IFC to invest in cement works in Iraq

IFC to invest in cement works in Iraq
Published: 25 August 2005

International Finance Corporation is apparently considering the possibility to invest US$210.3m in the construction project of cement works in Iraq with a productive capacity of 2.9Mta. IFC also intends to participate in the capital of new company by way of investing US$8.3m. The first investment project in Iraq with participation of IFC was realized in finance sector in November 2004 when Corporation invested US$35m in the capital of Credit Bank of Iraq.