IRAN INVESTING $1 BILLION IN IRAQ

"Iran to invest $1 billion in Iraq... to rehabilitate the country’s industrial sector... A team of Iranian industrial experts is due in Iraq to map out the sectors of mutual interest, the statement said. Seven major Iranian companies will be involved. The Iranians would like to start up a new car company in Iraq as well as factories for the manufacture of electrical transformers and appliances, steel and glass...."
http://www.azzaman.com/english/index.asp?fname=news%5C2006-03-02%5C206.htm