Economics
Iranians urged to make Iraq cement investment
Iran should invest in the Iraqi cement industry to have a sustained share in the neighboring market, the head of Iran-Iraq Chamber of Commerce said. “During a meeting with Iraq’s minister of industry and minerals, the Iraqis said they intend to make their industries self-sufficient and that they do not want to be a sole importer of goods [such as cement] from Iran,” Yahya Al-e Es’haq added. He noted that the French are securing their foothold in the Iraqi cement market by investing in the sector, hence Iran must follow suit. “Close to 70% of Iraq’s cement plants are working below capacity and can be revitalized through investments,” he said. “The improvement in Iraq’s security condition is a hopeful sign. We can turn the country into one of our main technical and engineering service export markets for the next 10-15 years, if we can improve bilateral trade relations.”
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