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Iraq Procurement News Notice - 99194


Procurement News Notice

PNN 99194
Work Detail Iraqs ports have recorded strong financial performance in the first quarter of 2025, generating total revenues exceeding 314 billion Iraqi dinars [$240 million], according to Dr Eng. Farhan Al-Fartousi, Director General of the General Company for Ports of Iraq (GCPI). Monthly revenues were as follows: January: 109.27 billion dinars February: 98.74 billion dinars March: 106.33 billion dinars The figures encompass revenues from North and South Umm Qasr Ports, Khor Al-Zubair, Abu Flous, and offshore oil terminals. Al-Fartousi noted that these numbers reflect the success of operational and logistical upgrades, including enhanced cargo handling, expanded infrastructure, and modern digital systems designed to streamline clearance processes and reduce delays. Looking ahead, the GCPI plans to modernise port berths, expand storage yards, and further integrate advanced technology to meet the growing demand for import-export services.
Country Iraq , Western Asia
Industry Shipping, Ports & Waterways
Entry Date 22 May 2025
Source https://www.iraq-businessnews.com/2025/05/21/iraqs-ports-generate-240m-in-q1-2025/

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