Türkiye anticipates a $55 billion #economiccontribution over 10 years from the Development Road a planned trade corridor linking Iraq’s Gulf ports to Europe via Türkiye with preparations in place to begin construction swiftly once regional tensions subside, the Transport Minister said. Minister Abdulkadir Uraloglu stated that Türkiye, Iraq, Qatar, and the United Arab Emirates have already agreed on the project framework and a $17 billion financing model, leaving only final funding arrangements before implementation can begin. Türkiye has already completed significant portions of its domestic segment of the Development Road and is prepared to proceed once financing is secured, he reckoned. Uraloglu linked the urgency of the #project to ongoing instability affecting #globalenergy routes, pointing to disruptions in the Strait of Hormuz during the Iran conflict as a recent example. “If the Development Road had been completed, the world would have been much less affected in terms of ener...