Dünya Newspaper / Bora Can Yıldız: "The infrastructure investments will be increased in Iraq”

Bora Can Yıldız, the Chairman of the Board of EID Construction represented Turkey in the Infrastructure Conference held in Dubai as a speaker. Stating that the market in Middle East still has a great potential despite of the investments that have already been made, Yıldız said: “Iraq needs 2,5 million new dwellings for the upcoming period. The government of Iraq allocated a budget of $ 36 billion for the construction of new dwellings until 2016. The number of the people dying because of the traffic accidents caused by the infrastructure problems is higher than the people dying in the explosions in Iraq. Iraq is in the search of companies to reconstruct the roads destroyed by the USA tanks. 500 new bridges and 4.500 km long road will be built in Iraq next year. The Turkish companies encounter many obstacles due to the tension between the central government of Iraq and Turkey. Despite this, the Iraqi and Turkish people desire to overcome such obstacles. If the companies go by the book in Iraq, they can get a share from the $ 1 trillion worth market in the medium term.”

There is a political tension 

Underlining that the Iraqi people have never left hospitality behind despite of the wars and poverty, Yıldız said: “Someone who was born in this region and lived here until his 30s has witnessed many wars since the beginning of his life. However, modesty, sharing and hospitality which no longer dominate in the Western countries are in the nature of the people living here. The western companies arriving at this region aim at making money and returning to their countries in a short time. However, the companies must set it as an objective to help the people here in the first place. The Turkish companies and Turkish people are welcomed here due to the common moral values and culture. Due to the tension between the governments, the Turkish companies encounter many obstacles. However, what is to be remembered is that this situation arises from the political reasons. There is a common legacy and history among the Turkish people, Iraqi people and Middle Eastern people. If the brotherhood and unity are achieved once again, the economic stability, safety and peace will be established as well.”