Iraq’s Upcoming $17 BILLION Corridor That Will END The Suez Canal | Al Faw Port | Suez Canal Rival
For more than a century and a half, commerce between Europe and Asia has depended on navigating through the Suez Canal and Egypt. Recently, a new initiative was launched with the goal of altering trade routes, shifting the central hub away from Egypt to a different location. Iraq has embarked on an ambitious endeavour often referred to as a Modern Silk Road, envisioning an upgraded network of highways and railways extending from the Persian Gulf through Baghdad, Turkey, and into Europe. This megaproject comes with a price tag of $17 billion and includes the construction of one of the world's largest ports.
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Video Chapters:
0:00 Intro
1:07 Why The Suez Canal Is Important For Trade
1:57 Middle East’s Dependency On The Suez Canal
3:20 Origins of Iraq’s New Corridor
4:36 Iraq’s Aging Transport Network
5:46 New Al Faw Port
6:54 New Freeway Network
7:51 New Railway Network
9:33 Future Outlook of The Project
10:44 Iraq’s Competition With China & India
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