Iraq’s General Company for Ports announced that the
Mobility infrastructure development is nearing its final economic model stage. The initiative aims to boost investment and stimulate nationwide economic growth. Officials emphasized that around 60 targeted opportunities are now ready for investor discussions. Furthermore, the project aligns with the government’s strategy to attract foreign and domestic capital.
Farhan Al-Fartousi, Director General of the General Company for Ports, confirmed the progress follows the recent “Al-Faw is Iraq’s Gateway to Investment” summit. The event, held at Grand Faw Port on October 7, highlighted strategic planning. Al-Fartousi stated that Oliver Wyman is finalizing the economic model under the Prime Minister’s guidance. Moreover, the summit showcased a strong shift toward attracting diverse investment. This approach ensures both private and public sectors can engage actively.
He added that the project includes opportunities across eight sectors, including transportation, energy, oil and gas, and minerals/phosphates. Al-Fartousi highlighted that roughly 60 investment options are now being promoted internationally. Consequently, investors have clear directions for discussions and negotiations. The government plans to actively market these opportunities through forums and roadshows. This strategy aims to maximize participation and capital inflow.
The Development Road stretches 1,200 kilometers from Grand Faw Port to the Iraqi-Turkish border. Al-Fartousi emphasized that it is more than a highway; it forms a multi-sector economic belt. He added that domestic and international forums will continue to attract investors. Analysts noted that this infrastructure project can improve trade, logistics, and regional connectivity. As a result, Iraq’s competitiveness could increase significantly in multiple sectors.
Looking ahead, the General Company for Ports will finalize the economic model within weeks. Officials plan to host additional forums to attract multinational and local investors. They stressed that successful implementation could set a precedent for future projects. The transportation development plan may strengthen Iraq’s export capacity via the Grand Faw Port.
Overall, the initiative promises integrated economic growth and long-term employment opportunities. By combining infrastructure development with sector-specific investment, the project aims to create sustainable benefits. Additionally, ongoing promotion and investor engagement will be key to its success. Experts view the project as a model for future integrated economic initiatives. This ambitious plan positions Iraq for expanded trade, stronger connectivity, and increased regional influence.
