Jask Port News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In recent years, Iraq has become one of the leading destinations for Chinese investments in the Middle East and a crucial link in Beijing's Belt and Road Initiative. To capitalize on its geostrategic location and central position within the Chinese BRI, Iraq is seeking to develop a sprawling new 54-square-kilometer port project, known as al-Faw Grand Port, which will reduce the country’s reliance on Arab Gulf ports and overland transit from Iran and Turkey. The project also underscores Iraq’s growing economic rivalry with neighboring Iran, as both countries seek to carve out a similar niche in handling regional transit traffic.

Sistan va baluchestanAl basrahUnited statesAli hosseiniShakir al zamiliBaghdad investment commissionFaw international conferenceIraqi ministry of oilChina national chemical engineering coLogistics commission of the iran chamberMiddle eastRoad initiativeFaw grand portArab gulfIraqi ministryChina national chemical engineering