Korean company Daewoo Engineering and Construction (E&C) have announced a contract win for the construction of a container terminal in Iraq's southern city of Basra.
The contract covers the phase 1 construction of the Al Faw Container Terminal, which will involve the building of a 4.5 kilometer-long temporary dike as part of the overall Al Faw New Port project in Basra.
Commenting on the deal, a Daewoo E&C official said "The project is a follow-up to the West Breakwater project in Al Faw, which is being built by Daewoo E&C for completion in June 2019,” . “Our successful implementation of the current project earned us strong trust from the client, who decided to award the new project to Daewoo E&C without holding an open bidding process."
Source: Business Korea