24.04.2024
Turkey, Iraq, Qatar, and the UAE have agreed to cooperate on the development of a brand new commerce route known as the “Growth Street” from Asia to Europe, that is reported by the railway transport information portal Railway Provide.
“The 1200-kilometer street and rail mission goals to show Iraq right into a transit hub connecting Asia and Europe. This includes a connection between the Grand Faw port within the oil-rich south of the nation and Turkey to the north,” the assertion says.
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The price of the “Growth Street” mission is $17 billion, with Iraq saying its implementation final yr.
The mission’s aim is to rework Iraq right into a transit hub and scale back the supply time of products between Asia and Europe.
Agreements between Turkey and Iraq, in addition to Turkey and the UAE, had been signed throughout President Recep Tayyip Erdogan’s go to to Iraq on April 22-23.
General, Turkey has signed 24 memoranda of understanding with Iraq for mutual understanding and cooperation in numerous fields.
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