By John Lee.
Iraq has reportedly invited global investors to bid for its multi-billion-dollar Grand Faw port project.
The Ministry of Transport put the project’s total cost at around $6.5 billion (7.6 trillion Iraqi dinars), adding that only “serious and financially able” companies can bid.
The port has a planned capacity of around 99 million tonnes per year, and will have a 39km container quay and another 2km berth, besides a container warehouse with an area of more than one million square metres.
(Source: Emirates 24|7)