The project concept is based on establishing a fiberglass production plant in Iraq, producing doors, windows, and water tanks from fiberglass. Fiberglass is electrically insulating and resistant to heat, water, and moisture. It is also easy to clean and install and is available in a variety of colors and shapes.
The global fiberglass market is estimated at USD 27.5 billion and is expected to grow at a CAGR of 7.1%, reaching a market value of USD 38.8 billion by 2027.
Mashroo3k Consulting Company recommends investing in a fiberglass production plant. This is due to the Iraqi government’s encouragement of domestic industry, and it has been observed that the growth rate of the number of factories in Iraq has reached 8.9% over the past five years.
