Cement News tagged under: Al-Douh Iraqi Company for Cement Industries

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IFC invests US$130m in Iraq's Al Douh Cement

15 January 2024, Published under Cement News

IFC is investing in Al-Douh Iraqi Company for Cement Industries (part of Al-Riyadh Investment Companies Group) to help boost economic diversification and improve sustainable growth in Iraq. IFC is providing a financing package of up to US$130m in long-term debt to Al-Douh. The financing will enable Al-Douh to expand its cement production capacity by 1.9Mta to reach overall production of approximately 3Mt of cement by the end of 2025. Of the total financing provided, up to US$25m will be...