The project concept is based on establishing a construction waste recycling plant in Iraq, which recycles construction and demolition waste. Given the availability of such waste in Iraq, the project will undoubtedly be a huge success and a lucrative target for many targeted sectors, such as contracting companies, iron factories, and others.
It is noteworthy that the project will produce iron and wood extracted from the debris, as well as a mixture of sand and gravel known as “concrete.”
In 2021, the global construction and demolition waste management market size was approximately USD 212.8 billion and the market is expected to expand and grow at a CAGR of 4.9% during the period (2022-2027) to reach a market value of USD 287.4 billion by 2027.
Mashroo3k Consulting recommends investing in a construction waste recycling plant project due to the Iraqi government’s encouragement of industrialization. It’s worth noting that the number of factories in Iraq is expected to increase at a compound annual growth rate of 8.9% over the next five years.
Iraq produces approximately 5,859,426.8 tons of rubble and construction waste annually. Your Project hopes to utilize this waste and recycle it.
