The start of preparations for the holding of the private port of Faw investment conference

History of edits:: 2016/1/27 15:36

{Baghdad: Euphrates News} MP proof Almamori member of the Committee of Economy and Investment parliamentary announced the start of the preliminary contract to the private port of Faw investment conference preparations.

Said Mamouri in a statement received by the agency {Euphrates News} a copy of it on Wednesday that "the committee has initiated and for months to address the relevant authorities in order to speed up to complete this vital project by investing way after we found the inability to provide the required funding through the budget that have been affected negatively, down imports allocations Iraq, which depends on oil as a principal source of funding. "

He added that the presidency "Cabinet approved the transfer of the establishment of the project through investment as well as the Ministry of Transport, where a committee was formed of all the relevant authorities which representatives of the economic and investment commission in Parliament and the Council of Ministers and the Ministry of Transport and representatives of the province of Basra and maritime transport, which will begin its meetings soon for the purpose of preparing for the conference a major international investment will take place in Basra called him international companies specialized in this type of project. "

He noted that "the Commission will examine the possibility of allocating part of the project through shares system any shares are offered direct to subscribe to the Iraq Stock Exchange and here we will let citizens contribute to the project, one of the best types of investment which would accrue to the shareholders a good profit, but what is important is the project, which will be imports completion the importance of not less than oil imports, not to mention that it will provide jobs for large numbers of young people and operate related sectors. "

The port of Faw one of the largest littoral ports on the Arabian Gulf, one of the important strategic projects for the global commercial exchange has in accordance with fundamental to his designs developed by the consulting firm Italian will be the port of Faw on the container terminal 3,500 meters long, and a berth last a length of 2,000 meters, as well as an arena for storage containers an area of ​​more than one million square meters, and other multi-purpose yard with an area of ​​600 thousand square meters Mrba.anthy


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