Money and business in the Middle East.

Ports

Grand Faw Port

Iraq · Under construction

Deep-water container port at Al-Faw on Iraq's Gulf coast, intended as the southern terminus of the Development Road corridor; its first phase, built by Daewoo E&C, comprises five berths, a container yard and a dredged navigation channel, with a stated first-phase capacity of three million containers. As of September 2026 the five berths are complete, the submerged tunnel is 98% complete and the exchange yard 90%, and the port is entering a trial phase but is not yet in full commercial operation.

en.alfawport.gov.iq ↗

Owner
General Company for Ports of Iraq (Ministry of Transport)
Main contractor
Daewoo Engineering & Construction
Location
Al-Faw, Basra Governorate
Expected
Trial phase from late 2026; no commercial start date
Status checked
27 Sept 2026

Verified · updated 28 Sept 2026

Key facts

$5 bn

Announced project value

AGBI· Tier 2 · reputable press·Phase 1, reported Mar 2025·17 Mar 2025·About this indicator

$2.6 bn

Largest awarded contract

Reuters· Tier 2 · reputable press·Awarded Dec 2020·23 Dec 2020·About this indicator

Major projects · Iraq

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Sources

  1. AGBI · agbi.com · Tier 2 · reputable press
  2. Reuters · english.alarabiya.net · Tier 2 · reputable press