Development Road.. A promising project to attract foreign investments and revitalize the private sector
Development Road.. A promising project to attract foreign investments and revitalize the private sector
6-19-2023
Information / Baghdad..
The Iraqi government relies heavily on the development road project to bring about economic development in terms of infrastructure and investment, and to make Iraq a point of contact for global trade linking the East with the West.
The project includes a land line and a railway linking the Gulf to the Turkish border, which will be known as the development road.
The head of the Transportation and Communications Committee, Zahra Al-Bajari, told Al-Maalouma, “Investments in the path of development will be for foreign and Iraqi companies, and they may be companies from the private sector, and this is a great opportunity to provide job opportunities and activate this sector.”
She added, “The road is one of the very important strategic projects that will provide Iraq’s economy with a set of benefits, the first of which is providing hundreds of thousands of job opportunities, which will affect the stability of the security situation in Iraq.”
On the other hand, Media Director of the Ministry of Transport, Maitham Al-Safi, told Al-Maalouma, that “the development road project will not make Iraq a mere trade corridor because it will be directly linked to the large port of Faw, in addition to that it will contain many industrial and commercial cities.”
Al-Safi added, “The project will serve as an artery for the great port of Faw, through which global trade will pass from the east to European ports.”
He pointed out, “The project will work to open lines connecting a number of governorates to activate tourism directly, whether it is archaeological, religious or recreational.”
On the other hand, the economist, Dr. Safwan Qusay, confirmed to Al-Maalouma that “there are untapped resources in Iraq, especially in Mosul, which possesses sulfur, and Anbar, which contains phosphates and petrochemicals in Basra, and cement in Muthanna, and these resources can be a tributary to the Iraqi economy far away.” About the difficulties of transporting and exporting these commodities through the existence of a path of development.
He added, “The road of development has political, social and environmental dimensions that can contribute to the sustainability of the relationship with the countries of the world, just as it is not against the Silk Road, but rather is considered a complement to this road, and it may contribute to provoking China and pushing it towards investing in Iraq as it is the best site for linking the East.” in the West.”
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