The management of the project of the port of Faw said on Monday that work is nearing its end in the breakwater of the West after the completion of the breakwater of the eastern waves, and confirmed that many foreign companies have expressed their desire to build the port in the form of investment. 

The project manager, Engineer Asaad Abdul Rahim Al-Rashed said in an interview with Alsumaria News, "The breakwater of the eastern waves was completed by the Greek company (Arcoridon), while the percentage of completion of the breaker of the western waves 95% by the company ( Daewoo ) South Korea, Fully completed by the middle of next year, "noting that" the government is unable to provide financial allocations to complete the construction of the port, and therefore can not be recourse to the private sector to establish the port in the form of investment. "


Al-Rashed pointed out that "four coalitions have expressed interest and desire to formally build and operate the port, one of which is an incomplete coalition led by the Swiss company Comundo. The second coalition includes the Chinese company CCC and the Dutch company Boscals. The third consortium consists of Chinese companies CSC, (Daio) South Korean company (DI) and the company (Hanna Sheikh), "explaining that" the fourth coalition was excluded for obtaining a weak assessment, which includes the company (Arcordion) Greek, which carried out the project of the establishment of the breakwater in the eastern port. 

Al-Rashed stressed that "recommendations were submitted to the Council of Ministers to enter into direct negotiations in one of the three coalitions, and in the absence of an agreement is negotiated with another coalition, including," adding that "

The Director of the project of the port of Faw said that "the project receives great attention by the Prime Minister and the Ministry of Transport and the General Ports Company because it involves great economic importance, and if the port of Umm Qasrachieve annual revenues ranging between 250 to 300 million dollars, To achieve revenues exceeding the revenues of the port of Umm Qasr twenty times, not to mention the large work movement that will create, "stressing that" the port branch of the many investment projects that have been allocated space near it, the most prominent of which is the establishment of air cargo airport, refinery for oil products, And a petrochemical plant , A residential area of about 500 thousand people called (new FAO). "

In 2010, the Ministry of Transport laid the foundation stone for the port of Faw, which, according to its basic designs, was designed by an Italian consulting firm. It includes 46 berths, including a container yard and a multi-purpose yard. The maximum capacity of the port is expected to be 99 million tons per year when all planned phases are completed.