Nawah in key Iraq port upgradation
Baghdad, October 29, 2013
Nawah Port Management, a business unit of North America Western Asia Holdings, has announced the completion of the first phase of the multi-million dollar modernization project for the historic Iraqi port of Al Maqal in Basra.
A key investment firm focused on high-return frontier market opportunities, Nawah said the project was launched in partnership with the General Company for Ports of Iraq.
The opening ceremony marked the completion of an essential yearlong phase for Nawah and the modernization project for Al Maqal, culminating in the initiation of commercial operations at the newly containerized Berth 14.
This will serve as a 21st century maritime service for the Republic of Iraq to import and export cargo and promote the kind of infrastructure development that will accelerate Iraq’s economic growth, said a statement from Nawah.
Nawah Port Management (NPM)’s port in downtown Basra also allows customers to receive goods with reduced ground transportation time and associated costs as well as meeting the surging demand of a full spectrum of local and international customers in southern Iraq.
“Increasingly, customers - from local Basrawi merchants to international conglomerates - seek premium, tailored services to bring critical equipment, supplies and commercial goods into Iraq,” remarked Paul Brinkley, Nawah’s CEO.
“And as expectations on supply-chain consistency increase, Nawah’s logistics solutions stand ready to serve this dynamic market at the highest international standards,” he stated.
Equipped with brand new construction equipment such as the elite Liebherr 64-ton mobile harbor crane and reachstacker, NPM’s terminal operations at Al Maqal also feature new container and general cargo yards and reconstructed pier – all of which streamline operations and maximize capability, speed and efficiency.
NPM’s staff possesses decades of international port, shipping and logistics experience focused on offering customers world-class container movement and customs clearance solutions, said a senior official.
“Offering container cargo handling less than 50 miles from three of the largest oil fields in Iraq is a strategic differentiator that NPM brings to bear,” remarked Tom Pritzker, Nawah’s chairman and co-founder.
"As an efficient, consistent, and reliable container terminal operator, Nawah is making a long term commitment to Basra as it emerges as one of the fastest growing cities in the Gulf," he added.-TradeArabia News Service