Abu Dhabi's AD Ports Group and Iraq's GCPI sign a preliminary agreement for a joint venture to develop Al-Faw Grand Port and its economic zone.
Abu Dhabi's AD Ports Group has signed a preliminary agreement with Iraq's General Company for Ports (GCPI) to establish a joint venture for developing Al-Faw Grand Port and its economic zone. The deal also covers potential investments, management, and operation of ports, economic zones, and related infrastructure in other Iraqi cities. The agreement aims to attract international terminal operators, boost global trade relations, and develop commercial sea corridors, contributing to Iraq's economic growth.
April 03, 2024
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