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Al-Sudani's economic portfolio.. An Iraqi move towards "major American companies" for investment
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Baghdad today - Baghdad
Today, Monday (April 15, 2024), the Investment and Development Committee in the House of Representatives revealed Prime Minister Muhammad Shiaa Al-Sudani’s efforts to bring major American companies to invest in Iraq.
Committee member Muhammad Radhi told Baghdad Today, “The economic and investment files are a priority during Sudanese’s visit to Washington, and for this reason he will seek to bring major American companies to invest in various fields, especially since there is an investment environment in Iraq.”
Radi predicted that "the Sudanese will succeed in bringing major American companies to invest in Iraq," noting that "after his return, there will be American and even other international companies, working to obtain various investment opportunities, and this matter has great and important economic and urban benefits."
Earlier, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, said that Iraq is linked to the United States by cohesive ties and foundations, the principles of which were outlined in the strategic framework agreement signed between the two countries in 2008 and ratified by the Iraqi Parliament .
Saleh stated, “Attention will be focused on providing a climate of promising opportunities through which major companies in the United States can contribute to major strategic development projects in Iraq, whether in the path of development or otherwise, especially in the fields of renewable energy, gas, and digital technology, and basic federal projects in the fields of “Transportation, communications, agriculture, investment in natural resources and important aspects of the manufacturing industry . ”
He explained that what we see today of “positive developments” in the relationship between Iraq and the United States “will turn the page on the past and open a page based on direct economic relations and productive investment opportunities, with a first priority that precedes other priorities, including the establishment of solid banking relations between the two countries that will help them grow and prosper.” That the banking reform policy in place today in our country contributes to adding an element of strength to the financing relations between the two friendly countries .
Counselor Saleh also believes that the economic aspect (investment, development and financing) “will be activated for the first time in this broad form of the strategic framework agreement in order to be consistent with the data and principles of the government program in a way that serves the interest of stability and economic prosperity in Iraq.”
The Sudanese visit to Washington is dominated by the idea of creating an alternative and new relationship between Iraq and the United States of America that is not limited to the military and security aspects. Therefore, economic figures and others specialized in the environment, energy, pharmaceutical industry and other sectors dominated the list of the delegation accompanying the Sudanese, which consists of about 130 figures.
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