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The Israeli Ministry of Foreign Affairs on Thursday revealed details of the regional railway project launched by its minister, Yisrael Katz, aimed at promoting peace in the region and boosting trade in the region.
The ministry has published in its account in Arabic a video showing the details of the plan, an extraordinary initiative to connect the Mediterranean Sea to the Persian Gulf by extending the railways.
The initiative relies on the use of Israel as land bridge and Jordan as a regional hub, with a regional rail network that will transport cargo and cargo in the future. pbadengers between the United States, Europe and the Mediterranean to the west and between the Gulf States, Saudi Arabia and Iraq to the east.
This initiative will create shorter, faster, cheaper and safer regional trade routes and contribute to the future strengthening of the economies of Jordan, Palestine, Saudi Arabia, the Gulf and even Iraq.
The Israeli Foreign Ministry said the existing infrastructure in Israel, Saudi Arabia and the Gulf countries would allow the implementation of this initiative in a relatively short time.
The plan refers to the Haifa Hijaz Historic Road, which was reopened in 2016. This line will be developed to the Jordanian border to the Jordanian border crossing, as well as to the Jalameh crossing. and Jenin to allow Palestinians to connect to this line and then expand to Jordan, Saudi Arabia and the Gulf States. Promote the economic growth of Palestinians.
A large and modern freight loading station will be set up in Jordan to transport cargo to all countries in the region, which will significantly strengthen the Jordanian economy.
The steel network of Saudi Arabia, which currently includes a north-south line connecting the Jordan-Saudi Arabian border and the Persian Gulf, will be developed with a view to the expected growth of trade in the region .
"This will make the initiative profitable in 10 years and revive the Iraqi economy," the ministry said.
The volume of trade on the land bridge will reach about 250 billion dollars in 2030, which is four times the volume of trade currently pbading through Israeli ports.
The transport of goods by road and by rail will depend on the security risks posed by Iran in the straits of Hermes and Bab al-Mandeb. This initiative could strategically strengthen the camp of moderate countries in the region. She said.
And stressed the need for cooperation between the public and private sectors to implement this game that will change the face of the region and strengthen the economies of their countries and contribute to strengthening stability and advance peace.
Source: Jerusalem
This article is adapted and the source of the original article is:
BBC News
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