German Firm to Build in Basra

German company IQ Martrade has  submitted several proposals for developments at Basra Port.

The manager of the Company, Mr. Gunther Hahn, said “the projects include investment in jetties at Umm Qasr Port, and the establishment of an oil pipes factory near the port –  there is a huge need for such pipes in Iraq and we can also export 20% of the product.” Mr Hahn also expressed his company’s interest in investing in Khor Al Zubair Port.

Dr. Haider Ali, the chairman of BIC, looked at the proposed projects and demonstrated the available lands that can be suitable for such projects through the investment map. Buka Camp and other nearby locations were also discussed.

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