Shafaq News/ The expansion of Egyptian companies in Iraq isa sign of the country’s economic reforms and increasing stability, according toMudher Mohammad Saleh, Economic Advisor to the Iraqi Prime Minister.
Speaking to Shafaq News on Tuesday, Saleh noted that Egypt’ssuccess in construction and infrastructure has driven its firms to expandregionally, including into Iraq. He attributed this trend to Iraq’s“investor-friendly” policies under PM Mohammed Shia Al-Sudani, which haveopened opportunities for foreign companies to participate in reconstruction anddevelopment projects.
The official emphasized that Iraq’s political and economicstability has bolstered investor confidence, making it “an attractivedestination for Egyptian firms engaged in large-scale infrastructure ventures.”He also highlighted the “deep historical ties” between both countries, whichcontinue to foster strong economic cooperation.
On January 30, 2025, Al-Sudani and his Egyptian counterpart,Mostafa Madbouly, oversaw the signing of 12 memorandums of understanding (MoUs)covering trade, transportation, culture, archaeology and other areas.
