Iraq Business News: Nigerian Billionaire Sets Sights On Iraq

Iraq Business News
All the latest business news from Iraq
Nigerian Billionaire Sets Sights On Iraq
Oct 3rd 2012, 10:44

By John Lee.

Forbes reports that Nigeria's richest man, Aliko Dangote, plans to expand his Dangote Cement Company into Iraq, among other countries.

Dangote, whose worth is estimated at about $12.5 billion recently told the Financial Times that construction on a plant in Iraq could begin as early as next year.

Dangote Cement, which is already Africa's largest cement company by annual production volume and market capitalization, plans to reach an output of 100 million tonnes annually within the next five years.

(Source: Forbes)

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