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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Economic experts question Iraq's ability to establish a dry channel with Turkey due to the lack of "

    Rocky
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    Economic experts question Iraq's ability to establish a dry channel with Turkey due to the lack of " Empty Economic experts question Iraq's ability to establish a dry channel with Turkey due to the lack of "

    Post by Rocky Tue 28 Mar 2023, 5:08 am

    Economic experts question Iraq's ability to establish a dry channel with Turkey due to the lack of "political will".



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    2023-03-28 04:43
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    Shafaq News/ Today, Tuesday, a number of economic experts questioned the federal government's ability to proceed with the construction of the dry canal project that connects Iraq with Turkey and from there to Europe, attributing that to the lack of political will with this project.
    The economist, Dergham Muhammad Ali, said in an interview with Shafaq News agency, "The dry canal project needs political will and international understandings, and requires the establishment of the great port of Faw, logistical cities, roads with high specifications, rest stations, hotels, and fuel stations, in addition to the extension of new railway lines, which are projects It takes a lot of time and money.”



    He added, "In light of the current political contradictions, it is difficult to implement it (the project), because political wills are not all with the continuation of projects of this kind, even if the current government is determined to implement it, but from an economic point of view, it will be an economic lung for Iraq that competes with the oil sector."
    For her part, economist Salam Sumaisem confirmed in an interview with Shafaq News agency, "The dual link project with Turkey by building a dual track that includes a land corridor and a railway will be one of the strategic projects for the country, especially with the transportation field in Iraq being forgotten for long periods."
    And she added, "The project will see the light if there is a real will and transparency, because many projects suffer from corruption and problems."
    Sumaisem also indicated that, "Iraq can use investment in such projects in the event that the cost of the project is exorbitant and large, and through the revenues that it will reap, the costs of the project will be paid to the investor and the project will be returned to him later, which is what we can call (musataha)."
    She pointed out that "the political will, if it exists, can also create a stable security situation by deploying forces from the army and police to protect investment projects that should have priority in the country instead of sitting in control," adding at the same time that "a share Military spending from the budget is 24%, that is, a quarter of the budget goes to the security and defense sector.
    Sumaisem confirmed that "the project, if it sees the light, will generate funds for Iraq that will transfer it from a debtor country to an economically stable country."
    During his visit to Turkey on March 21, Iraqi Prime Minister Muhammad Shia al-Sudani proposed an economic partnership contract, including the "dry canal" development road project, through the construction of a highway and a railway line from the port of Faw and passing through several Iraqi provinces, all the way to the Turkish border, what It gives access to the port of Mersin and Europe via Istanbul.
    On Thursday, March 23, the Iraqi Minister of Transport, Razzaq Mohibis Al-Saadawi, announced the details of the talks that the Iraqi delegation, headed by Prime Minister Muhammad Shia Al-Sudani, held with the Turkish side in Ankara.
    Al-Saadawi said, in a statement, that the government's vision aspires to transform Iraq into an international trade center between Asia and Europe, and therefore the path of development assumes great importance in this context.
    He added that the governmental curriculum of the Prime Minister put forward a proposal centered on transforming Iraq into a center for global trade between Asia and Europe, through the Faw Grand Port project and its associated economic zones, residential clusters and tourist attractions, noting that this project "contributes to strengthening economic and trade relations." between Iraq and its neighbors, led by Turkey on the one hand, and the countries of Europe and Asia on the other.
    Al-Saadawi indicated that the port project includes a development road that will be formed by a highway and a railway, passing through several Iraqi governorates, all the way to the Turkish border, which will allow access to the port of Mersin and Europe via Istanbul.
    The minister continued by saying, "The Iraqi government has presented to the Turkish side the details of these projects" in order to "enhance the economic and trade partnership with Turkey."
    The Ambassador of the Republic of Iraq to Turkey, Majed Al-Lajmawi, confirmed on Sunday, March 26, that the dry canal to be extended between her country and Turkey will contribute to reviving foreign trade.
    In a statement published by the Iraqi Ministry of Foreign Affairs, the ambassador explained that the agreement is to activate the "development road", that is: the dry channel that consists of a land and railway road linking Iraq with Turkey, and extending from Basra to the Turkish border, considering that it will contribute to reviving intra-trade between the two countries. It increases the volume of trade exchange.
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