By John Lee. In a ceremony at Iraq's giant Al Faw Grand Port in Basra on Thursday, South Korea's Daewoo has handed over five new berths to the Iraqi state. The port is a key part of the planned Development Road project, which will connect the Persian Gulf with the Mediterranean Sea via Iraq and […]
By John Lee. Representatives from Iraq, Turkey, the UAE, and Qatar gathered in Basra to discuss the latest developments in the "Development Road" project. The meeting focused on finalizing the economic feasibility study and defining key routes for the project's execution. Led by Iraq, with participation from Turkey, Qatar, and the UAE, this meeting is […]
By John Lee. Iraq's Ministry of Transport has announced that the first phase of the Grand Faw Port will be completed by next year. The project is part of the broader Development Road initiative, with progress continuing steadily. The designs for the railway line and soil surveys for the Development Road have reached 100% completion, […]
By John Lee. The Iraqi Ministry of Transport has announced the completion of the five-berth construction project at Al-Faw Grand Port's container terminal. According to Dr. Farhan Al-Fartousi, Director General of the General Company for Ports of Iraq, all stages of the project have been successfully finalized, following the directives of Transport Minister Razzaq Muhibis […]
By John Lee. Iraq's Prime Minister, Mohammed Shia' Al-Sudani, announced the country's openness to partnerships for its flagship "Development Road" project, during a forum in Baghdad titled "Development Road - Opportunities and Growth." The forum was hosted by Enki Foundation for Studies and Research. The event brought together economists, investors, and business leaders to discuss […]
By John Lee. Prime Minister Mohammed S. Al-Sudani chaired a meeting this week to follow up on the progress of Al-Faw Grand Port, attended by representatives from Daewoo, the Korean company, and the Italian consultancy firm, Technital. The Prime Minister's Office said he reviewed the details of the ongoing work on the key projects within […]
By Tariq Tahir for The National. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq told to pay $120m to construction company in dispute over Al Faw breakwater The Iraqi government and its ports operator, the General Company for Ports of Iraq (GCPI), […]
By John Lee. The International Maritime Organization (IMO) has said that Iraq is embracing the move to digitalize its maritime sector, with plans to establish a maritime single window for the major ports of Umm Qasr (North and South). A team of IMO experts completed a mission to Basra (30 June - 4 July) to […]
By John Lee. The Iraqi Prime Minister has confirmed that Iraq has agreed with Abu Dhabi Ports (AD Ports Group) on a partnership to operate the new Al-Faw Grand Port. Addressing a round table held by the Bilateral Chamber in Houston, Texas, as part of his official visit to the United States, Muhammad Shiaa Al-Sudani […]
By John Lee. AD Ports Group has announced that it has entered into a preliminary agreement with the General Company for Ports of Iraq (GCPI). Under the terms of the agreement, both parties will establish a joint venture to develop Al-Faw Grand Port and its economic zone, as well as any future expansion. The agreement […]
By John Lee. Abu Dhabi's AD Ports Group this week welcomed an Iraqi delegation headed by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics services, economic cooperation in the […]
By John Lee. On Thursday, Prime Minister Mohammed Shiaa Al-Sudani received a delegation from the Turkish company Limak, specializing in transportation and construction projects, led by the company's founder, Mr. Nahad Ouzdemir. During the meeting, the Prime Minister highlighted the investment and developmental opportunities for the company to contribute to Iraq, particularly in infrastructure, transportation […]
