By John Lee.
Iraq's Prime Minister, Mohammed S. Al-Sudani, held a meeting on Monday, with Mr. Ahmed ElSewedy, Chairman of Egypt's ElSewedy Group, and a group of Egyptian industrial and commercial company directors, with several of the Prime Minister's advisers.
During the meeting, the Prime Minister emphasized the expanding economic cooperation between Iraq and Egypt, especially in partnerships with the Egyptian private sector. He noted that the investment opportunities available in Iraq, received from Arab and international companies, exceed $100 billion, showcasing significant economic growth across various sectors.
The discussions with the Egyptian delegation included reviewing the economic and financial model of the group, along with collaboration in sectors such as industry, education, energy, and infrastructure. They also explored investment opportunities and partnerships in the fields of petroleum resource enhancement, localization of power transformer manufacturing, smart meters linked to the electricity grid, and the production of carbon steel.
An agreement was reached to study the establishment of industrial cities in Baghdad, with the group presenting a project roadmap that will be reviewed by the Prime Minister Advisory Commission and relevant Iraqi government agencies.
(Source: PMO)
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