A private sector company is to build a cement factory, the second in southern Iraq's al Muthanna province, with a production capacity of one million tonnes and a total cost of USD 200 million.
Mr Ali Hannoun told Aswat al-Iraq news agency said that "We have completed all legal measures for contracting and handing over the land for the construction of a cement plant by al-Mabrouka private company, the second of its kind, over an area of 350 donums in al Fadwa village, 20 km southwest of Samawa.”
He added that "The new plant will be of a production capacity of one million tons and a cost of USD 200 millions.”
Mr Hannoun said the new plant shall witness the first steps of its construction by a Chinese company for the interest of its Iraqi Investor, Hatim al-Khawan, during the next few days, and will be completed within 30 months from now.
He added that "Both plants are expected to develop the cement industry in Muthanna and economic conditions in the province by allocating private and foreign capital to set up projects and help provide jobs for the unemployed in the province.”
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