Iraq’s cabinet has approved the construction of a cement factory in southern Iraq, a government official said.
The factory will be built in Diwaniya province, 150km south of Baghdad, and will cover an area of about 185 acres, according to a statement from the office of government spokesman Ali Al-Dabbagh.
The contract was awarded to a joint venture group consisting of an Iraqi company and an Italian firm, the statement said. Officials declined to give further details.
“(The cabinet) has given approval to award an investment licence to erect a cement factory in Diwaniya province to a (local) firm which is in a joint venture with an Italian firm for a total value of US$692m,” the statement said.