Iraq to sign $2.625 bln Faw port contract with S.Korea’s Daewoo

Reuters
Daewoo E&C has been a leader in the construction industry in South Korea since its establishment in 1973. (Daewoo E&C website)
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  • Iraq and South Korea agreed to build the first phase at its planned Faw commodities port in the south of the country

BASRA: Iraq’s government has agreed to sign a $2.625 billion contract with South Korea’s Daewoo Engineering & Construction (047040.KS) to build the first phase at its planned Faw commodities port in the south of the country, a senior port manager said on Wednesday.

Topics: Iraq South Korea