Iraq, Turkey, Qatar, UAE sign preliminary deal to cooperate on $17 Bln road project

23 April, 2024
Source: iranoilgas.com

Iraq's prime minister and Turkey's President on Monday witnessed the signing of preliminary agreement between Iraq, Turkey, Qatar and UAE to cooperate on the Development Road project, a statement from the prime minister's office said.

Iraq launched the $17 billion road project, spanning 1,200 kilometers, last year to link Faw Port on its southern coast by rail and road to the border with Turkey. Its primary objective is to transform Iraq into a pivotal transit hub, linking Asia and Europe.

During Erdoğan’s brief visit, Iraqi and Turkish officials inked a total of 24 memorandums of understanding.

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