News
26 February 2026

IFC invests $120m to back expansion of Iraq’s Umm Qasr Port

In:
Social infrastructure, Transport
Region:
Middle East & Africa

IFC is investing in Aloreen to finance new port equipment and expand capacity at the port of Umm Qasr, one of Iraq’s main ports and its only deep-water gateway. IFC’s financing package totals up to $120 million from its own account and the Managed Co-Lending Portfolio Programme. The...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
27 April 2026

Lucky timing for ATOME’s green hydrogen fertiliser

Development banks have lined up behind ATOME’s Villeta green hydrogen fertiliser plant in Paraguay. Global supply chain disruptions have given the deal momentum, but the...

Perspective
11 May 2026

Creative offtakes to drive Europe's BESS boom

A combination of cheaper input costs, a benevolent policy environment and plentiful equity is driving a surge in battery storage financings in Europe. But sponsors have had to...