Erdogan seeks to attract capital from the UAE and Qatar to launch the Asia-Europe corridor

According to the international group Tasnim News Agency, Turkish President Recep Tayyip Erdogan is on a trip this week. He will ask the Arab countries of the region, including the UAE and then Qatar, for an amount of about 23.5 billion dollars from these countries to invest in the establishment of transit from Asia to Europe. And the infrastructure of Turkey in an interview with Bloomberg, referring to the transit project that the Persian Gulf countries from Faw port in Iraq to Turkey and then to Europe stated: This project is an iron and asphalt communication line that connects the two continents of Asia and Europe through the strait. Istanbul connects.

He added: This project needs about 8 to 10 billion dollars of investment in the first phase, which will reach 20 billion dollars. About 3 to 3.5 billion dollars are needed for the railway. This transit route, called the Development Road, is shorter than the Middle East-India trade corridor that was announced by the US in September. Turkey hopes to get the necessary funds for this transit route from Faw Port in Iraq. to the borders of Turkey and then to Europe from the Arab countries of the region, including the UAE and Qatar.

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