Iraq going to connect Asia with Europe, will spend Rs 1400 crore

Industrial city will develop

According to Al-Sudani, a centerpiece of the project will be the development of Grand Fau Port and an adjacent “smart industrial city”. This planned project, which involves the construction of approximately 745 miles of railways and highways. This is a promising opportunity. According to al-Sudani, this would make the country of Iraq a source for modern industries and goods. However, information about how this project will be financed has not been given yet.

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What will be the benefit of India

India and Iraq have had good relations. This project will rely heavily on cooperation with Iraq’s allies. This scheme will make it easier to transport goods from Asia to Europe. In such a situation, India can also get its benefit in furthering its business faster. Iraq’s relations with the Gulf countries have been strained in recent decades. However, there have been signs of improvement in relations with the country’s neighbors. In January, Iraq hosted the eight-nation Arabian Gulf Cup in Basra. The country hosted the first international football tournament in more than four decades.