By John Lee. Iraqi Prime Minister Mohammed Shia' Al-Sudani met with Mr. Dai Houliang, Chairman of the Board of Directors of the China National Petroleum Corporation (CNPC), and an accompanying delegation. Al-Sudani affirmed Iraq's keenness to develop relations with China across various sectors, emphasizing that the presence of Chinese companies, including in the oil sector, […]
By John Lee. Iraqi Prime Minister Mohammed Shia Al-Sudani chaired the regular meeting of the High Committee for the Development Road Project on Thursday. The meeting included the Ministers of Transport, Planning, Oil, Electricity, and Communications, along with the Prime Minister's advisors. The discussion focused on the project's implementation procedures and progress on previous directives. […]
By John Lee. The Director-General of Iraq's General Company for Railways has given more details about the role of the consultancy firm Oliver Wyman in the Development Road project. Younis Al-Kaabi told the state-run Iraqi News Agency (INA) that the consultation period is limited to 9 months, with the company to provide: A summary of […]
By Dr. John Calabrese, for Modern Diplomacy. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's "Development Road": Rough Terrain Ahead Despite sharing a border, Iraq and Turkey have had a history marked by tensions; however, recent developments indicate that the two countries […]
By John Lee. Iraqi Minister of Transport, Razzaq Mohibis Al-Saadawi, met with a Turkish delegation at the Ministry of Transport on Thursday to discuss the latest updates on the Development Road project. According to a ministry statement, the minister welcomed the Turkish delegation, led by Burak Ikan, Director General of International Relations at the Turkish […]
By Sabena Siddiqui for Al Monitor. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Can $20B Iraq Development Road project rival India-Middle East corridor? A new trade route is in the works to connect the Gulf with Europe along the Development Road, starting […]
By John Lee. The Iraqi Cabinet has approved several measures related to the Development Road project. These include authorizing the Ministry of Transport to contract with the US consulting firm Oliver Wyman for advisory services, bypassing government contract execution rules. The project is exempt from certain investment project registration requirements. The investment company will reimburse […]
By John Lee. Iraqi Prime Minister Mohammed Shia al-Sudani and Turkish President Recep Tayyip Erdogan presided over the signing of a quadrilateral memorandum of understanding (MoU) between Iraq, Turkey, Qatar, and the UAE in Baghdad on Monday. The MoU focuses on mutual cooperation for the strategic "Development Road Project" and was signed in the presence […]
By John Lee. The Iraqi Prime Minister has confirmed that Iraq has agreed with Abu Dhabi Ports (AD Ports Group) on a partnership to operate the new Al-Faw Grand Port. Addressing a round table held by the Bilateral Chamber in Houston, Texas, as part of his official visit to the United States, Muhammad Shiaa Al-Sudani […]
By Sardar Aziz for Chatham House. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Why the Iraqi ruling elites pivot to China Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. By February 2024, Chinese firms […]
By Harith Hasan, for Carnegie Middle East Center. Any opinions expressed here are those of the author(s) and do not necessarily reflect the views of Iraq Business News. Iraq's Development Road: Geopolitics, Rentierism, and Border Connectivity Iraq's Development Road project aims to create an Iraqi transborder transportation network connecting the Persian Gulf with Türkiye. This […]
By John Lee. Abu Dhabi's AD Ports Group this week welcomed an Iraqi delegation headed by His Excellency Mr. Razzaq Muhaibas Al-Saadawi, Iraq's Minister of Transport, alongside key figures and leaders in business, investment and development sectors. The focus was on a number of projects pivotal to international transport, logistics services, economic cooperation in the […]
