Iraq to sign $2.6bn port contract with Daewoo
BASRA (Iraq), December 24, 2020 Iraq’s government has agreed to sign a $2.625 billion contract with South Korea’s Daewoo Engineering & Construction to build the first phase of a giant commodities port in the south of the country, reported Reuters, citing a port manager. Under the contract, expected to be signed on Sunday, Daewoo E&C will handle construction works that include building five berths to unload ships and a yard for containers, stated Farhan Al Fartousi, Iraq’s director ...
Source: tradearabia.com