29.9 C
Nicosia
Sunday, September 15, 2024
type here...
Economy

“Turkish” road will connect Asia with Europe

0
19

Must read

Erdogan is looking for investors for the 20 billion project

«ουκς»δοσθσν&delta ;ει Αεερπ /></p> <p>In an effort to promote his plan for a $20 billion trade route, the Development Road, which will connect the countries of the Persian Gulf with Europe, but also to secure financing for its implementation, the Turkish president met yesterday in Istanbul with the transport ministers of Qatar and the United Arab Emirates.</p> <p>Tayyip Erdogan is targeting funds from the United Arab Emirates and Qatar to build a network of roads and railways linking Asia to Europe. Turkey's plan envisages that the arterial roads would start from Iraq's port of Fo on the Persian Gulf and pass through its northern border with Turkey, while the rail link would cross the Bosphorus Strait to Istanbul, ending in Europe. It will have a total length of 1,200 kilometers and will act as an alternative to the Suez Canal.</p> <p>The plan is competitive with the Economic Corridor that will connect India with the Middle East and Europe through Piraeus.</p> <p>The Development Road plan in question tends to be competitive with the Economic Corridor jointly announced in September by the US, the E.U. and G20 leaders, and which will connect India with the Middle East and Europe – the UAE is also involved. Erdogan maintains, however, that his own Development Road will be shorter, while the demand for commercial freight transport is and will remain large enough to support both plans. Having been a hub on the ancient Silk Road in the distant past and investing heavily in its geographical position that connects East and West, Turkey is seeking to occupy a key position on trade routes as competition between countries intensifies and China expands its influence. in the energy-rich countries of the Middle East. As analysts point out, it may consider that the Economic Corridor undermines its strategic importance and may be disturbed because goods will reach Europe through Greece and the port of Piraeus.</p> <p>After all, the Turkish president's statement last September, after the announcement of the Economic Corridor, was indicative, when he was asked about it by journalists and emphasized that Turkey is carefully monitoring all developments regarding trade corridors as they concern it, given its geographical position . He had emphasized, in fact, that “countries are trying to expand their trade routes and expand their influence, and we insist that there cannot be a corridor without Turkey, the most suitable route for transportation from East to West must pass through through Turkey”. Commenting on yesterday's meeting, Turkey's state television quoted a recent statement by Turkish Transport Minister Abdulkadir Uralogku, who emphasized that “the Development Road will enhance the sustainability of global trade by creating different international trade corridors”.</p> <p>From for their part, the Arab Emirates have expressed their interest in investing in Turkey in the fields of logistics, energy, tourism and agriculture, without, however, referring to specific plans. Since October, Turkey has been in regular contact with officials of Abu Dhabi's sovereign wealth fund for the financing of the railway line envisaged by the Development Corridor.</p> <p><noindex></p> <div class=Source: www.kathimerini.com.cy

Previous article
PASYXE: At 80%-85% hotel occupancy in August
Next article
Omonia: The… four of Valdas
- Advertisement -AliExpress WW

More articles

- Advertisement -AliExpress WW

Latest article

© 2024 Cyprus Digest. All rights reserved.

Popular in Cyprus

About Us

Popular Category

Editor Picks

MORE STORIES

The X-ray of the Draghi report