Iraq to choose foreign firm to finish Al-Faw Grand Port's superstructure
Al-Fartousi told the state-run news agency (INA) that 11 foreign firms were asked to bid on a contract and that it would be awarded to the operator who best fits the port's operational and commercial demands, as backed by a full feasibility assessment covering volume and return expectations.
The Iraqi Minister of Transport, Razzaq Al-Saadawi, revealed in March that the first phase of the Al-Faw Grand Port will be completed by the end of 2025.
The first phase of the project consists of five piers, which have been completely finished; a 62-kilometer road that connects the Al-Faw Grand Port to Umm Qasr port city; a 2,400-meter-long submerged tunnel; a ship canal; and a container yard, according to the Iraqi News Agency (INA).
The Al-Faw Grand Port is located on the Khor Abdallah Channel, near the mouth of Shatt Al-Arab.
According to Maritime Gateway News, the five container shipping berths, which have been constructed by Daewoo E&C, a company located in South Korea, can each hold ships up to 23,000 twenty-foot equivalent units (TEU).
With 100 berths and the potential to accommodate 7.5 million TEU per year, the Al-Faw Grand Port is projected to overtake Dubai's 67-berth Jebel Ali as the Middle East's largest container port when completed in 2038.
The port's first phase, which is expected to be completed in 2028, has the potential to accommodate four million TEU of cargo per year.
The $7 billion logistics project, which connects Basra to Turkey by land, will compete with Egypt's Suez Canal and establish Basra as a gateway to Europe.
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