Iraq has agreed with a well-known Dutch company to construct a shipyard to build vessels within post-war development plans, the official Alsabah daily said on Sunday,
The General Company for Ports of Iraq, a subsidiary of the Transport Ministry, has reached agreement with Damen Group to build a “shipbuilding and maintenance city” in Umm Qasr port in the Southern Basra Governorate, the paper said, quoting the Company’s General Manager Farhan Al-Fartousi.
“We have drawn up plans to invest in ports and shipbuilding…we have agreed with Damen Group to cooperate in setting up such projects, mainly a shipbuilding city and quays in Umm Qasr Port,” he said.
Fartousi did not make clear if Iraq has signed a contract with Damen and whether the project would be a joint venture.
(Writing by Nadim Kawach; Editing by Anoop Menon)
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