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Baghdad provides the world with a new trade corridor
The first 2023/05/27
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Muhannad Abdel Wahhab
Basra: Saad Al Sammak
Today in Baghdad, the work of the "Development Road" strategic conference begins with the participation of 10 regional countries, which it is hoped will start working in 2028 after the completion of the stages of implementing the port of Faw.
This huge project, which is known as the "dry canal", is one of the most important economic projects that the government is working to expedite its implementation during the coming period, as it starts from Faw, passing through Turkey, and reaching Europe.
Adviser to the Prime Minister Hisham Al-Rikabi told Al-Sabah: The development path aims to enhance trade between Iraq and the world and make it an important link to connect many countries, and thus represents a major economic transition that the government seeks to implement to achieve positive returns at various levels.
He added that the conference is receiving great interest from Arab and foreign countries, expressing his hope to achieve effective partnerships with countries in order to enhance trade and economic exchange.
He explained that the road passes through 11 governorates to Turkey and from there to Europe, and one of its advantages is that it connects the west of the world with its east, and it will be implemented with international specifications in order to win the approval of major companies to transport their goods and facilitate their arrival through this road as a result of shortening the time from 33 days to 15 by sea voyages, and thus It will be a major hub for trade between Europe and Asia.
Al-Rikabi confirmed that the project will match the revenues of the resources on which Iraq depends, especially oil, in addition to providing many job opportunities for young people while contributing to activating the role of the private sector, indicating that the conference will be followed by quick steps to complete the project.
For his part, a member of the Transport and Communications Committee, Zuhair Al-Fatlawi, told Al-Sabah: The Ministry of Transport will present during the conference that is being held today with the participation of 10 countries, namely Saudi Arabia, Turkey, Syria, Jordan, Kuwait, Bahrain, Qatar, the Emirates, Bahrain and Iran, the positive benefits of this strategic road and the official announcement of it, and it is hoped that Work will begin in 2028 after the completion of the Al-Faw port.
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