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{The path of development}.. economic revenues that generate security and political stability
Iraq 2023/07/16
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Haider Al-Jaber
The Iraqi government is betting on the strategic "Development Road" project, which is expected to be a parallel source of oil in financing the public treasury, and to contribute to a quantum leap in the Iraqi economy in general and services in particular, at a time when the Ministry of Transport announced, yesterday, Saturday, Actually starting the first steps to complete the project.
The Ministers of Transport and Construction had met earlier to discuss the procedures and mechanism for implementing the "Development Path" projects, in the presence of members of the project's technical committee.
A member of the Parliamentary Economic Committee, Kazem Al-Fayyad, expected that the expected economic boom would include all governorates of Iraq without exception, while he called for the formation of governmental committees to follow up on the work on the project.
Al-Fayyad told Al-Sabah: "The path of development is shared by foreign and local companies, and they will invest and contribute to the employment of manpower, and thus they will have interests within the country and will maintain its security and stability." He added that "all regions and provinces of Iraq will benefit from this path directly or indirectly
".
And he continued, "The returns of investment projects will be better than the oil revenues if it is implemented in a correct manner, as this investment project has important economic returns." Committees on Energy, Transport, Infrastructure and Tourism," pointing out that "the road to development is not a street, but rather a development project, and that Iraq will be the most important part of this important regional project."
For his part, the economic researcher, Dr.
Al-Khazali said to "Al-Sabah": "The development road that is scheduled to extend from the port of Faw to Europe through Turkish territory has many economic, security, urban and geopolitical advantages and benefits, as it will provide a modern infrastructure system in Iraq, including ports, railways, airports and modern transportation methods." He added, "The development road will be a path for the settlement of industries on both sides of the road, and it will create areas of trade exchange around the path of the road."
He explained, "It will be a path for the emergence of modern cities close to factories and commercial areas around the road, and the road's dependence on high-speed trains requires building advanced electric stations to run these trains, and there will be international support for the success of this road."
He added, "This road and the projects around it will be areas of attraction for foreign investment, with the opportunities it will achieve, and will make Iraq's security and political stability a global necessity for the interests of all countries related to the road, whether it is Europe or Asian countries and the Gulf states." Al-Khazali concluded by saying: "All the advantages of this road depend on On the construction of the great port of Faw, because it is the main nerve of this project.
Meanwhile, a spokesman for the Ministry of Transport, Shatha Radi, said: "The first steps to accomplish the development path have actually begun, and a headquarters for the project has been established at (the global station) of the General Company for Iraqi Railways, in which all discussions, meetings, correspondence and correspondence with the consulting company are devoted." Italian (PEG), or with the local governments in the provinces, to find out the possibility of constructing this line within the provincial borders.
And she confirmed, "The ministry is in the process of completing the road that connects the large port of Faw to the submerged tunnel or to the port of Umm Qasr, and this line is linked to the international highway or the road of the development project, and its length is 63 kilometers."
Radi pointed out, "The completion of advanced stages of the road, and it will be completed in the near future as the first stage of the development road project, and it will transport goods and be a link between the large port of Faw and the development road."
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