knowledge sharing, technology transfer and the joint use of
resources.
“This will help ensure that our projects have a broader, more
lasting impact,” he added.
He expressed confidence that the initiative would promote
inclusive and sustainable growth in both countries, strengthen
regional economic stability and further deepen the longstanding
ties between Türkiye and Iraq.
“At the Türkiye Wealth Fund, we place great value on building
long-term relationships based on trust and shared values—not just
economic interests,” Ermut said. “Today’s agreement is a clear
reflection of that vision. I thank everyone involved in making this
important step possible, especially the officials and stakeholders
from both countries.”
– ‘For the first time, Iraq and Türkiye are launching long-term
strategic projects beyond trade’
Al-Najjar welcomed the TVF delegation to Baghdad and said their
visit marked a significant milestone—not only for the Development
Road Project but for broader partnerships between the two
countries.
“For the first time, Iraq and Türkiye are moving beyond trade to
engage in long-term strategic projects,” he said, adding that the
MoU lays the foundation for future joint ventures.
– What does the agreement include?
The memorandum sets the stage for deeper bilateral cooperation
and aims to build impactful partnerships at both regional and
global levels. It establishes a structured mechanism for jointly
developing, financing and implementing projects, with the first
tangible outcomes expected by May 2025.
The MoU includes commitments to innovation-driven investments in
critical sectors such as renewable and green energy, information
and communication technologies, infrastructure, transportation and
logistics, automotive, agricultural technologies and food
production, as well as financial services and fintech.
Beyond investments, the agreement emphasizes collaboration in
knowledge sharing, technology transfer and the strategic allocation
of resources. The partnership is expected to support inclusive and
sustainable economic development in both Türkiye and Iraq,
reinforce regional economic stability and growth, and deepen the
countries’ longstanding strategic ties.