Iraq PM lays Grand Faw Port foundation stone middleeastmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from middleeastmonitor.com Daily Mail and Mail on Sunday newspapers.
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BASRA, Iraq (Reuters) -Iraq’s government has agreed to sign a $2.625 billion contract with South Korea’s Daewoo Engineering & Construction (047040.KS) to build the first phase of a giant commodities port in the south of the country, a port manager said on Wednesday.
The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create a shorter transportation corridor between the Middle East and Europe, bypassing the Suez Canal.
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, Farhan al-Fartousi, Iraq’s director general at the General Company for Ports, told Reuters in Basra.
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A Tokyo 2020 staff member (L) transfers the Olympic flame from the torch of Tomioka resident Momomi Kodama (C) to a lantern (R) at Tomioka Daiichi Junior High School during the first day of Tokyo 2020 Olympic Games torch relay on March 25, 2021. AFP
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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, a port manager said. The long-planned and repeatedly delayed Grand Faw port is one of several projects that Iraq hopes will create .
International Business: Iraq to sign Grand Faw port deal with Daewoo gdnonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gdnonline.com Daily Mail and Mail on Sunday newspapers.