UAE's Abu Dhabi Ports Group to Develop Iraq's Al-Faw Grand Port and Economic Zone: Boosting Global Trade and Maritime Industry
Iraq's maritime industry is set to grow with a new deal between the Iraqi government and Abu Dhabi Ports Group of the UAE.
The agreement aims to develop Al-Faw Grand Port and its economic zone, contributing to Iraq's economic growth through global trade relations, commercial sea corridors, and attracting international terminal operators.
The joint venture also includes potential investments, management, and operations of logistic terminals, economic zones, and related infrastructure in other Iraqi cities.
Iraq's Minister of Transport, Razzaq Al-Saadawi, expressed the Iraqi government's commitment to implementing the project with global standards in cooperation with UAE and Abu Dhabi Ports Group.
The text discusses a preliminary agreement between AD Ports Group of the UAE and Iraq's General Company for Ports, aimed at enhancing the expertise and efficiency of Al-Faw Port and Economic Zone in Iraq.
The project aims to boost maritime transport and freight shipping between Asia and Europe.
The agreement follows previous cooperative agreements signed in 2021 and 2023.
The UAE's Minister of State for Foreign Trade, Thani Al-Zeyoudi, stated that the agreement aligns with the UAE's leadership's directives to strengthen economic ties and increase trade volumes between the two countries.
The speaker mentioned adding agreements to promote business growth for both sectors through cooperation in key industries, aiming for mutual benefit.
The joint venture also includes potential investments, management, and operations of logistic terminals, economic zones, and related infrastructure in other Iraqi cities.
Iraq's Minister of Transport, Razzaq Al-Saadawi, expressed the Iraqi government's commitment to implementing the project with global standards in cooperation with UAE and Abu Dhabi Ports Group.
The text discusses a preliminary agreement between AD Ports Group of the UAE and Iraq's General Company for Ports, aimed at enhancing the expertise and efficiency of Al-Faw Port and Economic Zone in Iraq.
The project aims to boost maritime transport and freight shipping between Asia and Europe.
The agreement follows previous cooperative agreements signed in 2021 and 2023.
The UAE's Minister of State for Foreign Trade, Thani Al-Zeyoudi, stated that the agreement aligns with the UAE's leadership's directives to strengthen economic ties and increase trade volumes between the two countries.
The speaker mentioned adding agreements to promote business growth for both sectors through cooperation in key industries, aiming for mutual benefit.
Translation:
Translated by AI
