Jordan-based Holding cement plant deal signed a major contract with China’s Sinoma Overseas Development. The deal will lead to the construction of a large cement plant in Iraq’s Al-Muthanna Province.
In addition, The new project involves building a clinker cement facility that can produce 6,000 tonnes per day. With a value of over $240 million, this project will boost Iraq’s ability to meet its cement needs. The companies aim to reduce reliance on imported cement by increasing local production.
IVI Holding cement plant deal shows growing confidence in Iraq’s industrial sector. As demand for building materials rises, Iraq needs reliable domestic sources. This project helps meet that goal while offering jobs and economic growth.
Therefore, Sinoma will handle engineering, procurement, and construction duties. The company has a strong track record in building large cement plants worldwide. This makes Sinoma an ideal partner for IVI Holding cement plant deal.
Additionally, the plant will support Iraq’s infrastructure goals. As the country builds roads, bridges, and homes, cement demand will remain high. This new facility ensures a stable supply of key materials.
Moreover, the IVI Holding cement plant deal reflects stronger regional cooperation. Iraq and Jordan continue to expand trade and investment ties. The presence of a Chinese firm also shows Iraq’s openness to global partnerships.
Furthermore, The plant will operate with advanced equipment to ensure efficient production. It will also use modern environmental controls to reduce pollution and energy waste. This reflects a commitment to sustainable industry.
Officials in Al-Muthanna Province expect the project to create hundreds of jobs. Local engineers, technicians, and workers will take part in building and running the plant. This will give the province a much-needed economic boost.
Furthermore, the deal shows investor trust in Iraq’s future. A secure supply of cement will help major projects run smoothly. This improves Iraq’s construction sector and supports national development goals.
IVI Holding cement plant deal marks a step toward Iraq’s industrial independence. With new factories and solid partnerships, the country can reduce imports and build a stronger economy.