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.
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