Representative Baqir Al-Saadi confirmed on Monday that 11 countries are interested in investing in Iraqi development projects.
During an interview, Al-Saadi emphasized that the development plan is not just a theoretical idea, but is already being put into action by the Sudanese government. He stated that the first phase of the project will be implemented in a timely manner, within a few months, and highlighted the importance of the project for Iraq’s economic future.
According to him, 11 nations have shown interest in investing in road development projects in Iraq, and the number could increase to 50 if these ventures are initiated. He also emphasized that the world is witnessing the emergence of a remarkable transportation route that will link Southeast Asian and Indian Ocean countries to Europe through Iraq.
He highlighted that the project’s advantages can be condensed into 15 points. The most notable among them are the financial gains and the amount of investments in constructing industrial cities and other logistical support. Additionally, the project will create job opportunities and establish a new transportation route in Iraq that will attract a variety of global goods.
The Sudanese government announced the development of a land and rail route to transport goods from Al-Faw port to Europe via Turkey months ago.