Iraq specifies the selection process for the operation of the Grand Faw Port.

Eulerpool Research Systems Nov 12, 2024

Takeaways NEW

  • The decision on this could have significant global logistical implications.
  • Iraq has shortlisted eleven companies to operate the Grand Faw port.
The port of Grand Faw, currently under construction in southern Iraq, is moving closer to becoming operational. The Iraqi government has now shortlisted eleven renowned companies that could potentially take over the operation of this commercial hub. This selection decision, which is attracting investors from around the world, is expected to be made in January 2025. With the aim of developing the port into a key point in global trade, the government places great importance on the expertise of the selected candidates. These candidates are expected to make trade through the Persian Gulf more efficient and strengthen regional economic power. The upcoming decision is of high strategic significance for the country and could have far-reaching impacts on the global logistics industry. The consistent implementation of such infrastructure projects is crucial for Iraq's economic future. With the Grand Faw port, the country could reach a new milestone and redefine its position on the global maritime trade map.

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