Iraq’s Vertex Investment Group signed an agreement with Syria’s Ministry of Economy and Industry to modernize and expand the Hama Cement Plant. The partnership aims to transform the plant into one of the most productive facilities in the region.
The Deal focuses on upgrading the third production line. The company plans to increase clinker output from 3,300 tons to 5,000 tons per day. The project targets completion within 13 months, showing the partners’ strong commitment to quick progress. Moreover, both sides aim to create a more efficient and competitive cement industry.
In addition, the agreement includes building a new production line. The new line will produce 6,000 tons of cement daily, raising the total capacity to about 11,000 tons per day. This major expansion will strengthen Syria’s construction supply and help boost its economy. The project reflects both nations’ desire for deeper economic cooperation and regional growth.
Furthermore, Vertex Investment Group will train the plant’s workforce to improve operational skills. Training will help ensure high-quality production and compliance with international standards. Both sides also agreed to follow strict environmental guidelines and improve safety measures. These steps will make the plant safer, cleaner, and more efficient.
The Iraqi delegation emphasized the importance of regional collaboration. The agreement not only supports Syria’s recovery but also opens new business opportunities for Iraq. It demonstrates Iraq’s growing role in regional investment and infrastructure development. With this deal, Iraq continues to expand its economic reach and influence.
It carries an estimated value of around $300 million. This investment highlights confidence in Syria’s industrial potential and the long-term vision of Iraqi investors. Through this partnership, both countries aim to build stronger economic foundations and enhance trade between their markets.
Ultimately, the project symbolizes more than just financial cooperation. It represents shared ambitions for progress, stability, and development across borders. By linking resources and expertise, Iraq and Syria move toward a more integrated and prosperous industrial future.
