"We hope Iraq will soon set free from the terror threat and will enable a solid domestic integrity to enable it to serve as a key factor in the process to build peace, both at home and in the region," Davutoğlu told a press conference early on Thursday at Ankara's Esenboğa Airport before he departed for Baghdad on a two-day official visit to the neighboring country.
Davutoğlu explained that Iraq has the capacity to become a rising economic power, not only in the region but also in the world by exploiting its rich natural resources for development, once it restores peace at home.
He maintained that Turkey can make contributions to Iraq's rebirth.
"We attach importance to opening new areas of cooperation with Iraq so as to make further use of the potential in transportation, energy, trade, agriculture and tourism," he said.
Davutoğlu said the mechanism created by the Turkey-Iraq High Level Strategic Cooperation Council, established in 2009, was disrupted because of the recent instability and violence in Iraq.