Mitsubishi Corporation Awarded Contract for Port Rehabilitation in Iraq

Mitsubishi Corporation has been awarded a contract for port construction in the Republic of Iraq. Extended by the General Company for Ports of Iraq (GCPI), the contract covers a port rehabilitation project in the country’s southern region of Basra, and is valued at approximately 110 million US dollars. The project is being funded through ODA loans provided by the Japan International Cooperation Agency (JICA).

 

The project will be executed through a partnership between MC and multiple international contractors, including Turkey-based energy infrastructure provider Calik Enerji (CE), in which MC holds shares^(*), and construction firm Gap Insaat, also Turkey-based. Both part of the Calik Holding group, these two sister companies will play a major role in executing construction while MC will be responsible for overall project coordination and serve as the prime contractor, facilitating the import of steel structures and other necessary supplies from Japan.

 

The objective of this project is to modernize existing industrial port facilities around Basra by (i) expanding the oil products berth at Khor Al-Zubair Port, and (ii) building a new service berth for working ships and service boats at Umm Qasr Port.

 

The rehabilitation of ports throughout Iraq is essential to meeting increasing demands for port infrastructure, which is growing rapidly as the volumes of trade flowing in and out of the country grows. Rehabilitating this critical infrastructure will also contribute to further stabilizing the country’s economy as post-war reconstruction advances. This project is particularly noteworthy given that Khor Al-Zubair and Umm Qasr are the only ports currently in operation in the Basra region, where a system of ports located in the 48 kilometer wide tip of the country wedged in between Iran and Kuwait along the Persian Gulf gives Iraq its only outlet to the sea.

 

In addition to this project, MC intends to continue leveraging provisions under the Japanese Government policy framework for promoting export of “high-quality infrastructure” to identify opportunities that support Iraq’s efforts towards reconstruction, economic development, and increased quality of life.

 

 

 

(1) Head Office: Basra, Republic of Iraq

(2) Established: 1919

(3) Main Business Activities: Port operations

(4) Representative: Aziz Hashim, Director General

 

(1) Head Office:  3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo 100-8086, Japan

(2) Established: 1954

(3) Main Business Activities:

MC is a global integrated business enterprise that develops and operates business across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC’s current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods.

(4) Representative: Takehiko Kakiuchi, President and CEO

 

(1) Head Office: Istanbul, Turkey

(2) Established: 1981

(3) Main Business Activities:

Energy related infrastructure business, textile industry, banking, construction industry, mining business, communication business, etc. in Turkey and its neighboring countries.

(4) Representative: Ahmet Calik, Chairman & CEO

 

(1) Head Office: Istanbul, Turkey

(2) Established: 1998

(3) Main Business Activities:

Engages in plant EPC related projects mainly in countries of the CIS, the Middle East and Africa as well as in energy-related infrastructure and utility businesses in Turkey, Kosovo and other countries.

(4) Representative: Ridvan Aktürk, CEO

 

(1) Head Office: Istanbul, Turkey

(2) Established: 1996

(3) Main Business Activities:

Construction and Real Estate Development in Turkey, CIS, Middle East and Africa.

(4) Representative: Korhan Ozbaysal, General Manager