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...
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