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It will transform Iraq into an open country.” Al-Sudani: The path of development needs 5 years to be achieved
Politics | Yesterday, 17:26 |
Baghdad today - Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday (September 14, 2024), that
the vital development road project is not only a corridor for transporting goods,
but rather includes projects that “will transform Iraq from a landlocked country to an open one,” indicating that
it needs 5 years to complete it.
This came during his hosting of a dialogue symposium on the development road project and the investment opportunities available in this field, which was held in the capital, Baghdad.
Al-Sudani said during the symposium, which was attended by “Baghdad Today,” that “the development road is not a corridor for transporting goods as some imagine,” adding that “there are projects along this road.” He added that
this project will transform Iraq from a landlocked country into an open country, and will help bring the sea into central Iraq to reach Turkey and Europe.
Al-Sudani also pointed out that the existing corridor, which is under design and study, includes corridors for transporting oil and gas, linking communications, as well as for establishing industrial cities. According to Al-Sudani,
“Due to the circumstances that occurred in the Red Sea, we approached the World Bank to begin implementing the development road project from the old road,” stressing that
countries in the European Union have expressed their desire to participate in implementing the development road project.
Providing job opportunities
Al-Sudani stressed that the development road project and the port of Al-Faw, or the new economic and industrial city, along with the residential city, the railway project, the road and the industrial cities, will create a second Iraq, and it is a group of projects that provide job opportunities for graduates and job seekers.
Iraq's need for housing
The Prime Minister stated that Iraq needs two and a half million to three million housing units, and it needs projects to provide its need for construction supplies.
Iraq's return to industry
The Prime Minister pledged to return Iraq to its pioneering role in the field of local industry as it was in the 1960s, and to attract people to work in private sector projects.
In April 2024, Iraq, Turkey, the Emirates, and Qatar signed a four-way agreement regarding the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Muhammad Shia al-Sudani and Turkish President Recep Tayyip Erdogan. It is noteworthy that the
“Development Road” project is a land road and railway extending from Iraq to Turkey and its ports. The length of the road and railway is 1,200 kilometers inside Iraq, and aims primarily to transport goods between Europe and the Gulf countries.
The investment budget for the project amounts to about 17 billion US dollars.
Of these, 6.5 billion are for the highway, and 10.5 billion are for the electric train, and it will be completed in 3 phases, the first ending in 2028, the second in 2033, and the third in 2050.
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Politics | Yesterday, 17:26 |
Baghdad today - Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday (September 14, 2024), that
the vital development road project is not only a corridor for transporting goods,
but rather includes projects that “will transform Iraq from a landlocked country to an open one,” indicating that
it needs 5 years to complete it.
This came during his hosting of a dialogue symposium on the development road project and the investment opportunities available in this field, which was held in the capital, Baghdad.
Al-Sudani said during the symposium, which was attended by “Baghdad Today,” that “the development road is not a corridor for transporting goods as some imagine,” adding that “there are projects along this road.” He added that
this project will transform Iraq from a landlocked country into an open country, and will help bring the sea into central Iraq to reach Turkey and Europe.
Al-Sudani also pointed out that the existing corridor, which is under design and study, includes corridors for transporting oil and gas, linking communications, as well as for establishing industrial cities. According to Al-Sudani,
“Due to the circumstances that occurred in the Red Sea, we approached the World Bank to begin implementing the development road project from the old road,” stressing that
countries in the European Union have expressed their desire to participate in implementing the development road project.
Providing job opportunities
Al-Sudani stressed that the development road project and the port of Al-Faw, or the new economic and industrial city, along with the residential city, the railway project, the road and the industrial cities, will create a second Iraq, and it is a group of projects that provide job opportunities for graduates and job seekers.
Iraq's need for housing
The Prime Minister stated that Iraq needs two and a half million to three million housing units, and it needs projects to provide its need for construction supplies.
Iraq's return to industry
The Prime Minister pledged to return Iraq to its pioneering role in the field of local industry as it was in the 1960s, and to attract people to work in private sector projects.
In April 2024, Iraq, Turkey, the Emirates, and Qatar signed a four-way agreement regarding the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Muhammad Shia al-Sudani and Turkish President Recep Tayyip Erdogan. It is noteworthy that the
“Development Road” project is a land road and railway extending from Iraq to Turkey and its ports. The length of the road and railway is 1,200 kilometers inside Iraq, and aims primarily to transport goods between Europe and the Gulf countries.
The investment budget for the project amounts to about 17 billion US dollars.
Of these, 6.5 billion are for the highway, and 10.5 billion are for the electric train, and it will be completed in 3 phases, the first ending in 2028, the second in 2033, and the third in 2050.
[You must be registered and logged in to see this link.]
