2024-01-21T09:18:14+00:00
A-
A
A+
/ CNBC reported in a report, on Sunday, that Iraq’s inclusion of hundreds of projects annually and the expansion of the scope of investment in it by more than 3% increased the demand for construction materials, the forefront of which is cement, by about 25 million tons annually, which stimulated the private sector to fill the need through… New investments.
The report added that last year 2023 witnessed the production of 34 million tons, securing 65% of the demand, explaining that the Muthanna Governorate in southwestern Iraq is leading this activity with four factories producing 21 thousand tons per day, while four others are preparing for production.
He pointed out that the increasing demand in western and southern Iraq prompted previously built cement factories to add new production lines between 2,000 and 3,000 tons per day, benefiting from government decisions to reduce fuel prices by up to 40%, in addition to preventing the entry of imported cement.
The report also indicated the presence of millions of tons of limestone as a raw material for the cement industry in the regions of the Muthanna Desert, which attracted investment companies to build their factories with Pakistani and Chinese companies, taking advantage of the ease of extraction and reducing transportation costs compared to investment in the mountainous regions of northern Iraq, in addition to the presence of a promising market that guarantees marketing among 1,200 people. -5000 tons per day per plant.
He stated that the administrative and legal facilities in the governorate pave the way for the entry of new investments that could transform it into the cement capital of Iraq and raise annual production rates to 20 million tons, or approximately 50 percent of the design capacity of the country’s total factories, which amount to 18 government factories that provide 35 percent and 10 private factories that produce cement. Regular, resistant, and other newly produced types.