Iraq gains new Red Sea trade link as Saudi NEOM port advances Gulf logistics corridor

Iraq is positioned to gain access to new Red Sea trade routes connecting Europe, Egypt, and Saudi Arabia following a strategic agreement in the Gulf logistics corridor. The development stems from a new accord between the Port of NEOM and CEVA Almajdouie Logistics to investigate integrated cargo services linking the Red Sea with Gulf Cooperation Council (GCC) nations.

The initiative advances the broader regional logistics corridor by establishing direct trade connections. By bridging the Red Sea and Gulf networks, the project opens potential commercial pathways for Iraqi trade through Saudi infrastructure.