By Azhar Al-Ruabie for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. Iraq's al-Faw port project's endless delays Although 10 years have passed since the Iraqi government started laying the groundwork for the al-Faw grand port in southern Iraq, the project is still far […]
By John Lee. An article for Port Strategy has questioned whether Iraq’s huge Al Faw port project is it really necessary, or is just a 'rice bowl' for a select few enabled by dysfunctional government? "It appears to be a text book case study in a government and civil society short on technical and commercial […]
By John Lee. South Korea’s Daewoo Engineering & Construction has reportedly won an $86 million order to build a prefabrication yard for a tunnel project at the new Al Faw Grand Port in Basra. Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the Khor Al-Zubair immersed tunnel prefabrication […]
By John Lee. South Korea's Daewoo Engineering & Construction has won a US$70.35 million order to build entrance roads for the new Al Faw Grand Port in Basra. Under the deal with the General Company for Ports of Iraq (GCPI), Daewoo will complete the 14.5 kilometer-long road by May 2021. Earlier this year, the company […]
By John Lee. Iraq's National Investment Commission (NIC) has included the "Grand Port of Al Faw" in its list of major strategic projects to be presented during the Kuwait International Conference for Iraq Reconstruction, to be held in Kuwait from 12th to 14th February: Project cost: $6 billion Location: Basra Design capacity: Phase one 2018: […]
Ministry of Transport has announce the investment opportunity of constructing the Major Port of Faw (Al Faw Grand Port) according to investment law No. 13 for the year 2006, amended and its regulations. DESCRIPTION Project location: Faw Peninsula, Abdullah Khor beach, South of Iraq Project total area: 40 thousand donum Port area: 54 KM² Designed […]
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 […]
By John Lee. Iraq is preparing to tender the $1.3bn contract to deliver the marine works component of the first phase of the new Grand Fao [Faw] Port. Project director Asaad Rashid told MEED's Arabian World Construction Summit (AWCS): “We are evaluating prequalification documents from about 18 consortiums ... We shall issue the shortlist for […]
By Omar al-Shaher for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraq has decided to exempt foreign companies involved in the Faw Port project from customs duties and taxes. This decision was an attempt to accelerate the completion of the stalled project, through […]
By John Lee. Iraq has announced a shortlist of two companies to build a breakwater for the $6 billion first phase of its Grand Fao port development. The director general of the State Company for Iraqi Ports, Omran Radhi (pictured), told Bloomberg that the Archirodon Construction Company submitted the lowest bid of 204 billion dinars […]
Basra Provincial Council announced on Tuesday the formation of a group that includes 100 local businesses to invest in Faw Port "to preserve the sovereignty of Iraq". Council member Walid Qitan said: "The efforts of businessmen in the province resulted in the cooperation of major public companies to invest in Faw Port in order to […]
Iraq has issued a tender for the building of a breakwater to the south of Basra on the Persian Gulf, the first stage of construction of the giant $6 billion Grand Faw port scheme. The closing date for the tender is 15th July, and offers will be opened on 16th July, while interested companies are […]
