Page 709 - MOE ENGLISH PR - APRIL 2024

4/22/24, 2:16 PM AD Ports Group, General Company for Ports of Iraq sign preliminary agreement to develop Al Faw Grand Port, Economic Zone | E…
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.

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

https://wam.ae/en/article/13ujznf-ports-group-general-company-for-ports-iraq-sign 3/5