Greek construction firm J&P Avax signs USD 400mn contract in Iraq

J&P Avax signed a USD 400mn contract to construct a 1,500 MW power plant in Baghdad Iraq.

The total budget of the projects stands at USD 1bn.

The backlog of the group now stands at EUR 2.1bn, half of which is sourced outside Greece.

The management expects the group to increase sales by 20% in 2016, while the operating profitability should improve.

Read more here.

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