$7.4bn Investment Offer for Grand Faw Port

By John Lee.

Iraq's Transport Minister has said that companies from the UAE, Iran, Turkey and China have offered to invest $7.4 billion dollars (8.6 trillion Iraqi dinars) for the development of the Grand Faw (Grand Fao) port project.

Baqir Al Zubeidi told al-Forat news agency that the investment would cover the construction of quays and other facilities at the port, as well as "residential and industrial cities."

The interested companies have not been named.

(Source: Emirates 24|7)

Comments are closed.