Tag Archives | Grand Faw

$6bn Iraqi Port Development available for Investment

By John Lee. Iraq’s National Investment Commission (NIC) has included the “Grand Port of Al Faw” in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Project cost: $6 billion Location: Basra Design capacity: Phase one 2018: […]

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 […]

Investors may be sought for Grand Faw Port

By John Lee. Iraqi Transport Minister Baqr Jabr Al-Zubeidi (pictured) has said that Iraq is considering seeking foreign investors to fund the multi-billion-dollar Grand Faw [Grand Fao] port project. Emirates 24/7 quotes the Minister as saying that the transport ministry is unable to execute the $6-billion (7-trillion-Iraqi-dinar) project, and is considering awarding the project “on […]

Greek Company Wins 200m-Euro Grand Faw Contract

By John Lee. Iraq’s Ministry of Transport has reportedly signed a contract with a Greek company to construct the eastern breakwater and dock services for the new Grand Faw sea-port. According to NINA, the project will cost 204 million Euros, equivalent to 315 billion Iraqi dinars. While the name of the company was not mentioned, […]

Iraq Shortlists 2 to Build Breakwater

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 […]

16 Firms Bid to Build $412m Grand Faw Breakwater

By John Lee. Sixteen companies have bid to build a 480 billion-dinar ($412 million) breakwater for Iraq’s Grand Fao [Grand Faw] port. Omran Radhi, director general of the State Company for Iraq’s Ports, told Bloomberg that the list of bidders includes: Hyundai Engineering & Construction; Daewoo Engineering & Construction; Dredging International; China Communications Construction Company; […]