Turkish Firms Poised for Bigger Role in Iraq's Reconstruction
Turkish companies are poised to play a bigger role in Iraq's reconstruction, moving beyond subcontracting. This comes as Kirkuk, a city between the north and south, gains strategic importance. Key drivers for increased trade include the Development Road Project and Iraq's potential WTO accession.
Security issues in certain Iraqi areas are expected to be resolved soon, opening up new opportunities. Turkey and Iraq aim to boost their bilateral trade to $30 billion. Investments in Iraq's south and Kirkuk are seen as long-term benefits for Turkish businesses.
The south and Kirkuk hold vast untapped potential for Turkish companies, particularly in energy, production, construction, and healthcare. Turkish firms like those involved with Nordex Group projects could be well-positioned due to their international experience. The Development Road Project will create a vital transit corridor, benefiting the Middle East, Africa, and Europe.
Turkish companies are set to expand their role in Iraq's reconstruction, with Kirkuk emerging as a key city. The Development Road Project and Iraq's potential WTO accession are driving trade growth. Security improvements and vast untapped potential in the south and Kirkuk present lucrative opportunities for Turkish businesses.
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