Shafaq News / On Monday, Iraqi PrimeMinister Mohammed Shia Al-Sudani confirmed that the available investmentopportunities in Iraq exceed $100 billion, noting the expanding economiccooperation between Iraq and Egypt.
Al-Sudani's remarks came during his meetingwith Ahmed ElSewedy, Chairman of ElSewedy Group, and a group of Egyptianindustrial and commercial company directors, with several of the PrimeMinister's advisers, according to a statement from Al-Sudani's Media Office.
During the meeting, Al-Sudaniexplained that “the investment opportunities available in Iraq, received fromArab and international companies, exceed $100 billion, showcasing significanteconomic growth across various sectors.”
The discussions with the Egyptiandelegation covered “reviewing the economic and financial model of the group,along with collaboration in sectors such as industry, education, energy, andinfrastructure. They also explored investment opportunities and partnerships inthe fields of petroleum resource enhancement, localization of power transformermanufacturing, smart meters linked to the electricity grid, and the productionof carbon steel.”
The statement further highlightedthat an agreement was reached to explore the establishment of industrial citiesin Baghdad, with the group presenting a project roadmap for review by the PM'sAdvisory Commission and relevant Iraqi government agencies.