Iraq inaugurates docks for major new Gulf port

Grand Faw Port on Al-Faw Peninsula is intended to provide a new freight link between Asia and Europe via upgraded rail and road infrastructure through Iraq and Turkey. Dubbed the Iraq Development Road, the mega project is expected to cost some $17 billion. The first phase of work on the new port, intended to supplement the existing docks in the port city of Al-Faw, is expected to be completed next year by South Korean construction giant Daewoo Engineering. Sudani said the new port would make...