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{The path of development} takes us out of the {rentier economy}
The first 2023/05/31
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Baghdad: Hoda Al-Azzawi
Experts in economic and political affairs considered that the (Development Road) project, which Minister of Transport Razak Mohibis Al-Saadawi inaugurated yesterday, Tuesday, his administration headquarters to start the steps of its actual implementation, is a ticket and outlet for the country’s exit from the crisis of the “rentier economy” based on one commodity, and entering the economic zone. The sustainable project, which contributes to a comprehensive renaissance in all economic and commercial sectors, indicating that the vision and the ideal way to implement the project is directed towards partnership with international companies through investment.
The academic and expert in political and legal affairs, Dr. Rakia Al-Khazali, said in an exclusive interview with Al-Sabah: The (Development Road) project to link the port of Al-Faw with Turkey to Europe, initially witnesses the participation of ten regional countries except for Iraq, which are (the six Gulf Cooperation Council countries, And the four neighboring countries Iran, Turkey, Jordan and Syria).
She pointed out that "this project is a cornerstone of a sustainable economy, as it does not depend on oil and contributes to regional integration," and indicated that "this project is a revival of the (Basra-Berlin) project that was agreed upon more than a century ago by the German Emperor Philip II. And the Ottoman Sultan Abdul Hamid II, whose aim was to link the Middle East to the European continent.
The expert, Rakia Al-Khazali, believes that before delving into the positive points that the project deals with from an economic point of view, it is necessary to move on to the method of its implementation, indicating that “according to the visions, there are three options, either the financing of the project is 100% governmental, and this is a very difficult issue that may cause a deficit in The budget for state resources, and the other option is to implement the project in partnership between the government and the private sector, and this also has some danger in light of the scarcity of environmental trust for the private sector and may have some obstacles.
And she indicated that "the third option or the third proposal is that there be investment by a group of international companies for this region," stressing that "the third option is the best, because Iraq needs to attract companies, and strive to be a country that attracts investment, and therefore we need to Attracting international companies, and at the same time we must contribute to a partnership between global institutions and local institutions. The joints of economic life have been paralyzed, except for the transport sector, which is like a third river that does not stop flowing in various circumstances and crises.
He pointed out that "there is a team in the street that goes towards standing with the giant strategic port of Faw and (development road), which ends in 2029, and has a length of 1191 km and passes through more than 13 cities to reach Fishkhabour, Konya, Gaziantep, and then to Mersin," indicating It will achieve a return of more than 18.4%, and all neighboring countries will benefit from it, according to official readings, and it will be a great competitor to two major roads in the region if they see the light, (Iran's north-south line), and the line that starts from Oman and Saudi Arabia and ends in Jordan and Israel.
He added that "(the path of development) will achieve a great economic leap for Iraq and the countries of the region," noting that "all the aforementioned data and indicators dictate that the first phase of the project will provide more than 100,000 job opportunities, and at the end of 2029, the percentage may rise to one million jobs."
In turn, the writer and researcher in political affairs, Dr. Qassem Balshan Al-Tamimi, told Al-Sabah: "(The road to development) needs international protection and care that forces Turkey to continue the flow of goods through this road even if relations between Iraq and Turkey falter," referring to That "Certainly, Iraq is in urgent need to get out of the unipolar economy (rentier economy), and (development path) is considered the first and important step to diversify the sources of the Iraqi economy."
Edited by: Muhammad Al-Ansari
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