About Project

The manufacturing footprint should be implemented in 4 phases, each phase involving a 400 tpd furnace delivering 135 ktons of glass annually, cumulatively 540 ktons by 2033, (“the Transaction”).

LOCATION      : Baghdad, Republic of Iraq

SERVICE           : Transaction Management

VALUE               : USD 525 million

CLIENT             : Royal Glass Ltd. Co.

TYPE                  : Industrial

OVERVIEW

Iraq has one of the more fertile lands in the region after Turkey, Syria, and Lebanon, it only utilizes 18% of land for agriculture, out of which 8.4 % is arable, 0.5% for permanent crops, and 9.2% for a permanent pastor. Thus, there is a significant opportunity for Iraq to better exploit its agricultural lands and produce more vegetables and dairy for processing and packing.

As Iraq’s GDP and population grow, and as domestic production of glass becomes competitive, demand is expected to double in the next few years versus PET and cans.

A sales strategy is to be implemented in 4 phases, starting with medium-sized containers for carbonated soft drinks (CSD), beers, and juice, followed by short-sized containers for food, third, short-containers for pharma, and fourth, large-sized containers for still drinks, large juices, & large food bottles.

Based on market and sales priorities, the Manufacturing Plan establishes the CAPEX and OPEX requirements in order to satisfy demand and satisfy revenue output.

In 2021, Kingston led the development, through-out pre-feasibility, feasibility and bankable feasibility, legal-financial-technical structure, financing plan, and documentation, to develop the plant.