IJO -INTERNATIONAL JOURNAL OF BUSINESS MANAGEMENT ISSN 2811-2504 Hayriye Çakıcı Baskın.* https://ijojournals.com/ Volume 07 || Issue 07 || July, 2024 || Will the Development Road Project be a Threshold for the Islamic Common Market Initiative? Will the Development Road Project be a Threshold for the Islamic Common Market Initiative? Hayriye Çakıcı Baskın Orcid:0000-0002-7820-3321 Prof. Dr. Celil Uğur Özgöker Orcid: 0000-0002-0075-7295 İstanbul Arel University Abstract In 2024, a ‘Memorandum of Understanding on Joint Cooperation on the Development Road Project’ was signed between Turkey, Iraq, Qatar, and the United Arab Emirates. This road will open the Persian Gulf hinterland to Europe via Turkey. Although it is a protocol signed by only 4 countries, all countries in the Middle East will benefit from the opportunities of the road. However, for the project to work, an atmosphere of peace must be established in the region. In this context, it should be ensured that the signatures signed in this context will evolve step by step into permanent peace in the Middle East and eventually into the Islamic Common Market. This study focuses on the effects, contributions, and benefits of an EU-like integration in the Middle East, based on supranational structure and economic cooperation. For this purpose, the steps that will end the conflict and war between the Middle Eastern states and the exploitation and absolute superiority of the West are discussed in historical context and by comparing them with the EU. As a result, to end the conflicts in Palestine, Syria, and other regions, to ensure the well-being of the people in the Middle East and the welfare of those living there, it is necessary to establish a common market, to produce policies for the benefit of everyone and to eliminate future dangers by acting together. The first step could be the Development Road Project. Therefore, all actors should endeavour in good faith for the success of the project. Keywords: Development Road, Islamic Common Market, integration of the Middle East with the supranational structure Introduction The Middle East has been the center of civilization throughout history. The production of the first writing, the discovery of fire and the invention of the wheel, the establishment of the first library, the first units for measuring time such as clocks and calendars, the first written peace treaties, etc. were all realized in the Middle East. All three Abrahamic religions originated in the Middle East. Naturally, their holy places are also in the Middle East. DOI 10.5281/zenodo.13133065 IJO JOURNALS Volume 07 | Issue 07 | July 2024 | https://ijojournals.com/index.php/bm/index 1