The Prime Minister, Mr. Mohammed Shia Al-Sudani, held a meeting today, Monday, with the Chairman of the Egyptian El Sewedy Group, Mr. Ahmed El Sewedy, and a group of directors from Egyptian industrial and commercial companies, in the presence of several advisors to the Prime Minister.

His Excellency pointed out during the meeting the expansion of economic cooperation between Iraq and Egypt, especially in partnerships with the Egyptian private sector, affirming that the investment opportunities presented in Iraq and received from Arab and foreign companies exceeded 100 billion dollars, revealing a vast potential for economic growth in all aspects and fields.

The Prime Minister discussed with the Egyptian delegation the study of the economic and financial model of the working group and cooperation in sectors such as industry, education, energy, and infrastructure. The discussion also included exploring investment opportunities and partnerships in the sector of maximizing petroleum resources, localizing the production of electrical transformers, smart meters connected to the electrical grid, and the production of carbon steel and iron.

 
An agreement was reached to study the establishment of industrial cities in Baghdad, where the group presented a project map that will be reviewed by the advisory board and sectoral entities. 

The media office of the Prime Minister

October 21, 2024