Page 718 - MOE ENGLISH PR - APRIL 2024

4/22/24, 2:17 PM AD Ports Group, General Company for Ports of Iraq sign preliminary agreement to develop Al Faw Grand Port, Economic Zone - A…
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 transport and freight shipping between Asia and Europe.”

Dr. Al Zeyoudi 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 opportunitie

that drive mutual benefit in key industries.”

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

zones. Together, 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. 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.”

Managing Director and Group CEO of AD Ports Group said: "We are pleased to reinforce our partnership with the Iraq

Ministry of Transportation, represented by the General Company for Ports of Iraq. The expansion of our collaboration
demonstrates our commitment to strengthening relations between both our countries in line with our wise leadership’s

vision for strategic global trade and logistics growth that further boosts economic development and diversification in

the region and beyond."

Source: Aletihad - Abu Dhabi

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