Turkey forecasts $55B boost from Development Road over 10 years

The Turkish Minister of Transport and Infrastructure, Abdulkadir Uraloğlu, affirmed that the Development Road project is expected to contribute approximately $55 billion to Turkey's economy over ten years, while creating around 70,000 jobs annually. The project aims to establish a logistical corridor connecting the Arabian Gulf to Europe through Turkey, reducing reliance on traditional transportation routes and enhancing Turkey’s capabilities as a global transportation and trading hub. It involves investments in various plans for roads and railways, with the goal of increasing production capacity to $114 billion and generating an average employment impact of 144,000 jobs per year. The Development Road is part of a broader strategy to strengthen Turkey’s geographical position and enhance regional and international trade networks.

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