Bidders show interest for Iraq port project

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Bidders show interest for Iraq port project

Iraq's cabinet has announced that firms from China, Greece and Spain have shown interest to develop the major port of Faw Peninsula in Abdullah Khor beach, South of Iraq.

The project will be developed on an area of 54 km². The new facilities will have:

  • Container terminal of 16 km length with total capacity of 25 million container/year
  • Bulk terminal of 5 km length with total capacity of 55 million ton/year
  • General cargo terminal of 4 km length with total capacity of 4 million ton/ year
  • Oil derivatives terminal of 6 km length with total capacity of 230 thousand barrel/ day

The total project investment is estimated at €7 billion (US$7.95 billion). The eastern and western wave brakes phase have been funded from the general budget with total amount of €720 million, the total cost of the first phase that make the port ready to operate is US$2.37 billion.

The Faw Peninsula is a marshy region adjoining the Persian Gulf in the extreme southeast of Iraq, between and to the southeast of the cities of Basra (Iraq) and Abadan (Iran). It is the site of a number of important oil installations, Its chief importance is its strategic location, controlling access to the Shatt al-Arab waterway and thus access to the port of Basra.

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.