Turkey, Iraq, Qatar, and the UAE have agreed to cooperate on the construction of a new trade route called the “Development Road” from Asia to Europe, this is reported by the railway transport news portal Railway Supply.

Turkey, Iraq, Qatar, and the UAE will lay a new trade route from Asia

“The 1200-kilometer road and rail project aims to turn Iraq into a transit hub connecting Asia and Europe. This involves a connection between the Grand Faw port in the oil-rich south of the country and Turkey to the north,” the statement says.

Copenhagen is preparing to launch fully autonomous trains by 2030

The cost of the “Development Road” project is $17 billion, with Iraq announcing its implementation last year.

The project’s goal is to transform Iraq into a transit hub and reduce the delivery time of goods between Asia and Europe.

Agreements between Turkey and Iraq, as well as Turkey and the UAE, were signed during President Recep Tayyip Erdogan’s visit to Iraq on April 22-23.

Overall, Turkey has signed 24 memoranda of understanding with Iraq for mutual understanding and cooperation in various fields.

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Stadler: Certification of the First Partially Double-Decker Electric Train for Spanish Renfe

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit