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The new city is part of the broader Development Road initiative Iraq’s Ministry of Industry and Minerals announced on Monday the launch of major industrial city in Al-Faw in southern Iraq as part of the Development Road mega project. Development Road involves the construction of a multi-modal transport corridor stretching from the Faw Port to the Northern border with Turkey at an estimated cost of $17 billion. Riyadh Jassim, Deputy Head of the Industrial Cities Authority told the state-run Alsabaah newspaper that Development Road includes a network of industrial cities from Al-Faw to the Turkish border. The proposed Al-Faw industrial city is expected to host petrochemical plants, power and water desalination plants, Liquefied Petroleum Gas (LPG) plants as well as mixed-use real estate projects, the official said No timeline for project completion or investment figures were disclosed. |
