Umm Qasr Terminal 2
Sector: Commercial • Location: Al-Basrah, Iraq
Source: World Bank Group
The Umm Qasr Port (UQP or the Port) is located approximately 70 km south of Basra, Iraq, and is considered Iraq’s main port handling most of the container traffic and serving a large portion of the Iraqi population. Aloreen Company for Investments (Aloreen or the Company) has been operating since 2016, under a 25-year concession agreement from the General Council for the Ports of Iraq (GCPI), with
- Status
- Prospective
- Sector
- Commercial, Seaport, Manufacturing (Industrial), Water Supply and Storage, Government
- Location
- Al-Basrah, Iraq
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Umm Qasr Port (UQP or the Port) is located approximately 70 km south of Basra, Iraq, and is considered Iraq’s main port handling most of the container traffic and serving a large portion of the Iraqi population. Aloreen Company for Investments (Aloreen or the Company) has been operating since 2016, under a 25-year concession agreement from the General Council for the Ports of Iraq (GCPI), with the commercial name of Basra Multipurpose Terminal (“BMT”), a multipurpose terminal (“Terminal 1”) at UQP. The Company is now seeking to increase its overall capacity by developing a new terminal exclusively dedicated to containers (Terminal 2 or the Project). IFC will provide up to $ 45 million in senior debt financing to the Company from IFC’s own account and help mobilize additional financing from other lenders. Another $ 80 million as debt will be provided by JICA. https://disclosures.ifc.org/project-detail/ESRS/40784/umm-qasr |
Original sector | Transport |
Procurement method | |
Budget |
Location
Country | Iraq |
State | Al-Basrah |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Seaport, Manufacturing (Industrial), Water Supply and Storage, Government |
Article published date | 2024-05-24 |
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