Turkey is poised to reap significant benefits from the expansive transportation and infrastructure project recently announced by Iraqi Prime Minister Muhammad Shia al-Sudani. With its strategic location bridging Asia and Europe, Turkey stands to gain in multiple ways, enhancing its position in global trade and geopolitics.

1. Energy Transportation Hub: Turkey's proximity to the energy reserves in the Middle East and the Caucasus, coupled with its strategic location between Asia and Europe, positions it as a key energy transportation hub. The ambitious infrastructure project will bolster Turkey's ambition to become a central player in energy transportation, facilitating the safe and cost-effective transfer of energy resources from Iraq, Qatar, Iran, and even the Gulf countries to global markets. As the Arabian Gulf region holds two-thirds of the world's oil reserves and over a third of natural gas reserves, Turkey's pivotal role in this project solidifies its status as an energy gateway to the world.

2. Trade and Economic Opportunities: The Asia-Europe infrastructure project promises to bring forth a myriad of trade and economic opportunities for Turkey. By becoming an integral part of the route connecting Asia and Europe, Turkey can expect increased trade flows, attracting investments and fostering economic growth. The improved connectivity will not only benefit Turkey's domestic industries but also provide avenues for exporting Turkish products to the region. Moreover, the project will strengthen cooperation between Turkey and Gulf countries, opening doors for enhanced trade relations and economic collaborations.

3. Geopolitical Influence: Turkey's involvement in the Asia-Europe infrastructure project elevates its geopolitical significance on the global stage. The project positions Turkey as a key player in the region's geopolitics, given its central role in facilitating trade and transportation between Asia and Europe. As traditional waterways such as the Suez Canal, Bab al-Mandab Strait, and Strait of Hormuz face alternative routes, Turkey gains leverage by offering a shorter and more reliable pathway. This newfound influence enhances Turkey's diplomatic relations and strengthens its position as a crucial regional actor.

4. Value to Global Connectivity: The completion of this ambitious infrastructure project holds great value for global connectivity. As an alternative to existing congested and potentially vulnerable waterways, the project offers a safer and more efficient route for trade and investment between Asia and Europe. This enhances the resilience and reliability of global supply chains, ensuring uninterrupted flow of goods and services. Turkey's active participation contributes to the project's success, elevating its global standing and cementing its role as a facilitator of international trade and connectivity.

Turkey's participation in the Asia-Europe infrastructure project brings immense benefits, both domestically and on the global stage. As a strategic energy transportation hub, Turkey will play a vital role in connecting energy resources from the Middle East and the Caucasus to global markets. The project's impact on trade, economic opportunities, and geopolitical influence solidifies Turkey's position as a key player in the region, while also contributing to global connectivity and resilience. By seizing the opportunities offered by this ambitious project, Turkey stands to enhance its economic growth, strengthen diplomatic ties, and emerge as a prominent actor in the ever-evolving landscape of global trade and geopolitics.

Edited by: Aldar Real Estate ©

Source: Anadolu Agency