Iraq will be awarding new management contracts in August for two major ports, Az-Zubavr and Umm Qasr, in its effort to create world class sea ports. The major upgrade is necessary in order for Iraq to allow the flow of goods into the country.
The contract will be for five years, during which time the ports will be modernized. Capacity will be developed for the efficient flow of commercial, military and civilian goods required for the rebuilding of Iraq.
Several international port operators has proffered bids and the final bid selection will be in August.
When completed both ports will be able to handle the influx of goods and materials Iraq will need for many years in the future as it brings its economy on to the world stage.