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By: Patricia Büeler
Deal inked for Al-Faw port development
Photo: AD Ports
AD Ports Group has signed a preliminary agreement with the General Company for Ports of Iraq to develop Al-Faw Grand Port and its economic zone.
The collaboration seeks to enhance trade connectivity and strengthen the economic partnership between the UAE and Iraq. It includes potential investment, management, and operation of ports, economic zones, and related infrastructure in Iraq.
The venture aims to attract international terminal operators, foster global trade relations, and develop commercial sea corridors, contributing to Iraq's economic growth. Both parties will explore investment opportunities and conduct feasibility studies to enhance the efficiency and scope of the project. (pb)