International Venture Investment Holding (IVI Holding), based in Jordan, has taken a bold step in Iraq’s cement industry. The company signed an Engineering, Procurement, and Construction (EPC) contract with China’s Sinoma Overseas Development. This agreement will lead to the construction of a major Al-Muthanna cement plant.
The data reveals, the new facility will produce 6,000 tonnes of clinker daily. It will rise in Al-Muthanna Province, located in southern Iraq. The total cost of the project exceeds $240 million. This investment highlights a strong push to boost local cement production and reduce imports.
Importantly, the project meets Iraq’s growing need for cement. Many infrastructure projects are in progress across the country. Therefore, building the Al-Muthanna cement plant helps ensure a steady, local cement supply. It also supports Iraq’s reconstruction and housing efforts.
IVI Holding believes the plant will bring long-term benefits to the economy. It creates hundreds of new jobs during and after construction. Furthermore, it opens up more opportunities for regional development. This move shows strong investor confidence in Iraq’s industrial sector.
Sinoma Overseas Development will handle all phases of the project. Their job includes engineering, purchasing equipment, and managing construction. The company has vast experience building cement plants around the world. This makes them a solid choice for such a large-scale project.
In addition, Al-Muthanna cement plant EPC contract sets clear goals for quality and efficiency. The plant will use advanced production technology. This will reduce waste, lower emissions, and improve energy use. Such features support both profit and environmental sustainability.
The plant will also improve Iraq’s cement market balance. Right now, demand sometimes outpaces supply, which causes price hikes. The new Al-Muthanna cement plant will help stabilize prices and improve availability across the region.
Moreover, this project shows the growing ties between Arab and Chinese firms. The partnership brings both funding and technical skills. This type of international cooperation helps countries like Iraq grow their industrial base.
The contract confirms Iraq’s potential as a hub for industrial development. With the right projects and partners, the country can increase production and reduce reliance on imports. That, in turn, strengthens the national economy and boosts local business confidence.
In conclusion, the Al-Muthanna project is a strategic win for Iraq. It brings together global expertise, local demand, and a solid investment plan. The Al-Muthanna cement plant will soon play a key role in Iraq’s industrial future.
