Investment Conf. on Fao Terminal next Wednesday

Sunday, July 24, 2016 5:49

Baghdad/ Iraq TradeLink:

Iraqi Acting Transport Minister Abdul Hussein Abtan announced that a "great investment conference" shall be held in Basra province.

The conference will be attended by 13 foreign companies to discuss the investments of Iraqi Fao Terminal's piers.

The ministry expects that this project will put Iraq the first in ports industry in the region.

The minister added that "if agreement is reached the contracts shall be signed immediately".

It is expected that the costs of Fao Terminal will reach to 4.4 billion Euros, which shall be followed by an international railway network that will connect Iraq with Europe, via Turkey.