Development Road to Accelerate Turkey-Iraq Investment Relations

The economic relations between Turkey and Iraq are expected to gain significant momentum with the implementation of the Development Road project. This project is a crucial step in strengthening trade and investment relations between the two countries.

■The trade volume between Turkey and Iraq exceeded $20 billion in 2022.

■Turkish investments in Iraq have surpassed $10 billion over the past decade.

■With the completion of the Development Road project, the trade volume between the two countries is expected to increase by 15-20% by 2025.

Economic Impact of the Project The economic impact of the Development Road project will not only strengthen trade relations between the two countries but also contribute to the growth of regional trade and economic growth.

■The project will improve transportation infrastructure and reduce logistics costs.

■Improvement of the investment environment can help attract more foreign direct investment to the region.

Investment Opportunities The Development Road project can also strengthen investment relations between Turkey and Iraq.

■The project can provide opportunities for infrastructure investments.

■Energy and industry sectors can also offer investment opportunities. Analyst Cansın Tuncel notes, 'The Development Road project is expected to strengthen economic relations between Turkey and Iraq and contribute to the growth of regional trade. The completion of the project can help increase trade volume between the two countries and attract more investments.'