INA- BAGHDAD
Media Office of the Prime Minister said in a statement obtained by the Iraqi News Agency INA that Prime Minister Mohammed S. Al-Sudani presided over the handover ceremony of five berths at Al Faw Grand Port in Basra Province, completed by the implementing Korean company.
The statement read “In his speech at the ceremony, the Prime Minister highlighted the strategic significance of these five berths as the backbone of Al Faw Grand Port’s phase one, set to be completed next year according to schedule. Massive commercial ships with deep drafts have already docked at the port’s berths.”
It said “The Prime Minister announced that this project has effectively entered the global trade and transport routes that pass through the Middle East, a region crucial to global commerce. The project will transform Iraq from a country dependent on the ports of others to a maritime state with a full presence on the Gulf.”
The statement further stated Key points from Prime Minister Al-Sudani’s speech during the ceremony:
- Economic transformation and sustainable development represent an integrated approach to meet the country’s needs and bolster Iraq’s connectivity to international trade.
- Iraq has historically been a key pillar of the global economy and a central route in major trade exchanges.
- The Development Road, originating from Al Faw Grand Port, will link the economies of many regional nations and provide a hub for economic integration.
- The Council of Ministers has supported the Ministry of Transportation’s work on upgrading railway lines along the Development Road and connecting routes within an interconnected plan.
- New rail projects have been included in the investment plan, with allocated funding.
- The government remains committed to completing this project as a gateway to Iraq’s larger vision—the Development Road. This initiative and adjacent industrial cities form the core of the government’s plan to increase non-oil revenues.
- The State Company for Iraqi Ports has made significant progress in implementing an effective management strategy for Al Faw Grand Port.
- Leading global operators are being engaged to select the most viable economic model to attract international trade.
- The government remains committed to providing opportunities for the future generations in fields like industry, production, goods transportation, agriculture development, and facilitating trade through this international corridor.
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