Development Road project expected to add $55 billion to Türkiye's economy

Uraloğlu spoke at a conference titled “Changing Global Transport Geopolitics and the Development Road Project”, organised by the SETA Foundation. He said tensions around the Strait of Hormuz and the Russia-Ukraine war have created vulnerabilities, prompting countries to seek safer, shorter, more predictable and sustainable routes.

Uraloğlu said Türkiye's geographic and geostrategic advantage comes into play at this point. “As a Türkiye that sits at the heart of the Middle Corridor, manages the Turkish Straits and builds the Development Road, we are clearly proving on the table and on the ground: there is no corridor without Türkiye,” he said.

The Development Road aims to create a new trade and logistics corridor along the Asia-Gulf-Iraq-Türkiye-Europe route. Uraloğlu said the project is expected to contribute about $55 billion to the country's economy over a 10-year period. He added that the placement of production and logistics centres is expected to create employment for an average of 70,000 citizens each year.