Falorni Tech has signed an important agreement for the construction of a glass products production plant in Iraq. This project is part of a Framework Agreement finalized by SACE and Trade Bank of Iraq, with the support of the Ministry of Finance of the Republic of Iraq.
The agreement, which aims to increase Made in Italy exports and support the Iraqi private sector, provides for investments of up to EUR 1 billion.
Falorni Tech, together with other Italian excellences, will participate in a development initiative totalling EUR 775 million. Among the projects included, in addition to the Falorni Tech glass production plant, there are a steel complex, a pharmaceutical production plant and an integrated agriculture plant.
This agreement represents a significant step towards an increasingly intense collaboration between Italy and Iraq, favouring the economic diversification of Iraq and bringing Italian innovation and know-how to the international glass market.
