By John Lee. The International Finance Corporation (IFC), a member of the World Bank Group, is investing in Aloreen Company for Investments Limited to finance new port equipment and expand capacity at Umm Qasr, Iraq's only deep-water port. The financing package will support the procurement of: Four ship-to-shore cranes; Ten rubber-tyred gantry cranes. The investment […]
IFC Marks 20 Years of Partnerships for Impact in Iraq, Announces $1bn in New Investments The International Finance Corporation (IFC), a member of the World Bank Group, held an IFC Partnerships Day in Baghdad on Saturday, under the patronage of His Excellency Mr. Mohammed Shia' al-Sudani, Prime Minister of Iraq, to mark two decades of […]
By John Lee. UK-based international law firm Clifford Chance has announced that it has advised International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) on the US$125 million financing of the development, construction, equipping and operation of both new and existing facilities at the Umm Qasr Port in Iraq. In a press release, the […]
Basra Multi-purpose Terminal (BMT), the largest multi-purpose port facility in Iraq, announces a major development in the Port of Umm Qasr. Marking a significant expansion to their existing facilities, BMT will be increasing their total investment in Umm Qasr Port to over USD 200 million, aimed to further advance the port in the international trade […]
Basra Multipurpose Terminal (BMT), in the port of Umm Qasr, has recently welcomed Iraq’s largest vessel do date, the 325 meter-long MSC Rita. The arrival was marked by a visit from the Minister of Transport, Kadhim Finjan, who took the helm and successfully piloted the massive ship safely through the channel. The MSC Rita sails […]
