AD Ports Group sign deal to develop Iraq's Al-Faw Grand Port

RIYADH, Apr 04 (Arab News): Iraq's maritime industry is poised for expansion after a UAE logistics and trade firm signed a deal aimed at developing Al-Faw Grand Port and its associated economic zone.

Abu Dhabi Ports Group entered into a preliminary agreement to develop a joint venture with the Iraqi goverment-company responsible for the sector, according to a press release.

The initiative seeks to contribute to the nation's economic growth by fostering global trade relations, developing commercial sea corridors, and attracting international terminal operators, the report added.