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Specialists: {The Path of Development} is an opportunity for a promising Iraqi future
Iraq 11/29/2023
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Baghdad: Muhannad Abdel Wahab
Specialists in economic and political affairs saw that the “Development Road” project constitutes a real opportunity for the country towards a promising and prosperous future, and while they explained that the project comes at the height of the struggle between the East and the West to lead the new future world; They called on the government to exploit the opportunity by building a sustainable economic base for generations and not limit Iraq's role to being a "trade corridor" only, but rather real investment opportunities must be provided locally to countries active in this vital project.
The economic expert, Osama Al-Tamimi, explained to “Al-Sabah” that “the development path is one of the important projects and economic opportunities for Iraq and the region, and it comes at the height of the struggle between the East and the West to control the region and ultimately win the economic struggle to lead the new future world,” and he added that it “Since Iraq constitutes one of the important links of this road, it must exploit the opportunity in the best way and build a sustainable economic base for generations by not making Iraq a corridor for trade, but rather providing real and effective investment opportunities to the countries active in this project by establishing various economic activities, and not being limited to the transportation process.” Just because in this way it kills the project.”
He explained, "There are many countries that have begun looking to establish industrial zones and trade exchange, such as Saudi Arabia, Jordan, Turkey, and China. Iraq must exploit the opportunity and move to a new phase of a diversified economy. It must also complete projects that complement the path of development from various aspects. For example, “The irrigation map and dams must be modernized, the agricultural situation and livestock production must be improved, in addition to improving the manufacturing industries by benefiting from the Chinese experiences in economic advancement, and activating better investment laws that attract capital.”
Al-Tamimi added, "There are many countries currently conducting visits and discussions with the Iraqi government regarding the path to development, led by Turkey, which considers itself a major partner in the project, in addition to the interest of the United Arab Emirates and the visit of its officials to Baghdad."
For his part, political analyst, Mohamed Salah, said in an interview with “Al-Sabah”: “The development road is a vital and very important road for Iraq, the region and the world, especially after the Prime Minister’s confirmation of its importance, as well as the Minister of Transport’s confirmation of the great benefit that will accrue to Iraq from “During this road, which will connect the region with East Asia, it will bring additional significant economic returns to the general budget, in addition to the establishment of industrial cities on the road. When the FAO project is completed, trucks carrying goods will move through the road between Turkey, Asia and Eastern Europe.”
Salah expected that the “Development Road” project would generate approximately 74 billion dollars annually, stressing that “the project has economic and commercial benefits, and that the country will be opened through this road to the world, and it will create many new economic doors and resources for Iraq, in addition to creating job opportunities for workers.” Young workers, reducing unemployment, and reviving areas that did not provide them with new business opportunities, is a policy that aims to open up Iraq to new horizons of global trade.”
Edited by: Abdul Rahman Ibrahim
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