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.
