Erdal Eren, head of the Turkish Contractors Union, said that the attention of his colleagues in the sector is directed to the projects to be implemented within the framework of the “development road” that passes through Iraq and Turkish territory.
This came in an interview about the investment goals of Turkish contractors in Iraq on the eve of the expected visit of Turkish President Recep Tayyip Erdogan to Baghdad on Monday.
Eren added that Turkish contractors aspire to complete the entire “Development Road” project.
He stressed that the huge projects of highways, bridges, and railways completed by Turkish contractors inside Turkey are an indication of their ability to complete the entire “development path.”
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Eren pointed out that the “development path” seems to open the door to other projects in Iraq as well.
He stated that the projects that will result from the launch of the “Development Road” include the construction of new cities and residential areas and other projects along the path of the project, whose investment budget amounts to about 17 billion dollars.
Eren stressed the importance of President Erdogan’s visit to Iraq for Turkish contractors and the future of their projects in this Arab country.
The “Development Road” project is a land road and railway extending from Iraq to Turkey and its ports. The length of the road and railway is 1,200 kilometers inside Iraq, and the project aims to transport goods between Europe and the Gulf countries.
It is scheduled to be completed in three phases, the first ending in 2028, the second in 2033, and the third in 2050.
