The development path enters the implementation phase.

With the final designs completed (100%), the Development Road project enters a crucial phase that paves the way for its transformation from a strategic plan to an executive reality.

The Prime Minister’s Advisor for Transportation and the Development Road, Nasser al-Asadi, confirmed to Al-Sabah newspaper that the project has officially entered the marketing and international investment attraction phase. He explained that the completed designs are currently undergoing technical review before their launch. The Development Road is considered the largest economic project in modern Iraqi history, aiming to establish a land-rail corridor extending from the Grand Faw Port to the Turkish border, passing through several governorates.

Al-Asadi revealed that Iraq has received investment offers from several countries, including Turkey, the UAE, Qatar, and Oman, with increasing interest from the Gulf region. He indicated that the final route, agreed upon between Baghdad and Erbil, will pass through Dohuk and reach Fishkhabur, as it is the least expensive and easiest to construct, according to studies by an international consultant.

The project aims to reduce trade time between Asia and Europe to 15 days. Al-Asadi also indicated that the expected revenues, whether from current or future investments, are estimated at billions of dollars, with financial and economic studies to be announced soon, stressing that the project will provide ample job opportunities and form a cornerstone for strengthening the economy.

Alsabaah.iq