Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Iraq inks USD14m port development deal with US consortium  Join our daily free Newsletter

MENAFN - 03/10/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) US North America Western Asia Holdings (NAWAH) announced that it inked a USD14 million contract to develop Iraq's Basra port, reported Arab News.

The company leads a consortium to invest in a new heavy-lift crane, container-handling capabilities, in addition to establishing a new container yard in one of the 14 berths in the Maqal Port on Shatt Al-Arab waterway.

The consortium will also dredge Shatt Al-Arab to 9 meters (yards) to make it a deep-water port, so that it could handle deep-water vessels.

Iraqi minister of transportation, Hadi Al-Amiri, stated that the main aim of developing Maqal Port is to enhance and expand the country's shipping and port capabilities.

It is worth noting that NAWAH's consortium comprises New Jersey-based Triton Container International Ltd., which is the world's largest owner-lessor of marine cargo containers, and the Chicago-based Marmon Crane Services, an international owner, operator and lessor of crane equipment that operates in 14 countries.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help