By John Lee.
Nawah Port Management (NPM) has reportedly won approval from the Iraqi government to import food cargo at its Basra port container terminal.
Nicholas Kunesh, NPM’s president and CEO, said:
“This is an important moment for Basra and Iraq writ large. Given Iraq’s growing disposable income, particularly within the expanding middle class, demand is increasing to consume more types of food and at greater quantities.
"Therefore, the need for efficient, reliable movement of food into the country is becoming more and more paramount. Today’s announcement by the Iraq government clearly recognizes that necessity as well.”
Hayder Abood Abdul Abaas, a leading local Basra merchant and owner of Iraqi Basra Company, commented:
“With the Port of Basra added to the list of approved Iraqi entry points for food, the challenges faced by the vast majority of us importing and selling everything from fruit juice to chicken will be greatly reduced.
“We’ve already seen a difference in getting general and containerized cargo moved into Basra through the Port of Basra.”
NPM is a business unit of North America Western Asia Holdings (NAWAH).