Iran has extended a helping hand to participate in Iraq’s ambitious Strategic Development Road project, aimed at linking the country’s Gulf ports with Turkey and Europe.
The proposal was put forth during a recent meeting between Iraqi Prime Minister Mohammed Shia al-Sudani and Iranian Acting Foreign Minister, Ali Bagheri.
In the meeting, Bagheri affirmed Iran’s backing for Iraq’s endeavors to carry out the Strategic Development Road initiative and expressed Iran’s willingness to play a role in its implementation. He commended Iraq for its significant role in fostering regional stability by fostering closer ties between nations.
The Strategic Development Road, a substantial $20 billion undertaking set to be finalized by 2030, will stretch from the port of Faw in Basrah, southern Iraq, to the Turkish border in the north. Funded by Qatar and the United Arab Emirates, the project is expected to enhance trade and economic collaboration among countries in the region.
