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Clare » June 8th, 2025
The President of the Republic of Iraq arrives in France
6/8/2025
Iraqi President Abdul Latif Jamal Rashid arrived in France on Sunday on an official visit to participate in the third United Nations Ocean Conference in Nice.
The President is accompanied on his visit by First Lady Shanaz Ibrahim Ahmed, Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein, and a number of officials and advisors. LINK
Al-Sudani: 80 locally manufactured goods are being exported, and the development path will create a new Iraq.
6/8/2025
Prime Minister Mohammed Shia al-Sudani announced on Sunday that approximately 80 locally manufactured goods are currently being exported abroad, considering the vital “Development Road” project to enable Iraq to become an economic corridor serving the entire world.
Al-Sudani said in a statement during his meeting with a number of sheikhs and tribal leaders in Iraq, on the occasion of Eid al-Adha, that: “The fields of work are witnessing today a great deal of effort and the treatment of poor management and planning, and they have been returned to their proper path.”
He added that there are significant economic reforms underway, and that we have focused on the parallel economic sectors to oil, activating their contribution to the economy. He added, “We have been able to identify 80 Iraqi-made products that are currently being exported.”
Al-Sudani continued, saying that Iraq could be an economic corridor serving global trade and the countries of the region, and that the path to development would create a new Iraq. He added, “We have established Iraq’s position on various issues and the independence of its political decision-making.”
In April 2024, Iraq, Turkey, the UAE, and Qatar signed a quadripartite agreement on the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdoğan.
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The agreement aims to enhance cooperation regarding Iraq’s strategic development project, as the four countries will work to establish the necessary frameworks for its implementation, according to a statement issued by the Prime Minister’s Office.
The strategic development road project is expected to contribute to stimulating economic growth and strengthening regional and international cooperation, achieving economic integration and sustainability between East and West.
The project will also increase international trade, facilitate the movement of goods, provide a new competitive transportation route, and enhance regional economic prosperity.
It’s worth noting that the “Development Road” project is a land and railway route extending from Iraq to Turkey and its ports. The road and railway span 1,200 kilometers within Iraq and are primarily intended to transport goods between Europe and the Gulf states.
The project’s investment budget is approximately $17 billion, including $6.5 billion for the expressway and $10.5 billion for the electric train. It will be completed in three phases, the first of which will end in 2028, the second in 2033, and the third in 2050.
The project is expected to provide approximately 100,000 job opportunities in the first phase, and one million job opportunities upon completion. LINK
Source: Dinar Recaps
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