Turkish President Recep Tayyip Erdogan plans to raise $23.5bn from the UAE and Qatar to create a transport corridor connecting Asia with Europe, Azernews reports,

The projects include a railway and road network from the port of Fau in Iraq to the Turkish border and a railway connection across the Bosphorus.

Investment in the Iraqi project is estimated at $8-10bn, while the Bosphorus project is estimated at $3-3.5bn.

After the COP28 summit in Dubai, Erdogan will leave for Qatar.