An Iranian firm based in the United Arab Emirates has won a deal to construct a cement factory in the southern Province of Dihqar, a senior official said.
Mohammed al-Hindawi, the head of reconstruction and investment bureau in the province, said the factory is designed to produce 3,000 tons of cement per day.
He said the provincial authorities have allocated a lot of land as a site for the company.
However, he declined to give details on the value of the contract.
Iranian firms are active in Iraq, particularly in the Kurdish north and the Shiite south, implementing projects worth hundreds of millions of dollars.
Some of the projects are part of an Iranian government’s credit plan which has made it easy and lucrative for the Iranian firms to work in the country.
Iran has extended credits to Iraq worth more than $1 billion.
Iran has emerged as the country’s top trading partner. There are no figures on bilateral trade but the volume is reported to have mushroomed in the past few months.
