Mitsubishi to develop port facilities in Iraq worth USD 110 mn
Mitsubishi will focus on port’s rehabilitation in the southern region of Basra
Mitsubishi will focus on port’s rehabilitation in the southern region of Basra and will get fund’s loan from Japan International Cooperation Agency(JICA).
Mitsubishi will work in partnership with contractors like Turkish firms, Calik Enerji and Gap Insaat.
According to the information these two Turkish companies will have a big role in the execution of construction work, while Mitsubishi will take care of overall project coordination and import of material and other necessary supplies from Japan.
Increasing demands of port infrastructure raise as the volume of trade flowing in and out of the country grows.
Only ports currently in operation in Barsa region are Khor Al-Zubair and Umm Qasr, this project will become noteworthy because of the geographical situation where Iraq can find a suitable outlet to the sea between Iran and Kuwait.