Grand Opening Ceremony Marks Completion of First Phase of Multi-Million Dollar Modernization Project for Historic Iraqi Port of Al Maqal in the City of Basra
BASRA, Iraq - Tuesday, October 29th 2013 [ME NewsWire]
(BUSINESS WIRE) NAWAH Port Management (NPM), a business unit of North America Western Asia Holdings (NAWAH), in partnership with the General Company for Ports of Iraq, today launched a state-of-the-art containerized terminal at Al Maqal Port, also known as the Port of Basra.
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. 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,” said 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.”
Equipped with brand new 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.
"Offering container cargo handling less than 50 miles from three of the largest oil fields in Iraq is a strategic differentiator that NAWAH Port Management brings to bear,” said 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.
About NAWAH
North America Western Asia Holdings is focused on high-return frontier market opportunities. The company is dedicated to the communities it invests in through its strategic, long-term local partnerships, while maintaining rigorous Western standards of transparency and accountability. More information about NAWAH can be found at www.nawah.com.
Contacts
North America Western Asia Holdings
Eric E. Clark, Senior Vice President
+1-571-419-4219 (U.S.)
+964.781.333.4474 (Iraq)
eric.clark@nawah.com
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