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Iraqi Prime Minister Highlights Economic Integration

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BNN Correspondents
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Iraqi Prime Minister, Mohammed Shia Al-Sudani, urged Arab leaders at the 32nd Arab League Summit in Jeddah to hold the 2025 summit in Baghdad. He emphasized the need for economic interdependence and integration among Arab countries. Al-Sudani also announced upcoming conferences, including the 'Baghdad 2023' conference, aimed at fostering regional stability and economic integration.

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Iraq's Call for the 2025 Arab League Summit in Baghdad

Iraqi Prime Minister, Mohammed Shia Al-Sudani, made an appeal to Arab leaders during his speech at the 32nd Arab League Summit held in Jeddah. He called for the 2025 Arab League Summit to be hosted in the Iraqi capital, Baghdad. Al-Sudani emphasized the importance of economic interdependence and integration among Arab countries, highlighting the success of other economic blocs that lack common elements.

Al-Sudani stated, "Many countries built successful economic blocs, where members do not share common elements. Therefore, we must review economic interdependence and integration between our countries." His remarks shed light on the significance of fostering economic cooperation and collaboration to strengthen the Arab region as a whole.

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Baghdad's Efforts for Economic Integration and Regional Stability

During the summit, Prime Minister Al-Sudani also shared information about upcoming conferences aimed at enhancing economic integration and promoting regional stability. One of these conferences is the 'Baghdad 2023' conference, which will focus on bringing together various stakeholders to discuss strategies for economic integration.

The 'Baghdad 2023' conference is set to play a crucial role in Iraq's efforts to strengthen economic ties within the region. It will serve as a platform for discussions and initiatives that can pave the way for enhanced cooperation and collaboration among Arab nations. By hosting such conferences, Baghdad aims to create an environment conducive to economic growth and regional stability.

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Furthermore, the Prime Minister announced the Development Route Conference, another significant event that Iraq will host. This conference aims to highlight the promising project known as the 'Development Route,' which will contribute to strengthening bonds and serving the interests of the people in the region.

The 'Development Route' is a strategic initiative undertaken by the Iraqi government, formerly referred to as the dry canal. It will connect the Al-Faw Grand Port in Basra, southern Iraq, with Turkish territories through railway networks and roads. The project includes the construction of a railway with a capacity of 3.5 million tons in its initial phase, which will subsequently expand to 7.5 million tons in the second phase.

(Read Also: Iraqi Kurdistan Parties Discuss Election Preparations Amidst Political Disputes)

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Moreover, the 'Development Route' will incorporate a highway for land transport, pipelines for energy transportation, the Al-Faw Grand Port, and an industrial city, which is anticipated to become one of the largest in the Middle East. This comprehensive project aims to create a global corridor for the efficient transportation of goods and energy, bolstering economic development and regional integration.

(Read Also: Iraq Takes Diplomatic Initiative to Resolve Russia-Ukraine Conflict)

In light of these ambitious initiatives, Iraq's Ministry of Transport has sent official invitations to ambassadors and representatives of neighboring countries and members of the Gulf Cooperation Council (GCC). The conference on the 'Development Route' is scheduled to take place at the end of May, under the auspices of the Prime Minister.

Iraq's proactive approach to economic integration and regional stability is commendable. By hosting conferences and spearheading strategic projects like the 'Development Route,' the country aims to foster stronger ties among Arab nations, enhance trade and commerce, and create new opportunities for economic growth and development.

(Read Also: Iraqi Banks and Telecommunications Companies Set New Milestones in Economic Growth)

Iraq EconomicIntegration #BNNIraq ArabLeagueSummit Baghdad2025
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