Turkish Minister of Transport and Infrastructure Abdulkadir Oraloglu announced that a quadripartite ministerial summit among Turkey, Iraq, the UAE and Qatar will be held soon regarding the ‘Development Road’ project.
The Turkish Minister said in a press statement: The memorandum of understanding that was signed the day before yesterday between Turkey, Iraq, Qatar, and the UAE in Baghdad to cooperate on the ‘Development Road’ project was a bilateral agreement, but with joint Turkish and Iraqi efforts, it also included the UAE and Qatar.
He added that weekly meetings are taking place between officials from both Turkey and Iraq, and a quadripartite summit will be held during the next two months.
Oraloglu stated that they will open offices in Iraq and Turkey within the framework of the project in the coming months, noting that with the operation of the development road, the volume of trade will increase from 20 billion dollars to reach 40 billion dollars.
The day before yesterday, Turkey, Iraq, Qatar and the
UAE signed a quadripartite memorandum of understanding in Baghdad for cooperation on the ‘Development Road’ project, under the auspices of Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Muhammad Shia’ al-Sudani.
The “Development Road” project is a land and railway road extending from Iraq to Turkey and its ports, with a length of 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Arab Gulf states./End
Source: National Iraqi News Agency