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4/22/24, 3:20 PM AD Ports to Develop Al Faw Grand Port and Economic Zone | Iraq Business News
cooperation. The venture is set to bring together the expertise of both entities to attract
international terminal operators, foster global trade relations, and develop commercial sea

corridors, contributing to Iraq's economic growth.

The preliminary agreement aims to provide the necessary expertise for Al-Faw Port and

Economic Zone, using advanced management and operating models, in addition to
studying the mechanism of developing, financing, managing, operating and maintaining
the project, with an aim to enhance overall efficiency and operational capabilities.

Both 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.

His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, said:

"Al Faw Grand Port and Economic Zone project is of great importance to the Iraqi

government, which is committed to implementing the project in line with the highest
global standards, in cooperation with our partners in the UAE and AD Ports Group.

We have provided all the necessary solutions to ensure the success of the project,
which aims to significantly contribute to local and regional economies. Moreover,

combined with the development road project, Iraq's most prominent economic and
logistics development, this project will strengthen maritime transport and freight

shipping between Asia and Europe."

His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade,
said:

"The agreement signed today between AD Ports Group and the General Company
for Ports of Iraq, is in line with the directives of our wise leadership towards

strengthening economic ties and increasing bilateral trade volumes between the two
countries, in combination with associated agreements aimed towards the

establishment of mutual growth platforms for business and private sectors, through
exploring cooperation opportunities that drive mutual benefit in key industries."

Dr. Eng. Farhan Muhesen Al Fartosi, Director General of the General Company for Ports of
Iraq, said:

"We are embarking on another phase of cooperation with AD Ports Group, reflecting

our shared commitment to advancing the development of our ports and economic

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