(Construction Week) Pressure from Saudi Arabia has led to the blocking of an investment deal by South Korea in Iran's steel industry. South Korea's POSCO Engineering and Construction had signed a $1.6bn memorandum of agreement with the Iranian steelmaker, Pars Kohan Diar Parsian Steel (PKP), in May 2016, to build a steel mill in the country's Chabahar Free Trade-Industrial Zone.
2018-05-28 00:00:00Full ArticleBACK Visit the Daily Alert Archive