Baghdad:Prime Minister Ali Al-Zaidi has announced the Iraqi government’s intention to invite Turkish President Recep Tayyip Erdogan to participate in laying the foundation stone for the “Development Road” project, contingent on the approval of the national budget. This project is positioned as a strategic element for boosting the Iraqi economy.

According to National Iraqi News Agency, Al-Zaidi discussed in a televised interview with the Iraqi News Channel that the implementation of the Development Road project will commence following the budget’s approval. He referred to the project as Iraq’s “third river,” underscoring its importance in enhancing the economy and strengthening Iraq’s role in regional and international transport and trade networks.

Al-Zaidi also disclosed plans to increase Iraq’s oil production to 10 million barrels per day by 2032, as part of broader initiatives to improve the oil sector’s production capacity.

Additionally, the Prime Minister highlighted efforts to diversify Iraq’s revenue sources, aiming to increase the share of non-oil revenues to 30% during the government’s term. He noted that non-oil revenues have already increased from 6%-8% to approximately 19%.

Al-Zaidi expressed optimism about economic improvement in the coming year, stating that citizens will start to experience the benefits of the government’s ongoing reforms.