The UAE's Abu Dhabi Ports (AD Ports) has signed with the General Company for Ports of Iraq (GCPI) an agreement to establish a joint venture to develop the new large Iraqi port of Al-Faw and its special economic zone, which are in the process of being construction ( of 6 April 2010). The agreement includes potential investments for the construction and operation of other ports and economic zones in Iraq as well as the infrastructure connecting with these areas. The agreement follows a Memorandum of Understanding signed by the parties to September 2021 followed last August by an addendum aimed at intensify cooperation between AD Ports and GCPI.