The Iraqi Transportation Minister, Amer Abdul-Jabbar, said that the ministry has signed a contract to purchase 66 vessels from an international company in order to reduce import expenditure, according to a report from AKnews.
He said the ships will arrive next Monday and will create many job opportunities.
Abdul-Jabbar noted that the project needs the support of the other ministries like the Ministry of Trade so as to help upgrade the trade exchange through the new ships.
“Annually the Iraqi Transportation Ministry spends a huge amount of money on importing 60 thousand tons of goods into the Iraqi docks but if the imports are carried through the national channels, expenditures would decrease,” Abdul-Jabbar explained.
Basra’s harbours, 550 km south Baghdad, have seen a considerable increase in trade in the past two years.