Iraqi Port of Basra Container Terminal Opens
NAWAH Port Management (NPM), a business unit of North America Western Asia Holdings (NAWAH), in partnership with the General Company for Ports of Iraq, has launched the first phase of a containerized terminal at Al Maqal Port, also known as the Port of Basra. The opening ceremony marked the completion of an essential yearlong phase for NAWAH and the modernization project for Al Maqal, culminating in the initiation of commercial operations at the newly containerized Berth 14. This…
American Company to Modernize Historic Iraq Port
North America Western Asia Holdings (NAWAH) agrees to modernize Maqal Port, located in Basra’s urban center on the Shatt al Arab waterway. The formal agreement is between Iraq’s Ministry of Transportation, the General Company for the Ports of Iraq, and NAWAH. As part of the agreement, the American company will invest more than $14 million to bring both heavy-lift crane and container handling capabilities to the 93-year-old port. NAWAH will also build a modern container yard adjacent to the port’s berth 14. The company’s agreement with GCPI will extend 10 years. “The speed at which Iraq can rebuild and become prosperous is greatly dependent upon the capacity of its ports,” said Paul Brinkley, NAWAH’s president and CEO.
