Iraq, IFC agree project to modernise Baghdad airport ...Kuwait

News by : (The New Arab) -
Iraq signed an agreement on Sunday with the World Bank's International Finance Corporation (IFC) to modernise Baghdad's international airport after years of neglect in the war-scarred country. Prime Minister Mohammed Shia Al-Sudani's government signed the agreement with the IFC, which pledged to "harness private sector capital and expertise" to upgrade Iraq's main airport. The IFC will present "a comprehensive investment portfolio for the expansion, financing, operation and maintenance of Baghdad International Airport", said a statement from the office of Sudani, who attended the signing ceremony. The project aims to "enhance its facilities, safety measures and overa

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