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development path and challenges
Economical 2023/06/20
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Dr.. Mustafa Kamel
The Development Road project is one of the important strategic projects for the Iraqi economy and the region in general, and despite the classification of this project within the service projects, which is reliable at this stage specifically in diversifying the Iraqi economy, which is characterized by a dry economy, from economic projects in all its forms and types, but as long as the This project is strategic, as it is a long-term project, as it consists of three phases, the last of which ends in 2050, that is, after more than 25 years from now, and at an estimated cost of $ 17 billion.
And taking into account the change in the value of money during this period, which is expected, makes this cost subject to increase and may not be commensurate with the ability of the Iraqi government at the time to spend or pay, which raises at the time the problem of expanding government deficit and public debt on the one hand, and on the other hand Such projects and this long period may push many countries to develop their existing roads or establish new ones that stimulate trade in one way or another, which puts the project in competition, and in light of the existence of administrative and financial corruption and other challenges that must be taken into consideration, the government should Al-Iraqiya Emphasis on short and medium-term service projects that serve the Iraqi economy in its current stage along with strategic projects, especially projects that need regional coordination and organization and real international support such as the free zones project, religious tourism and other service projects capable of directing economic activities in a way Active and influentialmedium and near term.
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