By John Lee. The International Finance Corporation (IFC), part of the World Bank Group, has proposed a corporate loan of up to USD65 million to Al Douh Cement, one of the leading producers of cement in Iraq, to finance the company's planned expansion of its production capacity. Al Douh was established in 2008 to meet […]
By John Lee. The Iraqi Cabinet (pictured) has authorised the Minister of Finance to borrow $76 million from the state-owned Trade Bank of Iraq (TBI) to finance the Great Samawa Water Project. (Source: General Secretariat for the Council of Ministers)
By John Lee. Pakistan-based Lucky Cement has announced that it started commercial operations at its new cement production facility in Samawah on Wednesday. In a statement to the Pakistan Stock Market, the company said the new plant has a capacity of 1.2 million tonnes per annum, and is a joint venture with Al-Shamookh Group [al-Shumookh] […]
By John Lee. Pakistan's Lucky Cement has reported that the greenfield expansion to its cement plant in Samawah is expected to reach commercial production in the second quarter of financial year 2020-21. In a statement, the company said: "Fabrication and erection work is in full swing and Project timelines are being met. "Necessary manpower and […]
MAN Energy Solutions has successfully commissioned six MAN 18V32/40 engines in a cement factory in Samawa, Iraq, and delivered five more engines of the same type to a freshwater-treatment plant in Basra. “The country's infrastructure has suffered greatly from armed conflict in the past and the re-electrification of Iraq is pivotal for further growth and […]
By John Lee. China’s Sinoma International Engineering has signed a $246-million contract to build a 6000-tonne/day clinker production line in Iraq. The plant will be built for Iraqi Cement in the Samawah of Muthanna. It will handle the entire production process, from raw material crushing to finished cement packaging. Once the contract is finalised, the […]
By John Lee. Pakistan-based Lucky Cement has said it is currently in negotiation with its suppliers to finalize plant and machinery at its greenfield clinker production facility in Samawah. In its Annual Financial Report, the company said it plans to achieve financial close and commercial production is third quarter of calendar year 2018 and last […]
By John Lee. Iraq's National Investment Commission (NIC) has included six industrial projects in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: A. Rehabilitation and development of white cement plants in Falluja. Area: 642000m² Production capacity: […]
UK Export Finance (UKEF) has announced that it is supporting the Enka UK and General Electric (GE) consortium with US$117 million in financing to deliver two critical power projects in Iraq. Rt Hon. Greg Hands MP (pictured), UK Minister for International Trade, welcomed the news, saying: "The Department for International Trade through UK Export Finance […]
The Ministry of Transport in cooperation with the National Investment Commission (NIC) has announced investment opportunities for commercial, industrial and agricultural purposes according to the location of each lot of land. Investors willing to invest lands referred to are required to send their applications to the Ministry of transport/ Investment Dept. Or to NIC: [email protected] Or […]
Germany's MAN Diesel & Turbo has delivered six MAN 18V32/40 engines, including gensets and mechanical equipment, to its customer CGGC-UN Power Co Ltd. (China Gezhouba Group Cooperation) in Samawah, Iraq. CGGC is taking on the role of EPC contractor (engineering, procurement, construction) in the building of a 50 MW captive power plant for a cement […]
By John Lee. The Ministry of Oil has extended the closing date for supplying information packs relating to the tenders for the new refineries in Kut and Samawa. The packs will be available until the close of business on 16th March 2017 (instead of Tuesday the 28th February), while the last date for receipt of […]
