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ELITE Vol.1, Issue 32, June 2021 ﺔﻴﺑﺮ #

The New Al-Sham project aims to restore the
region’s leading role by making the most of the
enormous economic returns of Iraq’s oil wealth
(the second largest reserve in the world), and

then strengthening the investment and
commercial aspects and activating diplomatic
mechanisms to resolve regional crises. And
investing the capabilities of the three countries,

with the aim of achieving economic integration,
as Egypt will pump its enormous human capital
and provide its large industrial sectors to The EU began with the Rome Agreement between
article title
support the gigantic economic project, while only 6 countries as an economic alliance and was
Iraq will present its oil potential, while Jordan called the European Coal and Steel Community. It
will present its important strategic location to was aimed at regulating the industrial production
reach the best results from the project on the of its members and this was the nucleus of the
ground. European economic bloc and after the success of

In fact, the beginning of the project was a study the experiment other European countries began to
prepared by the World Bank in 2014 to join until it turned after that to the EU in its
establish a major economic zone in the Middle current form and to protect it The military alliance

East. This study also included Saudi Arabia, NATO was established. This is why some analysts
Syria, Lebanon, Jordan, Iraq and Egypt. It was predict that the project will not stop at the three
also mentioned in the report that if these countries only or economic cooperation only, but
countries were this economic entity, they would will expand to include other countries. Finally,
be an economic bloc similar to The European what distinguishes this project from others is that

entity: as the total area is 2.5 million square it will achieve immediate economic and political
kilometres, and it contains a human reservoir of interests for the participating countries once the
more than a quarter of a billion people. It project is started on an actual economic level, for

contains great trade, tourism and economic example, it will achieve the long-term economic
capacities. In addition to the presence of partnership of the three countries and will open
common historical and cultural denominators the door to more economic cooperation for the
that bring together the peoples of the region companies of the three countries.
that will facilitate the alliance.

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