Korean-Iraqi assurances about the work of "Daewoo" in the port of Faw

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[size=52]Korean-Iraqi assurances about the work of "Daewoo" in the port of Faw[/size]

[size=45]The South Korean newspaper "Korea Times" reported, on Thursday, that the "Daewoo" Construction Company is seeking to transform Iraq into a regional center through the Al-Faw port project, according to what the company announced on the occasion of the visit of the Iraqi Minister of Transport Nasser Al-Shibli to the capital, Seoul.[/size]
[size=45]The newspaper said in a news release that Daewoo said in a statement that its CEO, Baek Jong-Wan, met the Iraqi minister to explain the current construction situation of the Faw port in Iraq, and promised him to complete the project successfully.[/size]
[size=45]The Korean newspaper pointed out that the five-day visit of Minister Al-Shibli, accompanied by the Director-General of the General Company for Iraqi Ports, Farhan Al-Fartousi, to South Korea came in response to an invitation he received from the Korean Minister of Oceans and Fisheries, Moon Seung-hyuk.[/size]
[size=45]The newspaper quoted Al-Shibli as saying that he thanks Daewoo for its leadership in the construction of the infrastructure of the Iraqi port “in light of the difficult situation in the country,” adding that during his current visit to South Korea, he was briefed on technical aspects related to the company’s work and the Ministry of Oceans and the skills they have About the establishment and management of a Korean-style port.[/size]
[size=45]Al-Shibli added that he "expects Daewoo to play the role of providing comprehensive solutions."[/size]
[size=45]According to the Korean newspaper, the Iraqi government has a plan to invest 53 trillion won to develop the Faw port in Basra, and turn it into one of the 12 largest ports in the world by 2041.[/size]
[size=45]The newspaper reported that Daewoo won a total of nine construction projects worth about $3.78 billion within the FAO development project, which began in 2014, with the construction of breakwaters.[/size]
[size=45]The newspaper added that the Iraqi government is also seeking cooperation from the Korean government, in order to see, for example, the technical expertise in managing the Busan port, which is a major export center in South Korea, adding that Daewoo hopes in return to lead the cooperation at the governmental level between The two countries, and providing future job opportunities by gaining experience in operating a foreign port in Iraq.[/size]
[size=45]The report concluded with statements by a Daewoo official saying that "the visit of senior Iraqi officials to Korea will contribute to consolidating trust and the relationship between the Iraqi government and Daewoo, and we will actively participate in the future in infrastructure projects in Iraq.[/size]
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