Deputy: 11 countries want to invest in the path of development…the number will reach 50 soon, 2 OCT

 Deputy: 11 countries want to invest in the path of development…the number will reach 50 soon, 2 OCT

Representative Baqir Al-Saadi confirmed on Monday that 11 countries are interested in investing in development projects in Iraq.

During an interview, Al-Saadi emphasized that the development plan is not just a theoretical concept, but a practical reality. The Sudanese government aims to commence the first phase of the project within a few months, and it is a crucial initiative for Iraq’s economic progress.

During a recent statement, he mentioned that as many as 11 countries have expressed their interest in investing in the development of Iraqi road projects. The number of countries willing to invest may increase up to 50, provided the projects are initiated. He emphasized that the world is on the cusp of the development of an exceptional transportation line that will connect Southeast Asian and Indian Ocean countries to Europe via Iraq.

During his speech, he highlighted that the project has 15 significant benefits. These include financial returns, increased investment in building industrial cities and logistical support, job creation, and the development of a new transportation route within Iraq that can attract various international goods.

The Sudanese government announced the contents of the development road months ago. The road will provide a land and rail route to transport goods from the port of Al-Faw to Europe via Turkey.