By John Lee.
Iraq has announced a shortlist of two companies to build a breakwater for the $6 billion first phase of its Grand Fao port development.
The director general of the State Company for Iraqi Ports, Omran Radhi (pictured), told Bloomberg that the Archirodon Construction Company submitted the lowest bid of 204 billion dinars ($175 million) and had the highest technical evaluation among 16 initial bidders.
Jeongshin Engineering & Construction Company offered 206 billion dinars.
The winner will be selected within two weeks.
Among the 16 companies bidding for the contract were Hyundai, Daewoo, Dredging International, China Communications Construction and Al Habtoor Leighton Group.