A Big Gamble! Iraq’s $17 Billion Strategic Project Connects With China’s “Belt And Road“ Initiative
#china #chinanews #iraq #türkiye #middleeast #oil #trading
After years of war and turmoil, Iraq is currently actively exploring the path of post-war economic transformation.
In order to promote the full recovery of the economy, the Iraqi government has formulated a great plan to invest $17 billion to promote a project called “Strategic Development Road“.
The project aims to build a development channel connecting the Persian Gulf and Turkey, across the Eurasian continent, so as to greatly optimize and upgrade domestic and foreign transportation infrastructure.
It is worth mentioning that this plan will now also be connected with China’s “Belt and Road“ initiative. For Iraq, they hope to bring more opportunities and cooperation through close cooperation with this oriental power.
So, can this “Strategic Development Road“ worth $17 billion change the current situation in Iraq? What kind of future can China bring to Iraq through the Belt and Road Initiative?
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