By John Lee.
Arab Bridge Maritime, the joint venture established by the governments of Iraq, Jordan and Egypt in 1985, is planning a two ferry service between Basra and Dubai.
The venture will initially cost $2 million per year based on the hiring cost of the ferries, and if successful the ferries will be purchased, according to AB Maritime director Hussein al-Souob.
Al- Souob noted that the company had gone from strength to strength, with capital rising to $100 million as of last year.
(Source: Daily News Egypt.)