Firms from Emirates to discuss Iraqi port investment

23 September 2009

Baghdad plans to develop facilities at Umm Qasr

Iraq will host a delegation of UAE companies to discuss new investment opportunities at Umm Qasr Port.

Baghdad has yet to name they companies, but they may include the Dubai-based ports operator DP World. It has expressed an interest in development work at the port. Umm Qasr is Iraq’s only deep-sea port.

An official from the Transport Ministry in Baghdad says the companies will discuss a range of opportunities to invest at the site.

Iraq has apparently scrapped plans for a $1bn privatisation of the southern port at Umm Qasr, preferring to lease individual berths to foreign companies on short-term contracts.

DP World was not available for comment.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications