IFC invests up to $130 million in Al-Douh Cement expansion in Iraq

IFC is providing up to $130 million in long-term debt to Al-Douh Iraqi Company for Cement Industries to expand cement production capacity by 1.9 million tons per annum, reaching 3.0 million tons by end of 2025. The expansion is expected to create over 2,700 jobs.

“IFC is investing up to $130 million in Al-Douh Iraqi Company for Cement Industries to support expansion, create new jobs.”ifc.org

• 1 source
• ifc.orgIFC Invests in Leading Iraqi Cement Company to Boost Economic Diversification and Drive Sustainable GrowthJan 11, 2024

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