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Daewoo fulfills Iraq’s Faw Port despite obstacles

Iraqi government voted for signing a contract with the Korean company Daewoo to finish Faw Port project.

The head of Iraqi Ports in the Ministry of Transportation signed a contract Dec. 30 with the South Korean company Daewoo for the completion of the Faw Port project in Basra.

Faw Port is considered a strategic national project for Iraq, as it will be the only Iraqi port capable of receiving large ships, enabling Iraq to become part of a new silk road via the transference of goods from east to west through its lands from the Persian Gulf to the Mediterranean Sea.

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