AD Ports and Iraq’s IDB sign ports and logistics agreement – The National

AD Ports and Iraq’s IDB sign ports and logistics agreement – The National

AD Ports Group has signed a preliminary agreement with Iraq’s International Development Bank to review opportunities for the development of ports and logistics projects in Opec’s second-largest oil producing nation.

As part of the agreement, IDB aims to provide its services to corporate clients and support a range of landmark infrastructure projects in both the countries, AD Ports Group said on Wednesday.

IDB is the only financial institution from Iraq to be licensed by the UAE Central Bank to provide wholesale corporate banking services.