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Iraq signs $690m barrier contract with S.Korea’s Daewoo

Iraq said on Tuesday it had signed a 511 million euro ($690 million) contract with South Korea's Daewoo to build a sea barrier at its planned Grand Faw port in the south of the country. Under the contract, Daewoo will build the barrier, known as a "breakwater" within 30 months, Iraq's Transport Ministry said in […]

Raheem Salman reports for Reuters:

Iraq said on Tuesday it had signed a 511 million euro ($690 million) contract with South Korea's Daewoo to build a sea barrier at its planned Grand Faw port in the south of the country.

Under the contract, Daewoo will build the barrier, known as a "breakwater" within 30 months, Iraq's Transport Ministry said in a statement on its website.