Turkey, Iraq, Qatar, and the United Arab Emirates have signed agreements and memorandums of understanding to collaborate on the Iraq Development Road project. The project involves establishing a 1,200km highway and railway connecting the Gulf to Turkey through Iraq. It aims to link the Gulf to Europe, with goods to be transported through al-Faw port in Basra governorate to international markets via Turkey. The project is expected to be completed in 2028 and cost $17 billion. This trade corridor between India and Europe is seen as a competitor to the Suez and Israeli routes.
"Qatar and the Emirates stand out as two potential sponsors of the estimated $20 billion transportation link spanning 1,275 kilometers (792 miles) from the oil-rich southern Iraqi province of Basra to Turkey via road and railway" https://t.co/G8SNJCJnt5 By @ezgi_akin
Iraq, Türkiye, Qatar and the UAE signed a memorandum of cooperation in the development of a trade corridor between India and Europe. 🔺 This corridor will become a competitor to the Suez and Israeli routes. https://t.co/qrw7LAIy7Y
Turkey and Iraq have signed an agreement on a development road project: the project, which will connect the Persian Gulf to Europe through Turkey, will be completed in 2028. It is expected to cost $17 billion. Qatar and the UAE also signed a memorandum of understanding on… https://t.co/qKYVdn177S
A new project aims to establish a 1,200km highway and railway project that would link the Gulf to Turkey through Iraq. Iraq, Turkey and Gulf Arab states plan to carry goods through al-Faw port in Basra governorate to international markets via Turkey https://t.co/l9CVmh90a0
Turkey, Iraq, Qatar and the United Arab Emirates signed a memorandum of understanding in Baghdad to cooperate on the Iraq Development Road project that would connect the Gulf to Europe https://t.co/BwsUjjMMVk