
BASRA COURTESY CALL. Dr. Majid Al-Nasrawi, the Governor of Basra Province in southern Iraq, and Chargé d’Affaires Elmer G. Cato of the Philippine Embassy in Baghdad shake hands following the latter’s courtesy call on the Iraqi official. During the meeting, Governor Al-Nasrawi requested the assistance of the Philippine Embassy in inviting Philippine companies to invest in Basra, the main oil producing region of Iraq and host of the country’s only port. (Philippine Embassy Photo by Andrei Bauzon) Basra – After a Filipino company poured in $130 million to develop Iraq’s largest port, the governor of this oil-rich southern province wants the Philippines to seriously consider sending in more investments. “We want more investments from the Philippines,” Governor Majid Al-Nasrawi said during a recent courtesy call by Chargé d’Affaires Elmer Cato of the Philippine Embassy in Baghdad. “There are numerous investment opportunities here for Filipino companies.” During their meeting, Governor Al-Nasrawi assured Cato that Basra and the rest of southern Iraq remain safe for investors as the region is far from the conflict that continues to rage in the northern and western parts of Iraq. “Basra is safe,” he said. “There is nothing to worry about. There are no serious security issues here.” Al-Nasrawi was all praises for the International Container Terminal Services Inc. (ICTSI), a Manila-based global port operator, which is investing $130 million to expand the country’s main port in Umm Qasr. ICTSI’s Basra Gateway Terminal Project, which is considered to be the largest private investment in Iraqi ports, will be fully operational next Read More …