Iraq is stepping up its industrial growth as a major new cement plant begins construction in Muthanna province. The project, launched by IVI Holding and China’s Sinoma Overseas, represents a $240 million investment in Iraq’s manufacturing sector. Iraq cement project stands at the core of this major development.
Additionally, this new facility will produce 6,000 tonnes of cement per day. As a result, the plant will significantly increase cement supply for local and national markets. Additionally, the construction and operation phases will generate hundreds of new jobs for Iraqi workers. These positions aim to support both the economy and local communities.
IVI Holding confirmed the signing of a formal EPC agreement. The deal was sealed in Dubai. It involved IVI’s chairman, Hussein Shamara, and Sinoma Overseas chairman, Linhe Zhu. The contract covers engineering, procurement, and construction for the massive plant.
Therefore, the Iraq cement project aligns with broader goals to boost Iraq’s industrial capacities. Prime Minister Mohammed Shia Al-Sudani previously announced several major industrial ventures. Together, they amount to over $1.1 billion in total value for the Muthanna province alone.
This particular cement plant adds strategic value to the national economy. Iraq faces an increasing need for cement, driven by infrastructure growth and housing projects. Meeting this demand through local production reduces dependency on imports. That shift strengthens Iraq’s self-reliance and trade balance.
Moreover, the Iraq cement project reflects strong international cooperation. The partnership between Iraqi and Chinese companies highlights Iraq’s openness to global investment. Sinoma Overseas brings vast technical expertise, which ensures timely and high-quality delivery of the plant.
Muthanna, a relatively underdeveloped province, is now emerging as a hub for industry. Projects like this not only provide jobs but also enhance supporting services. Local businesses benefit from increased activity and demand. Schools, transportation, and housing will likely improve as more investments flow into the region.
Clearly, the cement plant symbolizes progress for both Muthanna and Iraq. With ongoing coordination and international collaboration, the country moves closer to sustainable industrial growth. The government’s commitment remains firm, and the private sector plays a key role in making these visions real.