GCPI signs agreement with AD Ports Group
A man prays aboard a maintenance vessel at the port of Umm Qasr, south of Iraq’s southern city of Basra. Photo: AFP
Baghdad (IraqiNews.com) – The Iraqi Minister of Transport, Razzaq Al-Saadawi, announced on Wednesday that the General Company for Ports of Iraq (GCPI) signed a memorandum of understanding with Abu Dhabi Ports Group.
A statement issued by the Iraqi Transport Ministry said that Al-Saadawi received the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, to discuss joint work and strategies to enhance collaboration in the transportation industry.
The statement clarified that the two parties talked about how Iraq and the UAE might improve their economic ties and share expertise in the transportation sector.
Noting that the Development Road project intends to connect the East with the West, Al-Saadawi added that Iraq is seeking to develop its economic capacity through massive initiatives in the marine transport and shipping sectors.
The Iraqi Transport Minister illustrated that the Development Road project is one of the country’s most important logistical and economic initiatives, requiring appropriate capabilities and competencies.
The goal of the memorandum of understanding is to give the Iraqi transportation sector the expertise it needs to oversee projects using the most up-to-date project management techniques available.
Al Zeyoudi indicated that his visit aims to fortify the UAE’s economic connections with Iraq and increase trade volume between the two countries by exploring joint venture options that achieve common interests.