CBI ANNOUNCED THE IQD RV!!!! @DINARREVALUATION

EXPERTS: FAW PORT IS IRAQ’S GATEWAY TO A GLOBAL ECONOMIC FUTURE , 21 NOV

 EXPERTS: FAW PORT IS IRAQ’S GATEWAY TO A GLOBAL ECONOMIC FUTURE

Economic circles agreed on the importance of opening five berths within the Grand Faw Port project, and considered it the first step towards correcting the paths of the Iraqi economy, as the project represents the first step in an ambitious policy to create major infrastructure in the country, serving all sectors without exception, and is an acceptable approach to diversifying the Iraqi economy and providing opportunities for a wide segment. It is hoped that the project will be completed in its three phases in 2028 with a total capacity of 91 million tons annually.

Prime Minister Mohammed Shia al-Sudani, who sponsored the ceremony of receiving the five berths of the Faw Port from the Korean implementing company, described it as “the people’s project,” and that it “gains great importance due to its connection to the development road project, which will link, starting from the Grand Faw Port, the economies of most countries in the region, and will be an outlet for achieving economic integration,” noting that Iraq remains a fundamental pillar in the global economy, and a historical part and passageway of the most important international exchange routes.

THE FIVE PLATFORMS

Al-Sudani pointed out the importance of the five docks in the Grand Faw Port, as they represent the backbone of the port project in its first phase, which will be completed next year according to the previous timetables. Huge commercial ships with large drafts have already docked on the port docks.

REAL TRANSFORMATION

Chairman of the Federation of Chambers of Commerce, Abdul Razzaq Al-Zuhairi, described the opening of the five berths in the Grand Faw Port as a real transformation in the paths of national and global trade.

He said: Today we are facing a launch to serve the national economy, as we have actually begun to revive the Iraqi infrastructure in the ports sector, as this step represents an advancement to the global level of services provided to the national economy.

THE BIGGEST PROJECT

Al-Zuhairi added that the port’s capacity for all its phases exceeds 90 million tons annually, a number that reflects the extent of the work required in this project in particular. When the larger project, the development road and its facilities and the Grand Faw Port, are completed, there will be a need for millions of specialists, and here everyone can imagine the reality of the performance required in such locations.

He pointed out that the country is facing a new phase and new institutions, which are being created with the development of work in this site, which has become global, as it has become the focus of attention of the world’s major economies in the East and West of the world.

STARTING POINT

Economic expert Mitham Al-Bolani confirmed that the starting point of the development path is the port of Faw, which has become a reality in economic life and the first real infrastructure for developing the national economy and has a positive impact on the global economy, especially since the development path is being implemented in an Iraqi-Turkish-Emirati-Qatari partnership, and that the Turkish side, in its first steps, concluded a quadripartite agreement with Hungary, Serbia and Bulgaria with the aim of delivering goods to the farthest parts of the world.

He stressed that the port of Faw represents an important starting point for global trade in various directions, and thus this port has great economic feasibility, especially with the existence of the development road, as the port and the road complement each other, pointing out that Iraq will be a fertile and mature investment destination for manufacturing industries at the present time at the very least and strategically in the future.

GEOGRAPHICAL AREA

It is noteworthy that the member of the Parliamentary Finance Committee, Mustafa Al-Karawi, said in a statement to the Iraqi News Agency (INA): The opening of the five docks and the completion of the investment in the Faw Port will contribute to supporting the development path, in addition to the fact that it will be part of the Silk Road, indicating that Iraq is located in a geographical area that makes it a link between the major countries, China and Europe.

GLOBAL TRADE

Development Consultant Amer Al-Jawahri said: The Grand Faw Port is the first real step that facilitates the reality of global trade and connects the West of the world to its East by the shortest and least time-consuming routes. It will also enhance the volume of international trade for Iraq with the countries of East Asia, where there is a large volume of trade and achieves fluidity in this aspect.

He pointed out that completing all stages of the Grand Faw Port, as a starting point for the development path, will enhance the reality of the Iraqi economy, and Iraq will be a real attraction point with great and sustainable benefit for Iraq.

EXECUTIVE BODY

He pointed out that Iraq, through this port, will be of new benefit to European countries and the West in general, and they will develop tendencies to invest in Iraq and its regions close to this project.

Al-Jawahiri recommended establishing the executive body for the development road project, of which the Faw Port is an important part, complementary to the new road and railway projects and other projects in more than one economic joint, which is considered a necessity for this project.

MAKE AGREEMENTS

He pointed out the importance of concluding agreements with several countries that have a direct impact on the process of managing the integrated project, starting with the port and the development path with all its institutions.

He stressed the necessity of forming the Faw Economic Zone Authority, which will handle the issues of economic and industrial cities and the technological city, all the way to the tourist city, which is an important part of the region and of great benefit. Here, we stress the necessity of forming institutions and the authority with legislation, so that it will transcend the successive governments that have managed the country.

" I BELIEVE THIS IS THE LAST STEP BEFORE IRAQ PULLS THE TRIGGER" BY CLARE & MARKZ, 21 NOV

 Clare 

 Article:  "Iraqi Prime Minister: Tomorrow we will take an important step that has been delayed for years"  

Quote:  "IraqiPrime Minister Mohammed Shia al-Sudani confirmed that tomorrow, Wednesday, will be an important civilized and developmental step, as the long-awaited general population and housing census will begin after years of delay."

MarkZ 

  [via PDK] 

  “Iraq Prime Minister: Tomorrow we will take an important step that has been delayed for years”  there has been one heck of a fight to stop this census.

  But an accurate census is extremely important.  

And they are making it happen so they can pass the HCL. I believe this is the last step before Iraq pulls the trigger.

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

IRAQ SELECTS 11 COMPANIES TO COMPETE FOR FAW GRAND PORT OPERATION CONTRACT WITH MNT GOAT COMMENTS, 21 NOV

 IRAQ SELECTS 11 COMPANIES TO COMPETE FOR FAW GRAND PORT OPERATION CONTRACT

Shafaq News / The Director General of the General Company for Iraqi Ports, Farhan Al-Fartousi, revealed today, Tuesday, that a shortlist of 11 shipping companies has been drawn up to compete for the contract to operate the Grand Faw Port.

A decision on the winners is expected in January 2025, Reuters reported.

The shortlist includes prominent companies such as China Merchants Port Group, Taiwanese container shipping company Evergreen, French container and freight company CMA-CGM, Mediterranean Shipping Company (MSC), India’s Adani, International Container Terminal Services (based in the Philippines), China’s COSCO, and the UAE’s Global Shipping, Al-Fartousi said.

The port is one of the most prominent economic projects that will contribute to supporting the Iraqi economy, as it is expected to provide 150,000 job opportunities.

Last Saturday, November 8, the five berths of the first phase of the project were delivered, with 100% of them completed. These berths are part of the wider project that also includes the navigation channel, the container yard, and the submerged tunnel.

Iraqi Prime Minister Mohammed Shia al-Sudani described the port as a project of the “Iraqi people,” while the Minister of Transport stressed the importance of the port as a pillar of economic growth in Iraq and the region.

The project is expected to generate huge revenues and enhance economic diversification away from oil dependence. The port is also expected to contribute to enhancing trade between Iraq, Asia and Europe, and reflects an important transformation in Iraqi infrastructure.

The project is receiving international attention, as delegations from Turkey and other countries have visited it to see its developments. The first phase of the port is expected to open at the end of 2025, with five of the 99 berths set to begin operation.

TIDBIT FROM FRANK26, 21 NOV

 Frank26  

 Banks now know...That's why they're not saying it's a scam anymore.  Instead they tell you if they can help you or not because like I told you, not every bank in America is going to be exchanging...

When I said they're going to bring a Brinks truck to you, of course not.  But take away from the concept and replace it with, they're going to bring security to you and they will bring their police officers, their security, their protection, their guns, their locks, their banks, their safes...

NDA IN CURRENCY EXCHANGE