Iraq: project “Development Roads” is considered important with Turkey

Entrepreneurs and officials of Iraq consider the project “Development roads”, which will be able to connect the Persian Gulf with Europe through Turkey, a promising opportunity that not only meets the interests of all parties and contributes to economic development.

The project was announced during the Big Twenty summit, which was held in the city of New Delhi in India on September 9-10 with the participation of Turkish President Recep Tayyip Erdogan.

Iraq seeks to reduce the route between Asia and Europe through Turkey and become a transit center thanks to the port of Fav, which will be the first starting point.

The project, called the Iraqi Silk Road, is aimed at accelerating and increasing the efficiency of trade by creating a competing route to the Suez Canal.

Port Fav will become the largest in the Middle East, its construction will be completed in 2025. The construction of rail and roads with a length of 1200 kilometers to the Turkish border will cost $ 17 billion.

Previously, the project was planned to be called the “Sukhoi Canal”, however, during the visit of the Prime Minister Iraq Mohammed Shia al-Sudani to Turkey in March, he was renamed the “Road of Development”.