Qatari companies partner with Iraq on $9.5bn worth of projects

Projects include the construction of power plants that will reduce Iraq’s reliance on Iran for its energy needs.

Three Qatari companies and Iraq’s National Investment Commission have agreed to develop $9.5bn worth of projects in Iraq, including the construction of a pair of power plants that will generate a total of 2,400 megawatts.

UCC Holding and the investment commission on Thursday signed a 25-year, public-private partnership linked to the two power plants, which will cost $2.5bn to…