Page 726 - MOE ENGLISH PR - APRIL 2024

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
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 opportunities 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, AD Ports Group, 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."

https://www.msn.com/en-ae/news/other/ad-ports-group-general-company-for-ports-of-iraq-sign-
preliminary-agreement-to-develop-al-faw-grand-port-economic-zone/ar-BB1l2fkm