All articles tagged with #development road
Amid Strait of Hormuz tensions, Iraq’s $24 billion Development Road is gaining momentum, with Basra emerging as a key overland transit hub that could reduce Tehran’s leverage and link the Gulf with Turkey and Europe; Phase 1 began in 2025 and is targeted for 2028 completion, signaling a potential shift in regional trade and energy logistics alongside parallel Gulf infrastructure projects.
Iraq has launched a $17 billion project to link the Grand Faw Port on its southern coast to the border with Turkey, aiming to transform the country's economy and rival the Suez Canal. The Development Road will include rail and road links, high-speed trains, and an energy component that could include oil and gas pipelines. The project was announced at a conference aimed at courting Arab interest, including from Arab Gulf states, Syria, and Jordan. If work starts early next year, the project would be completed in 2029.