The National Investment Commission in cooperation with the Iraqi Cement Manufacturers Association is organizing a workshop on the Cement Industry Vision 2030.

Based on the directives of His Excellency the Chairman of the National Investment Commission, Dr. Haider Makiya, during his meeting with the Association’s delegation headed by Engineer Ammar Rahim Abdullah Al-Saadi, Chairman of the Association, to discuss the Association’s vision for the cement industry 2030, a joint workshop was organized with the Economic and Technical Department of the National Investment Commission in the presence of the member companies of the Association, where the production capacities of the producing factories and factories under construction were reviewed. The study showed that there is a production surplus in 2025 of no less than 10 million tons, and this surplus will rise in 2027 to 20 million tons after the factories under construction enter service, with a design capacity of 15 million tons. The investment licenses for cement plants granted by the investment authorities in the governorates, as well as the licenses granted by the General Directorate of Industrial Development at the Ministry of Industry and Minerals, were also reviewed. Investors in the cement sector participating in the workshop explained the challenges they face, the most important of which was their request to His Excellency the Chairman of the Commission to take urgent measures to protect investors, as the National Commission is the body responsible for setting general policies and implementing Investment Law No. 13 of 2006, as amended, with the aim of driving economic and social development and providing job opportunities for Iraqis. The internal dumping of the cement industry due to granting licenses to new cement plants while there is a surplus in the currently producing factories will cause huge losses to investors and harm them due to the gap between supply and demand for cement and the low prices compared to production costs. The Commission indicated that it will play its role to protect investors in accordance with the law.