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A ministry release indicated that the project would represent a landmark that would change the course of the Iraqi economy. The US$5.4 billion Al Faw Big Port is being designed by an Italian company, which will work in conjunction with the Iraqi ministry of transport.
“This port is a strategic project that will bring about this change,” said the release, according to the Aswat al-Iraq news agency.
“The strategic position of Iraq will make it the short-cut route to transport goods between the northern and southern parts of the world,” it added.
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