Highlights of the New Route from Asia & Arabian Peninsula to Europe; The Development Road Project

September 24, 2024

The Development Road Project is a massive infrastructure initiative designed to create a trade corridor that connects the southern Iraqi port of Al Faw with Turkey, and ultimately extends into Europe. The project aims to reduce transport times and costs for goods moving between Asia and Europe, providing a quicker alternative to the Suez Canal.

Project is expected to lead to 10-15% increase of global trade by providing a faster and cheaper alternative to the Suez Canal!

2025 marks a pivotal year for driving Iraq’s transformative growth and development!

Development Road Project in Numbers

INVESTMENT
The project is expected to:

Cost 25 billion USD
Cost 10 billion USD for the total Railway infrastructure
Get 5 Billion USD investment from Türkiye, UAE and Qatar each.
Have a 80% Foreign Investment Share especially from Gulf nations
Have a 10 Billion USD Phase 1 Budget

OIL & GAS
The project is expected to:

Build an Oil Pipeline Capacity of 1 million barrels per day
Have a Pipeline Length of 1,000 kilometers, supporting Iraq’s energy exports
Support 2 million barrels of Iraq oil exports per day through Iraq’s pipeline network, integrated with the Development Road

LOGISTICS
The project is expected to:

Have a trade corridor length, from Basra to Türkiye, covering over 1,500 kilometers of road and rail infrastructure
Connect Basra to London, forming a continuous trade route between the Middle East and Europe
Reduce shipping time by 10 days between Asia and Europe (compared to the Suez Canal route)
Reduce Shipping Costs between Asia and Europe by 20-30%

MARITIME
The project is expected to:

Increase the capacity of The Grand Al Faw Port up to 20,000 TEUs, making it one of the largest ports in the Middle East
Generate $1 billion annually in port fees alone from the Grand Al Faw Port

RAILWAY
The project is expected to: