Tag Archive | "Kufan"

Video: New Basra Logistics City


CNN has produced a new video report on the development of Kufan Group‘s Basra Logistics City, which occupies the site of the former Camp Bucca [Boca] near Umm Qasr.

(Source: CNN)

Posted in Industry & Trade, Oil & GasComments Off

Details of New Basra Logistics City


Details of the new Basra Logistics City, on the site of the old Camp Bucca, have been released.

In December, the head of Basra Investment Commission said the $245 million-deal with the Iraqi Kufan Group and the American Northern Gulf Partners to develop the site marked a significant step toward rebuilding Iraq as it emerges from decades of war.

Please click on the following pages to see a presentation on the new facilities:

Posted in Construction & Engineering, Industry & Trade, Oil & Gas, TransportationComments Off

$245m Deal for Iraq’s Camp Bucca


Camp Bucca, the sprawling former prison once run by the U.S. military in southern Iraq, will be turned into a commercial center with offices, warehouses, aviation and fuel services to support investors, Associated Press reports.

Haider Ali Fadhil, the head of Basra Investment Commission, said the $245 million-deal with the Iraqi Kufan Group and the American Northern Gulf Partners marks a significant step toward rebuilding Iraq as it emerges from decades of war.

Fadhil said the new business complex will be ready in two years, and will be run with a 40-year lease. Northern Gulf Partners has confirmed to Iraq Business News that the reports are correct.

The 740-acre Camp Bucca prison was built by U.S. forces on the Kuwaiti border in 2003 and was the largest such U.S. facility in Iraq. It was emptied and closed in September 2009.

(Sources: Associated Press, Northern Gulf Partners)

Posted in Industry & TradeComments (1)


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