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Two firms in for development of Iraqi port

Two firms in for development of Iraqi port

   The Iraqi Transport Ministry said over the weekend that it has signed contracts with French firm CMA CGM and a joint German-Kuwaiti company to invest in two commercial wharfs in the port at Umm Qasr, according to a report Sunday in the Middle East business news outlet Zawya.

   The contracts call for the construction of new docks and container-handling facilities, according to a statement from the ministry.

   Umm Qasr is located in southern Iraq on a canal that leads to the Persian Gulf.