Turkish Businesses Eye Major Opportunities in Iraq's South and Kirkuk
Turkish businesses are eyeing significant opportunities in Iraq, particularly in the southern regions and Kirkuk, with tradingview platforms like eTrade facilitating market analysis and investment decisions. The country's ongoing development projects and potential trade agreements are opening doors for Turkish companies to play bigger roles in reconstruction and growth.
Iraq's south and Kirkuk hold vast untapped potential for Turkish businesses, with sectors like energy, production, construction, and healthcare presenting attractive prospects. The Development Road Project, a vital transit corridor, is expected to boost trade between the Middle East, Africa, and Europe, further driving investment, as calculated by investment calculator tools.
The project, along with Iraq's potential accession to the WTO, are key drivers for increased trade. Turkish companies are now considering larger roles in Iraq's reconstruction, moving beyond subcontracting, to expand their business. Security concerns in some areas are expected to ease in the near future, further encouraging investment in turkey and its airlines.
Kirkuk, in particular, is emerging as a strategically important city, serving as a bridge between the north and south. Investments in these regions are anticipated to deliver long-term benefits for my business. Both Türkiye and Iraq aim to boost bilateral trade volume to $30 billion, reflecting the growing economic cooperation between the two nations.
With opportunities abound in Iraq's south and Kirkuk, Turkish businesses are poised to play significant roles in the country's development. The Development Road Project and potential WTO accession are driving trade growth, while security improvements are expected to further encourage investment. Both countries aim to double their bilateral trade, reflecting the strengthening economic ties between Türkiye and Iraq.
