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[size=52]Economic optimism regarding Iraqi ports instead of global transport lines: no less important than the oil sector[/size]
[size=45]After the security tension witnessed in the Red Sea, which obstructed maritime trade through it, Iraq hopes that its ports will be an alternative to global transport lines, due to the importance of this step from an economic standpoint for the country.
[size=45]Economic expert Ahmed Al-Husseini said, during an interview with (Al-Mada), that “the possibility of Iraqi ports being prepared to receive international transport lines after the security tension in the region depends on the government effort.”[/size]
[size=45]He adds, “Iraq’s attempts are still timid regarding maritime trade, despite the moves on the large port of Al-Faw, the Silk Road, and the development road made by Prime Minister Muhammad Shiaa Al-Sudani.”[/size]
[size=45]The economic expert continues, “The matter requires greater serious efforts and bringing in foreign companies,” noting that “the Ministry of Transport does not have the management capacity or competence to complete this file, and there is no problem in seeking help from foreign companies.”[/size]
[size=45]Regarding the importance of Iraq being an alternative to global transport lines, Ahmed Al-Husseini explains that “non-oil resources have an economic impact and impact on the country, as the ports sector is like the rest of the sectors that feed the general budget with significant revenues, as happens in the experience of Egypt and Kuwait and in many developed countries.” Ports constitute a significant source of income for the state.”[/size]
[size=45]He continues, “Iraq has many opportunities that the state can invest in, but financial corruption and the power of parties prevent the benefit from this money,” pointing out that “the port sector is no less important than other sectors, especially the oil sector.”[/size]
[size=45]For his part, the Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, said in a statement received by Al-Mada, that “according to the directives of the Minister of Transport, Razzaq Muhaibis Al-Saadawi, the Iraqi ports of Umm Qasr must be prepared for any actual or international need, to receive increasing numbers of containers, after the tension.” The security situation in the Red Sea has led to the suspension of many of the major international transport companies’ routes, especially those transporting goods from Europe to the Arabian Gulf and East Asia and vice versa.[/size]
[size=45]Al-Fartusi added, “Iraq, because of its distinguished location linking the East and the West, is currently considered one of the easiest and safest transportation routes, as we expect that there will be a large movement of container handling in the port of Umm Qasr during the coming period,” stressing that “Iraqi ports are prepared for such an increase.” In operations.[/size]
[size=45]He continued, "Iraqi ports have actually become an important transit site for transporting goods from Europe through the Turkish port of Mersin and from there to Iraq all the way to the Gulf and East Asia, and vice versa for Chinese goods towards Europe."[/size]
[size=45]The Director General of the General Company of Iraqi Ports added, “This matter clearly shows the importance of the two projects of the Grand Al-Faw Port and the development road that Iraq is implementing, as they have become an international requirement, even an urgent necessity, so that the navigation and maritime transport routes in the world are safe.”[/size]
[size=45]More commercial ships and oil tankers changed their course towards alternative shipping lines, to avoid passing through the Red Sea and the Bab al-Mandab Strait, in order to avoid the escalating security tensions off the coast of Yemen.[/size]
[size=45]The change in ship routes increased the costs of transportation and marine insurance, while delaying the arrival of goods to their destination. Iraq is not immune to these events, as its oil exports heading to the markets of Europe and the United States will be affected.[/size]
[size=45]On the other hand, the sea lanes crisis draws attention to Iraq, as its geographical location qualifies it to be a “transit” area for transporting goods from Europe through Turkish ports, and from there to Iraq all the way to the Gulf and the East Asia region, and vice versa for Asian goods towards Europe.[/size]
[size=45]The port company was quick to announce its readiness to receive the increasing number of containers transported by international companies, whose ships were stuck in the Red Sea, stressing that Iraq is currently considered one of the easiest and safest transport routes.[/size]
[size=45]In addition, the Al-Faw Grand Port and Development Road projects have become an international need for safe sea and land transportation lines in the world.[/size]
[size=45]It is noteworthy that the French International Maritime Line Company (CMA) recently took a decision similar to the decision of (Maersk Line) to stop commercial ships on the sea line that pass through the Red Sea, as this generated a significant increase in the transport of goods through alternative methods, namely land or sea.[/size]
POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]
[size=52]Economic optimism regarding Iraqi ports instead of global transport lines: no less important than the oil sector[/size]
[size=45]After the security tension witnessed in the Red Sea, which obstructed maritime trade through it, Iraq hopes that its ports will be an alternative to global transport lines, due to the importance of this step from an economic standpoint for the country.[/size]
[size=45]Economic expert Ahmed Al-Husseini said, during an interview with (Al-Mada), that “the possibility of Iraqi ports being prepared to receive international transport lines after the security tension in the region depends on the government effort.”[/size]
[size=45]He adds, “Iraq’s attempts are still timid regarding maritime trade, despite the moves on the large port of Al-Faw, the Silk Road, and the development road made by Prime Minister Muhammad Shiaa Al-Sudani.”[/size]
[size=45]The economic expert continues, “The matter requires greater serious efforts and bringing in foreign companies,” noting that “the Ministry of Transport does not have the management capacity or competence to complete this file, and there is no problem in seeking help from foreign companies.”[/size]
[size=45]Regarding the importance of Iraq being an alternative to global transport lines, Ahmed Al-Husseini explains that “non-oil resources have an economic impact and impact on the country, as the ports sector is like the rest of the sectors that feed the general budget with significant revenues, as happens in the experience of Egypt and Kuwait and in many developed countries.” Ports constitute a significant source of income for the state.”[/size]
[size=45]He continues, “Iraq has many opportunities that the state can invest in, but financial corruption and the power of parties prevent the benefit from this money,” pointing out that “the port sector is no less important than other sectors, especially the oil sector.”[/size]
[size=45]For his part, the Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, said in a statement received by Al-Mada, that “according to the directives of the Minister of Transport, Razzaq Muhaibis Al-Saadawi, the Iraqi ports of Umm Qasr must be prepared for any actual or international need, to receive increasing numbers of containers, after the tension.” The security situation in the Red Sea has led to the suspension of many of the major international transport companies’ routes, especially those transporting goods from Europe to the Arabian Gulf and East Asia and vice versa.[/size]
[size=45]Al-Fartusi added, “Iraq, because of its distinguished location linking the East and the West, is currently considered one of the easiest and safest transportation routes, as we expect that there will be a large movement of container handling in the port of Umm Qasr during the coming period,” stressing that “Iraqi ports are prepared for such an increase.” In operations.[/size]
[size=45]He continued, "Iraqi ports have actually become an important transit site for transporting goods from Europe through the Turkish port of Mersin and from there to Iraq all the way to the Gulf and East Asia, and vice versa for Chinese goods towards Europe."[/size]
[size=45]The Director General of the General Company of Iraqi Ports added, “This matter clearly shows the importance of the two projects of the Grand Al-Faw Port and the development road that Iraq is implementing, as they have become an international requirement, even an urgent necessity, so that the navigation and maritime transport routes in the world are safe.”[/size]
[size=45]More commercial ships and oil tankers changed their course towards alternative shipping lines, to avoid passing through the Red Sea and the Bab al-Mandab Strait, in order to avoid the escalating security tensions off the coast of Yemen.[/size]
[size=45]The change in ship routes increased the costs of transportation and marine insurance, while delaying the arrival of goods to their destination. Iraq is not immune to these events, as its oil exports heading to the markets of Europe and the United States will be affected.[/size]
[size=45]On the other hand, the sea lanes crisis draws attention to Iraq, as its geographical location qualifies it to be a “transit” area for transporting goods from Europe through Turkish ports, and from there to Iraq all the way to the Gulf and the East Asia region, and vice versa for Asian goods towards Europe.[/size]
[size=45]The port company was quick to announce its readiness to receive the increasing number of containers transported by international companies, whose ships were stuck in the Red Sea, stressing that Iraq is currently considered one of the easiest and safest transport routes.[/size]
[size=45]In addition, the Al-Faw Grand Port and Development Road projects have become an international need for safe sea and land transportation lines in the world.[/size]
[size=45]It is noteworthy that the French International Maritime Line Company (CMA) recently took a decision similar to the decision of (Maersk Line) to stop commercial ships on the sea line that pass through the Red Sea, as this generated a significant increase in the transport of goods through alternative methods, namely land or sea.[/size][/size]
[size=52]Economic optimism regarding Iraqi ports instead of global transport lines: no less important than the oil sector[/size]
[size=45]After the security tension witnessed in the Red Sea, which obstructed maritime trade through it, Iraq hopes that its ports will be an alternative to global transport lines, due to the importance of this step from an economic standpoint for the country.
[size=45]Economic expert Ahmed Al-Husseini said, during an interview with (Al-Mada), that “the possibility of Iraqi ports being prepared to receive international transport lines after the security tension in the region depends on the government effort.”[/size]
[size=45]He adds, “Iraq’s attempts are still timid regarding maritime trade, despite the moves on the large port of Al-Faw, the Silk Road, and the development road made by Prime Minister Muhammad Shiaa Al-Sudani.”[/size]
[size=45]The economic expert continues, “The matter requires greater serious efforts and bringing in foreign companies,” noting that “the Ministry of Transport does not have the management capacity or competence to complete this file, and there is no problem in seeking help from foreign companies.”[/size]
[size=45]Regarding the importance of Iraq being an alternative to global transport lines, Ahmed Al-Husseini explains that “non-oil resources have an economic impact and impact on the country, as the ports sector is like the rest of the sectors that feed the general budget with significant revenues, as happens in the experience of Egypt and Kuwait and in many developed countries.” Ports constitute a significant source of income for the state.”[/size]
[size=45]He continues, “Iraq has many opportunities that the state can invest in, but financial corruption and the power of parties prevent the benefit from this money,” pointing out that “the port sector is no less important than other sectors, especially the oil sector.”[/size]
[size=45]For his part, the Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, said in a statement received by Al-Mada, that “according to the directives of the Minister of Transport, Razzaq Muhaibis Al-Saadawi, the Iraqi ports of Umm Qasr must be prepared for any actual or international need, to receive increasing numbers of containers, after the tension.” The security situation in the Red Sea has led to the suspension of many of the major international transport companies’ routes, especially those transporting goods from Europe to the Arabian Gulf and East Asia and vice versa.[/size]
[size=45]Al-Fartusi added, “Iraq, because of its distinguished location linking the East and the West, is currently considered one of the easiest and safest transportation routes, as we expect that there will be a large movement of container handling in the port of Umm Qasr during the coming period,” stressing that “Iraqi ports are prepared for such an increase.” In operations.[/size]
[size=45]He continued, "Iraqi ports have actually become an important transit site for transporting goods from Europe through the Turkish port of Mersin and from there to Iraq all the way to the Gulf and East Asia, and vice versa for Chinese goods towards Europe."[/size]
[size=45]The Director General of the General Company of Iraqi Ports added, “This matter clearly shows the importance of the two projects of the Grand Al-Faw Port and the development road that Iraq is implementing, as they have become an international requirement, even an urgent necessity, so that the navigation and maritime transport routes in the world are safe.”[/size]
[size=45]More commercial ships and oil tankers changed their course towards alternative shipping lines, to avoid passing through the Red Sea and the Bab al-Mandab Strait, in order to avoid the escalating security tensions off the coast of Yemen.[/size]
[size=45]The change in ship routes increased the costs of transportation and marine insurance, while delaying the arrival of goods to their destination. Iraq is not immune to these events, as its oil exports heading to the markets of Europe and the United States will be affected.[/size]
[size=45]On the other hand, the sea lanes crisis draws attention to Iraq, as its geographical location qualifies it to be a “transit” area for transporting goods from Europe through Turkish ports, and from there to Iraq all the way to the Gulf and the East Asia region, and vice versa for Asian goods towards Europe.[/size]
[size=45]The port company was quick to announce its readiness to receive the increasing number of containers transported by international companies, whose ships were stuck in the Red Sea, stressing that Iraq is currently considered one of the easiest and safest transport routes.[/size]
[size=45]In addition, the Al-Faw Grand Port and Development Road projects have become an international need for safe sea and land transportation lines in the world.[/size]
[size=45]It is noteworthy that the French International Maritime Line Company (CMA) recently took a decision similar to the decision of (Maersk Line) to stop commercial ships on the sea line that pass through the Red Sea, as this generated a significant increase in the transport of goods through alternative methods, namely land or sea.[/size]
POSTED ON[You must be registered and logged in to see this link.] BY [You must be registered and logged in to see this link.]
[size=52]Economic optimism regarding Iraqi ports instead of global transport lines: no less important than the oil sector[/size]
[size=45]After the security tension witnessed in the Red Sea, which obstructed maritime trade through it, Iraq hopes that its ports will be an alternative to global transport lines, due to the importance of this step from an economic standpoint for the country.[/size]
[size=45]Economic expert Ahmed Al-Husseini said, during an interview with (Al-Mada), that “the possibility of Iraqi ports being prepared to receive international transport lines after the security tension in the region depends on the government effort.”[/size]
[size=45]He adds, “Iraq’s attempts are still timid regarding maritime trade, despite the moves on the large port of Al-Faw, the Silk Road, and the development road made by Prime Minister Muhammad Shiaa Al-Sudani.”[/size]
[size=45]The economic expert continues, “The matter requires greater serious efforts and bringing in foreign companies,” noting that “the Ministry of Transport does not have the management capacity or competence to complete this file, and there is no problem in seeking help from foreign companies.”[/size]
[size=45]Regarding the importance of Iraq being an alternative to global transport lines, Ahmed Al-Husseini explains that “non-oil resources have an economic impact and impact on the country, as the ports sector is like the rest of the sectors that feed the general budget with significant revenues, as happens in the experience of Egypt and Kuwait and in many developed countries.” Ports constitute a significant source of income for the state.”[/size]
[size=45]He continues, “Iraq has many opportunities that the state can invest in, but financial corruption and the power of parties prevent the benefit from this money,” pointing out that “the port sector is no less important than other sectors, especially the oil sector.”[/size]
[size=45]For his part, the Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, said in a statement received by Al-Mada, that “according to the directives of the Minister of Transport, Razzaq Muhaibis Al-Saadawi, the Iraqi ports of Umm Qasr must be prepared for any actual or international need, to receive increasing numbers of containers, after the tension.” The security situation in the Red Sea has led to the suspension of many of the major international transport companies’ routes, especially those transporting goods from Europe to the Arabian Gulf and East Asia and vice versa.[/size]
[size=45]Al-Fartusi added, “Iraq, because of its distinguished location linking the East and the West, is currently considered one of the easiest and safest transportation routes, as we expect that there will be a large movement of container handling in the port of Umm Qasr during the coming period,” stressing that “Iraqi ports are prepared for such an increase.” In operations.[/size]
[size=45]He continued, "Iraqi ports have actually become an important transit site for transporting goods from Europe through the Turkish port of Mersin and from there to Iraq all the way to the Gulf and East Asia, and vice versa for Chinese goods towards Europe."[/size]
[size=45]The Director General of the General Company of Iraqi Ports added, “This matter clearly shows the importance of the two projects of the Grand Al-Faw Port and the development road that Iraq is implementing, as they have become an international requirement, even an urgent necessity, so that the navigation and maritime transport routes in the world are safe.”[/size]
[size=45]More commercial ships and oil tankers changed their course towards alternative shipping lines, to avoid passing through the Red Sea and the Bab al-Mandab Strait, in order to avoid the escalating security tensions off the coast of Yemen.[/size]
[size=45]The change in ship routes increased the costs of transportation and marine insurance, while delaying the arrival of goods to their destination. Iraq is not immune to these events, as its oil exports heading to the markets of Europe and the United States will be affected.[/size]
[size=45]On the other hand, the sea lanes crisis draws attention to Iraq, as its geographical location qualifies it to be a “transit” area for transporting goods from Europe through Turkish ports, and from there to Iraq all the way to the Gulf and the East Asia region, and vice versa for Asian goods towards Europe.[/size]
[size=45]The port company was quick to announce its readiness to receive the increasing number of containers transported by international companies, whose ships were stuck in the Red Sea, stressing that Iraq is currently considered one of the easiest and safest transport routes.[/size]
[size=45]In addition, the Al-Faw Grand Port and Development Road projects have become an international need for safe sea and land transportation lines in the world.[/size]
[size=45]It is noteworthy that the French International Maritime Line Company (CMA) recently took a decision similar to the decision of (Maersk Line) to stop commercial ships on the sea line that pass through the Red Sea, as this generated a significant increase in the transport of goods through alternative methods, namely land or sea.[/size][/size]
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