Investors Sought for $6.5bn Port Project

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)

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