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4/22/24, 3:16 PM UAE's AD Ports Group signs preliminary agreement for new Al-Faw Grand Port in Iraq | Markets – Gulf News
logistics development, this project will strengthen maritime transport and freight

shipping between Asia and Europe.”

We are pleased to reinforce our partnership with the
Iraqi Ministry of Transportation, represented by the

General Company for Ports of Iraq

- Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group

Working on Al-Faw project

The preliminary agreement will look into the mechanism of developing, financing,

managing, operating and maintaining the Al-Faw Grand Port project. The JV parties

will explore investment opportunities and 'conduct the necessary feasibility studies

related to ports, economic zones and other infrastructure under the General Company

for Ports of Iraq'.

"We will create a joint operational policy which includes partnering with key

international shipping lines to meet the outcomes of the project’s feasibility study,"

said Farhan Muhesen Al Fartosi, Director-General of the General Company for Ports
of Iraq.

"By leveraging the port’s strategic location linking commercial lines between the East

and the West, we will unlock new opportunities for trade, investment and economic
growth, contributing to the prosperity of our nation."

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