After "breaking the local collar"... What is the new economic vision for Iraq?
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Baghdad today - Baghdad
Today, Thursday (August 31, 2023), economic expert Mahdi Dawai considered Iraq to have succeeded in creating an economic partnership with its regional surroundings, as well as creating "spatial development" that will end many problems.
Dawai said in an interview with "Baghdad Today", that "the government of Muhammad Shiaa al-Sudani succeeded in creating an economic vision through openness to its regional surroundings, and it was embodied in multiple steps, the most prominent of which is the development path that has three economic, social and tourism dimensions, starting from the port of Faw to Turkey, and the planned To open up towards other neighboring countries," considering that "breaking the local cordon towards the regional and global in a country in dire need for the entry of foreign investment and the creation of spatial development that will end many problems."
He added, "The rapprochement with the Gulf countries is another important step that has economic dimensions, accompanied by balance and careful dealing with the eastern and western camps, with the adoption of a financial and monetary policy aimed at stability despite the crises," stressing that "the rise in oil prices gave high flexibility to the Iraqi economy, and the possibility of providing financial resources." To finance investments to enhance the capabilities of the infrastructure, which is the most important in any future investment axes.
He pointed out that "Iraq, with its qualifications, economic wealth and important geographical location, is able to form a compass in the world of economy and international trade within years, if there is the ability, management and planning to proceed with all strategic projects that are a building block in the world of the country's largest economic change."
Since assuming the position in October 2022, Prime Minister Muhammad Shia al-Sudani has sought with great enthusiasm to complete the previous steps to complete economic deals, whether with Egypt, Jordan and Saudi Arabia, in addition to the path of development with Turkey.
However, security and political challenges may hinder the possibility of the Sudanese taking any steps beyond signing formal agreements, as it used to happen every time an Iraqi prime minister signed such agreements, according to observers.
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