Thursday, August 15, 2024

THE Al-Mundhiriyah crossing, AS A KEY ECONOMIC AND TRADE POINT TO IRAQ BY DINAR REVALUATION, 15 AUGUST

More than 50 billion dinars to finance the development project of Al-Mundhiriyah port


Aws Al-Mahdawi, a member of the Diyala Council, made the announcement on Wednesday that the development project for the Al-Mundhiriyah border crossing east of the province will be funded with more than 50 billion dinars.

“Al-Mundhiriyah absorbs about 15% of international trade due to its geographical location close to the capital, Baghdad, pointing to the stability of the situation on the land routes, which made it an attractive center for companies and traders,” Al-Mahdawi stated.

He added, “The focal government has distributed in excess of 50 billion dinars as a component of the arrangement to reconstruct and foster the intersection, taking note of that this is whenever the intersection first has been created in 50 years.”

“The development plan aims to transform the crossing into an economic point for trade exchange and the entry of visitors throughout the year, while increasing its capacity, especially during religious occasions,” he explained.

He brought up that “a designing council has been framed to set up the plans, which will give a more clear thought of the by and large impending improvement process, as most would consider to be normal to extend the intersection’s capacities by up to half of what they are currently.”

Al-Mundhiriyah crossing is one of the significant intersections utilized for the inventory of products and the passage of voyagers.

ANALYSIS

The Al-Mundhiriyah border crossing development project, announced by Diyala Council member Aws Al-Mahdawi, will be financed with over 50 billion dinars.

 Located east of Diyala province and close to Baghdad, the crossing handles approximately 15% of international trade, making it a vital economic hub.

This significant investment aims to transform the Al-Mundhiriyah crossing, which has not seen substantial development in 50 years, into a key economic and trade point

The development plan includes expanding the crossing's capacity, especially to handle increased traffic during religious occasions and to facilitate year-round visitor and trade flow.

A dedicated engineering council has been established to create detailed plans for this development, which is expected to increase the crossing’s capacities by up to 50%. This enhancement is set to improve the efficiency of product supply and passenger entry, reinforcing its role as a crucial intersection for both commerce and travel.

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