Daewoo scoops $2.6 billion port deal in Iraq

The South Korean giant won a deal from from state-controlled player General Company for Ports of Iraq (GCPI) to build port facilities in the country

Port plan: Iraq's director general at the General Company for Ports, Farhan al-Fartousi, signs a contract with South Korea's Daewoo Engineering & Construction, to construct the Grand Faw port
Port plan: Iraq's director general at the General Company for Ports, Farhan al-Fartousi, signs a contract with South Korea's Daewoo Engineering & Construction, to construct the Grand Faw portPhoto: REUTERS/SCANPIX
Published 4 January 2021, 07:20Updated 4 January 2021, 07:20