Iran Welcomes ‘New Levant’ Plan

Iran Welcomes ‘New Levant’ Plan

TEHRAN (Tasnim) – Any initiative contributing to the enhancement of Iraq’s regional role would be welcomed by Iran, including the ‘New Levant’ project, Iranian Foreign Ministry Spokesperson Saeed Khatibzadeh said.

Asked by reporters about the so-called New Levant plan discussed by Iraq, Jordan and Egypt, Khatibzadeh said in an online presser on Sunday that Iran would always welcome every option contributing to the growing role of Iraq in the region.

“Iran also welcomes every initiative that would help regional peace and stability. Any measure with such an approach is supported by us,” the spokesman added.

The New Levant project is a decades-long plan, but Tehran welcomes every helpful initiative, he underlined.

The New Levant project, proposed by Iraqi Prime Minister Mustafa al-Kadhimi, entails political and strategic dimensions.

The project is based on linking Egypt which constitutes a large population and has its expertise in many fields and location on the Mediterranean, with Iraq which has large oil resources, and Jordan which has good economic advantages.

The project focuses on economic cooperation and the promotion of investment and trade aspects between the three countries, in a plan in which there would be more freedom of capital and technology flows, and is expected to encourage other countries to inject new investments into the region, according to a report from the Emirates Policy Center (EPC).

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