By John Lee. A meeting of the Iraqi cabinet on Tuesday authorised the Minister of Industry and Minerals to negotiate with the French company Lafarge concerning investment in the Karbala cement plant (pictured). The Minister will put the results of the negotiation to the Prime Minister for approval. (Source: Office of the Prime Minister)
Tag Archives | Kerbala Cement Manufacturing
World Bank to Finance Lafarge Cement Plant in Kerbala
IFC, a member of the World Bank Group, is providing a $70 million loan to help renovate a cement factory in Iraq, part of an effort to support the local building sector and aid in the country’s reconstruction. The financing will allow Kerbala Cement Manufacturing, a subsidiary of France’s Lafarge, to rehabilitate a state-owned plant […]