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Share this article BAGHDAD, Dec 30 (Reuters) – Iraq agreed a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction (047040.KS) on Wednesday to build the first phase at its planned Faw commodities port in the south of the country. Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers. Daweoo will also carry out dredging and drilling works to create an access navigation channel, Farhan al-Far...

Iraq signs $2.6 billion deal with S. Korea's Daewoo to build first phase of Faw port By Reuters Staff 2 Min Read BAGHDAD (Reuters) -Iraq agreed a $2.625 billion deal with South Korea’s Daewoo Engineering & Construction (047040.KS) on Wednesday to build the first phase at its planned Faw commodities port in the south of the country. Under the contract, signed in Baghdad by representatives of Iraq’s transportation ministry and the South Korean company, Daewoo E&C will handle construction work including building five berths to unload ships and a yard for containers. Daweoo will also carry ou...

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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 ...

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 general at the General Company for Ports.   Daweoo will also carry out dredging and drilling work...