Romstrade holding plans to invest in Iraq
‘We paid a visit to get informed and we gathered projects in which we are interested in investing, projects starting from motorway and road construction, air transport, capacities for bitumen production, as well as investments in infrastructure. The first projects we are to invest in will be launched in the spring next year’, said Gheorghe Racaru.
Romstrade construction company has an integral Romanian capital and it was set up in 1994. Romstrade has run business 230 million euros worth in 2008, 20 percent higher than in 2007, winning in the past two years several contracts for the rehabilitation of national roads and for the construction of some ring roads in total value exceeding 650 million euros.
Gheorghe Racaru and Romstrade Co. hold 10 percent each of the share package of the low-cost air market leader in Romania, Blue Air, which accounts for a market share of 40 percent.