AsiaMiddle EastPorts and Logistics

Daewoo E&C secures $2.6bn port construction deal in Iraq

South Korea’s Daewoo Engineering & Construction has signed a deal to build the first phase of the Faw commercial port in the south of Iraq.

Under the $2.62bn contract, Daewoo E&C’s construction work including building five berths and a container yard as well as all dredging and drilling works.

The first phase of the port is expected to have a container capacity of 3m teu and allow it to receive the largest containerships. 

Construction is scheduled to be completed in four years, and currently Iraq’s main commercial shipping activities are handled by Umm Qasr port.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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