Page 720 - MOE ENGLISH PR - APRIL 2024

4/22/24, 2:17 PM AD Ports Group in deal to develop Iraq port, economic zones
"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," he added.

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 opportunities that drive mutual benefit in key
industries."

Dr Al Fartosi 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," he stated.

Al Shamisi said: "We are pleased to reinforce our partnership with the Iraqi 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," he added.-TradeArabia News Service

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