# 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.

- Type: Investment
- Announced: 2024-01-11
- Where: Iraq
- Value: $130.0M
- Jobs: 2,700
- Starts operating: 2025
- Status: announced
- Capacity: 1.9 million tons per annum (additional); 3.0 million tons per annum (total)
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Al-Douh Iraqi Company for Cement Industries](https://endata.com/companies/74897.md)
- [International Finance Corporation](https://endata.com/companies/12849.md) (investor)

## Sources

- [ifc.org](https://www.ifc.org/en/pressroom/2024/ifc-invests-in-leading-iraqi-cement-company-to-boost-economic-diversification-and-drive-sustainable-growth), 2024-01-11: "IFC is investing up to $130 million in Al-Douh Iraqi Company for Cement Industries to support expansion, create new jobs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.