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the expertise of both entities to attract international terminal operators and develop commercial
sea corridors, thereby contributing significantly to Iraq's economic prosperity.

The primary focus of this agreement is on enhancing the operational efficiency and capabilities of
Al-Faw Port and Economic Zone through advanced management models and comprehensive
feasibility studies. This initiative is expected to explore investment opportunities and boost global
trade relations.

Highlighting the project's significance, Iraq’s Minister of Transport emphasized its critical role in
local and regional economic development. The project, coupled with a developmental road project,
aims to strengthen maritime transport and freight shipping between Asia and Europe.
Dr. Al Zeyoudi echoed these sentiments, pointing out that the agreement aligns with the UAE's
strategic vision to strengthen economic ties and increase bilateral trade volumes with Iraq. This
partnership is seen as a platform for mutual growth in key industries.

Dr. Eng. Farhan Muhesen Al Fartosi expressed optimism about this new phase of cooperation with
AD Ports Group. By partnering with international shipping lines and leveraging the port's strategic
location, this venture is poised to unlock new trade and investment opportunities, fostering
economic growth and prosperity for Iraq.

Captain Mohamed Juma Al Shamisi reiterated AD Ports Group's commitment to this partnership,
highlighting its alignment with the vision for strategic global trade and logistics growth. This
expansion of collaboration is a testament to the strong relations between the UAE and Iraq, aiming
at economic development and diversification in the region.

This agreement marks a significant milestone in the collaborative efforts between AD Ports Group
and GCPI, setting a solid foundation for future expansions that promise to enhance trade
connectivity between Asia and Europe while contributing to the economic growth of both nations.

https://www.onearabia.me/business/ad-ports-group-iraq-sign-agreement-develop-al-faw-port-
011-19563.html