• News
  • Business
  • Education
  • Technology
  • Health
  • Travel
Khaleej Mag
  • News
  • Business
  • Education
  • Sports
  • More
    • Health
    • Entrepreneurship
    • Islam
    • Technology
    • Travel
    • Contact Us
  • Facebook

  • Twitter

  • Instagram

  • LinkedIn

  • RSS

Business

Iraq Advances Key Infrastructure Projects with Port Completion and $600 Million Airport Redevelopment Tender

Iraq Advances Key Infrastructure Projects with Port Completion and $600 Million Airport Redevelopment Tender
Web Reporter
July 9, 2025

Iraq is making major strides in transforming its transportation infrastructure with the near completion of the Grand Faw Port and the launch of a $600 million tender to redevelop Baghdad International Airport through a public-private partnership.

In a statement issued this week, the Ministry of Transport confirmed that the Grand Faw Port, a cornerstone of Iraq’s economic diversification strategy, has reached significant construction milestones. The project supports Iraq Vision 2030, which aims to reduce the nation’s reliance on oil by strengthening non-oil sectors such as logistics, trade, and tourism.

Farhan Al-Fartousi, Director General of the General Company for Ports of Iraq, reported that dredging on the port’s navigation channel is now 92% complete, and the container yard has reached 94% completion. The 63-kilometre access road linking the port to Iraq’s national highway network is also finished.

Progress continues on the submerged tunnel, a key element of the port’s logistics infrastructure. Of the 10 planned tunnel segments—stretching 2,444 meters, including 1,226 meters underwater—the third segment has been completed, and preparations for installing the fourth are underway.

Operational plans for the port are being finalized and will soon be submitted to the Cabinet. Once approved, 11 leading international port operators are expected to compete for the management contract of Container Terminal No. 1, which will adhere to international standards and be operated by a world-class firm.

In a parallel development, the Ministry of Transport has launched a public-private partnership initiative to modernize Baghdad International Airport. The project, supporte

Comments

Related ItemsBusiness
Business
July 9, 2025
Web Reporter

Related ItemsBusiness

More in Business

Saudi Arabia Raises $1.42 Billion Through July Sukuk Issuance

Web ReporterJuly 22, 2026
Read More

Saudi Cabinet Approves Unified GCC Rules for Jointly Owned Properties

Web ReporterJuly 22, 2026
Read More

Saudi Arabia’s major banks report stronger first-half profits on lending growth

Web ReporterJuly 21, 2026
Read More

Saudi Real Estate Prices Rise 1.3% in Second Quarter as Residential and Agricultural Markets Gain

Web ReporterJuly 20, 2026
Read More

Oil Prices Retreat After Iran Signals Openness to US Talks Despite Middle East Tensions

Web ReporterJuly 20, 2026
Read More

Saudi POS Spending Falls to SR14.2 Billion as Consumer Transactions Ease Across All Sectors

Web ReporterJuly 17, 2026
Read More

Oil Prices Rise as US-Iran Conflict Escalates and Strait of Hormuz Disruptions Deepen

Web ReporterJuly 15, 2026
Read More

Oman’s Inflation Rises to 2.8% in June as Food and Transport Costs Increase

Web ReporterJuly 14, 2026
Read More

Oil Prices Climb to Four-Week High as US-Iran Tensions Raise Supply Concerns

Web ReporterJuly 14, 2026
Read More
Scroll for more
Tap
  • Recent
  • Popular
  • Tags

Khaleej Mag
Khaleej Mag is your premier source for insightful stories, vibrant culture, and dynamic perspectives from across the Arabian Gulf region and the rest of the world. Explore the essence of Gulf life with captivating articles, stunning visuals, and exclusive features. Stay informed, inspired, and connected with Khaleej Mag. Contact us at editor@khaleejmag.com.

Follow Us

  • X
  • Facebook
  • LinkedIn
  • Instagram

Copyright © 2018 Khaleej Mag

Oil Prices Dip as Markets React to Tariff Uncertainty and OPEC+ Output Hike
Oil Prices Hold Steady as Markets Weigh Tariff Threats and Demand Trends