📋 Tender Overview
Project Number
50216
Company Name
ALOREEN INVESTMENT
Date SPI Disclosed
May 20, 2025
Country
Iraq
Region
Middle East
Projected Board Date
Jun 6, 2025
Environmental Category
B
Status
Pending Approval
Last Updated Date
Department
Regional Industry INF MCT
Industry
Infrastructure
Sector
Port and Harbor Operations
Project Description
Aloreen Company for Investments ( Aloreen or the Company ) has been operating under the commercial name of Basra Multipurpose Terminal, a multipurpose terminal ( Terminal 1 ) at the Umm Qasr port (the Port ) in Iraq. Terminal 1 has been operational since March 2016 under a 25-year concession agreement with the General Council for the Ports of Iraq. In 2021, IFC extended a debt financing package to develop a new terminal exclusively dedicated to containers ( Terminal 2 ), the original project. Due to higher-than-expected volume growth, the Company is now seeking to increase the overall capacity of Terminal 2 through the procurement of new specialized port equipment and associated civil works (the Project ).
