2024-04-23 17:11:31
Doha: An agreement has been reached for the construction of a road linking the GCC and Europe. The project will connect the Iraqi port of Al Faw to Europe. Iraq has embarked on massive modernization projects to exploit the commercial potential of the Al Faw port, which juts into the Persian Gulf between Kuwait and Iran. The cost of this 1,200 km long road is expected to be $17 billion.
The route extends from Iraq to Turkey. This route will also connect Turkey to other European countries. The Al Faw Road project aims to transport goods from the port to various countries in Asia and Europe by road. This route completes the construction of a 1,200 km long road rail only inside Iraq.
The project will be crucial to the region’s economic boom. Construction is expected to be completed in three phases. The first phase will be completed by 2028, the second phase by 2033 and the third phase by 2050. Iraqi Prime Minister Mohammad Shia al-Sudani and Turkish President Recep Tayyip Erdogan participated in the ceremony held in Baghdad . Qatar Minister of Transport Jassim Bin Saif Al Sulaiti, UAE Minister of Energy and Infrastructure Suhail Bin Mohammed Al Masrouei and Transport Ministers of Turkey and Iraq signed the agreement. The construction is being carried out as part of a joint project of the four countries.
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