By John Lee.
Iraq's Prime Minister, Mohammed Shia Al-Sudani, met with leading Egyptian business representatives in El Alamein, Egypt, on Tuesday, during his official visit to the country.
The meeting emphasized the strategic relationship between Iraq and Egypt, highlighting the potential for economic integration between the two nations. Al-Sudani noted Iraq's ongoing recovery and stability, pointing to the country's ambitious development program initiated two years ago, which leverages Iraq's natural and human resources.
Al-Sudani invited Egyptian businesses to invest in Iraq's infrastructure and housing projects, which are set to begin soon. He highlighted Iraq's open doors to Egyptian investors, emphasizing the importance of their experience and the political support for increased cooperation.
The Prime Minister also mentioned significant investment opportunities in various industries, including a strategic partnership on the Development Road project and industrial zones, with key partnerships already established with Qatar, Turkey, and the UAE.
Egyptian business leaders expressed their readiness to invest in Iraq, particularly in sectors like transportation, pharmaceuticals, healthcare, infrastructure, and construction, indicating promising partnerships between the private sectors of both countries.
Following a separate meeting on Tuesday between Al-Sudani and Egyptian President Abdel Fattah El-Sisi, the two leaders committed to work to make their projects succeed and achieve their objectives to serve as a model for Arab cooperation and regional integration.
(Sources: PMO; Office of the Egyptian President)
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