Türkiye, Iraq, Qatar, UAE sign deal on Development Road project

 



Türkiye, Iraq, Qatar, and the United Arab Emirates sign memorandum of understanding to cooperate on the Development Road project in Baghdad, Iraq. 


The Development Road project aims to link Iraq's southern port of Grand Faw on the Persian Gulf with Türkiye's border by developing a 1,200-kilometer road and rail infrastructure. This will allow Iraq to serve as a major transit hub connecting Asian and European trade between the Persian Gulf and the Mediterranean. 


The memorandum of understanding was signed on April 22, 2024 in Baghdad by President Recep Tayyip Erdoğan of Türkiye, Iraqi Prime Minister Mohammed S. Al Sudani, Qatari Minister of Transport Jassim bin Saif bin Ahmed al-Sulaiti, and UAE Energy Minister Suhail Mohamed al-Mazrouei. The leaders were overseeing increased cooperation on the landmark $17 billion project, which is expected to consolidate the economic ties between Iraq and its neighbors. 


Accompanying agreements signed during the visit focused on joint commercial and developmental projects between Türkiye and Iraq. The deal on the Development Road cements multi-country collaboration that can transform trade links across the region by linking ports, borders, and infrastructure between Asia and Europe through the Middle East.

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