伊拉克举办工业周活动

Core Insights - Iraq is accelerating economic reconstruction and promoting industrial development, with the industrial exhibition serving as a platform for cooperation [1] - The oil industry remains a pillar of Iraq's economy, but there is a push for diversification to reduce dependence on the oil and gas sector [1] - The Iraqi government has signed 64 industrial cooperation agreements worth $6.1 billion, covering sectors such as fertilizers, steel, minerals, and cement [1] - Iraq aims to achieve self-sufficiency in cement production with an expected output of over 37 million tons in 2024 [1] - Challenges such as power shortages and aging factories are being addressed as part of the industrial development strategy [1] Company and Industry Highlights - Numerous Chinese companies participated in the exhibition, indicating strong interest in the Iraqi market [1] - Qingshan Holding Group plans to build a steel city in Basra, which is expected to meet local steel demand and expand into the Middle Eastern market [1] - BYD's electric and hybrid vehicles are gaining popularity in Iraq, reflecting the improvement in Chinese automotive quality and the increasing demand for high-quality products in the recovering Iraqi economy [1]