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00:00 The smallest maritime outpost in the Arabian Gulf is considered the largest outpost in the region and the 10th largest in the world.
00:07 The project of the Fawj outpost in southern Iraq is close to completion after the completion of the construction of four outposts,
00:12 of the original five main outposts, and the development is being directed through international companies.
00:17 "We have completed this file and it will be presented to the President soon.
00:23 As for the reasons for our joining one of the international outposts, which is represented by Abu Dhabi,
00:31 or the Chinese outposts, or the Korean outposts, the purpose is to benefit from their experience in managing these outposts,
00:39 since we intend to make the Fawj outpost one of the largest international outposts for the transportation of containers and transit.
00:47 For this reason, we always seek the best, whether it is in management or in operation.
00:52 Because if the management is not successful, the operation will not be successful."
00:56 The outpost, which is carried out by South Korea's DIAO, is 12 km wide and over 19 m in diameter.
01:03 Inside the canal, it extends to 23 km.
01:07 As for the production capacity of the outpost, it reaches 45 million tons annually in the first stages.
01:13 "We have started implementing the construction of the outposts.
01:17 We will continue the construction of the outposts.
01:22 We have the link between the fifth floor and the containers area.
01:27 We have already started it and we are currently implementing it.
01:31 All the work will be completed by the end of October, so that we can officially receive it at the beginning of October."
01:40 The outpost, which is expected to be opened in 2026, is capable of expanding to a distance of more than 50 km.
01:47 It will be connected by a road to a distance of 1,200 km to the Turkish border.
01:52 It will pass through the Khurr Abdullah Canal overlooking the Arabian Gulf,
01:55 through a 2444 m deep tunnel to facilitate land transport.
02:01 "The Fawj outpost, when the five projects are completed,
02:04 will be connected by a road to a distance of 1,200 km to the Turkish border.
02:10 This will greatly improve the Iraqi economy.
02:13 The income of the people will be not only dependent on oil."
02:19 The Iraqi economy will spend approximately 5 billion dollars on the most important projects of the oil sector.
02:24 This will lead to the diversification of the sources of local support in total,
02:27 with about 4 billion dollars annually directly.
02:30 In addition to the export of commercial and industrial cities, which are competing for the road to development.
02:35 It is expected to contribute more than 4 billion dollars as additional annual exports.
02:41 The port is expected to export annually,
02:44 which will increase by 4 billion dollars,
02:46 and will save thousands of dollars and more than 20 days for shipping.
02:50 This will reduce the cost of shipping regional exports to Europe,
02:53 as well as some important Asian trade.
02:57 Raad Nabil, CNBC Arabia, Al Fawq.