contract to manufacture Hyundai cars in Iraq

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Fast Eddie


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Variety

Contract to manufacture Hyundai cars in Iraq

BAGHDAD / Aswat al-Iraq: Iraqi Automobile Industry Company signed a contract with South Korean Hyundai Company to manufacture and assemble different types of Hyundai cars with a cost of 44 billion Iraqi dinars.

The contract contains producing 2000 saloon cars per annum in Iraqi company's factories.

A manufacturing line shall be made within three years time.
On the other hand, the Iraqi company completed an economic feasibility study to establish a factory that will produce an Iraqi-made car, with the financing of Finance Ministry, if the law permits.
RM


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