According to a memorandum of understanding extending to 12 months, renewable automatically
Abu Dhabi Ports is studying investment, management and operation in Iraqi ports
during the signing of the Memorandum of Understanding.
From the source
Abu Dhabi Ports Group signed a memorandum of understanding with the General Company for Ports in Iraq, with the aim of developing cooperation and partnership relations in the field of transport in general, and maritime transport in particular, and the exchange of experiences and best practices that the two parties adopt in their work.
The memorandum was signed in the presence of the Minister of Energy and Infrastructure in the UAE, Suhail Al Mazrouei, and the Iraqi Minister of Transport, Nasser Hussein Al-Shibli, by the CEO of Abu Dhabi Ports Group, Captain Mohamed Juma Al Shamsi, and the Director General of the General Company for Ports in Iraq, Dr. Eng. Farhan Muhaisin Al-Fartousi. This was during the visit of a high-level Iraqi delegation to the country.
A statement issued yesterday clarified that the memorandum extends to 12 months, renewable automatically for a similar period, and stipulates that the Abu Dhabi Ports Group will explore investment opportunities and conduct the necessary feasibility studies to implement the terms of the memorandum, foremost of which is the study of investment, management and operation in ports and economic zones, and other structures. The infrastructure of the General Company for Ports in Iraq, in addition to developing infrastructure such as road and rail networks, with the aim of linking the Iraqi port of Faw to the neighboring markets in Jordan and Turkey, and financing all feasibility studies related to the memorandum.Al Mazrouei said, "The signing of the memorandum comes in the context of the state's keenness and the directions of its wise leadership, aimed at strengthening joint work with the brotherly Arab countries, and within a national vision aimed at developing strategic sectors, building work systems that contribute to achieving economic and social development in the country, and the participation of The best experiences and expertise, and transferring them to the brothers in the Republic of Iraq, in a way that enhances the building of a diversified and sustainable economic structure.
For his part, the Iraqi Minister of Transport expressed his happiness at the launch of this cooperation with the Abu Dhabi Ports Group, pointing out that this memorandum of understanding constitutes a promising start for cooperation between the two parties, which will provide many services and support in the future for investors in the two countries, as it lays the foundation for building a capable Arab port system. To accommodate the global requirements of the sector, and keep pace with the ambitious development visions in the two countries.
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