Southern Iraq’s Grand Faw Port project, recently approved by the Council of Ministers, will provide employment opportunities for 150,000, according to the National Coalition on Sunday.
“The Grand Faw Terminal, approved by the Council of Ministers in 2004, is considered one of the most important projects that can achieve revenues in billions of dollars for Iraq, in addition to providing 120,000 temporary employment opportunities and 30,000 permanent opportunities,” Hussein al-Assadi told Aswat al-Iraq news agency.
The Grand Faw Terminal project covers an area of 14.7 million square metres, with a depth ranging from 15 to 17 metres, with construction continuing until 2028. The project is being implemented by an Italian consortium, in cooperation with the Projects Implementation Company in the Ministry of Transportation, for an investment cost reaching 4 billion Euros.
(Source: Aswat al-Iraq)