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Iraq looks at the requests of foreign companies to invest in the port of Faw

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Iraq looks at the requests of foreign companies to invest in the port of Faw

Unread postby admin » Sun Jun 17, 2018 8:09 am

Iraq looks at the requests of foreign companies to invest in the port of Faw

2018/6/17 8:42

Iraq looks at the requests of foreign companies to invest in the port of Faw

[Ain-Baghdad]
The Ministry of Transport announced the formation of a joint stock company to manage the port of Faw with a capital of $ 1.3 billion, in addition to considering the requests of foreign companies wishing to invest in this port, which she described as the most prominent economic event.
"There is a clear progress in the work of the port, especially afterthe Iraqi ports received the eastern breakwater during the last year by the executing company, and we have provided all the resources to speed up the work of the port. To implement it after meeting with companies operating in it and overcoming the obstacles before it. "
He added that "the ministry is in the arrangement of meetings with the relevant authorities to reach the best way to achieve the port and to identify the problems facing them in the implementation of this large project, which will change the map of global transport, and will be a great support and important for the Iraqi economy for the jobs will provide the stages of implementation and management and accommodate Many hands ".
He stressed that "Basra will have a share in this vital and strategic project through the activation of the private sector, as a real partner in the construction, and the involvement of all other foreign companies wishing to invest in the port of Faw," pointing to "great benefits will be thrown economic effects in several areas and areas" .
For his part, said economic expert Nabil Marsoumi, "The port in the event of completion will provide the state treasury of $ 2 billion annually, and provides jobs for more than 70 thousand workers, and leads to revitalize economic life in a large format, not only in Basra, but in All of Iraq ".
He pointed out that "the study reached the lack of seriousness of successive governments in the completion of the project, as it did not allocate the necessary financial resources for implementation," ruling out "the advent of companies to invest directly in the port before the completion of infrastructure."

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