Iraq’s Vertex Investment Group has secured a major agreement to develop and expand Syria’s Hama Cement Plant. The cement deal positions Iraq as a key regional partner in industrial projects, boosting both countries’ economic ties. Vertex Investment Group will rehabilitate existing facilities and build a new production line, raising the plant’s total output and modernizing its operations.
The cement deal agreement includes upgrading the third production line to increase daily clinker production from 3,300 to 5,000 tons within just over a year. Additionally, the company will construct a new line capable of producing 6,000 tons per day, bringing the plant’s total capacity to approximately 11,000 tons daily over the next five years. These expansions will help meet growing construction demands in Syria and neighboring markets.
Vertex Investment Group will also implement workforce training programs to enhance technical skills. The project emphasizes quality assurance, safety, and industrial security, while adhering to international environmental standards. These initiatives will ensure efficient operations and long-term sustainability.
Syrian Deputy Minister of Economy and Industry Bassel Abdel Hanan highlighted the deal’s strategic importance. He explained that this collaboration strengthens industrial ties, supports local employment, and promotes economic growth. Vertex’s investment underscores Iraq’s growing role in regional infrastructure projects.
The deal, valued at around $300 million, reinforces Iraq’s commitment to regional cooperation and industrial development. Experts believe that this agreement will inspire further cross-border partnerships and strengthen economic resilience across the Middle East.
This milestone represents more than just a financial investment; it marks a step forward in Iraq’s influence and trade expansion in the region. By combining infrastructure development with workforce training, the project highlights Iraq’s capacity to deliver large-scale industrial solutions efficiently.