German Company Seeks Investment in Iraqi Ports

A German company is interested in providing heavy equipment to Iraqi ports, in cooperation with the Iraqi Ports Company, an official source at the company said on Monday, according to a report from AK News.

"The German company Damij Cransing (sic) is seeking to invest ... in direct cooperation with the Iraqi Ports Company and Iraqi businessmen," Anmar al-Safi, head of the media department at the Iraqi Ports Company said. IBN believes the company involved is actually the German Demag Cranes, one of the world’s leading providers of industrial cranes.

"Iraqi ports need loading and unloading equipment because they receive large numbers of commercial vessels every day," al-Safi added.

A director of the German company announced that the company would was ready to work with Iraqi Ports, adding that "our company is one of the biggest companies specializing in providing large ports with equipment, and is very experienced with major international ports."

"The company is seeking to deal with experienced Iraqi businessmen," he noted.

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