DUBAI, UAE - During Prime Minister Mohammed Shia' al-Sudani's recent visit to Egypt, major Egyptian companies expressed strong interest in investing across various sectors in Iraq, including infrastructure, industry, contracting, and pharmaceuticals. 

Alaa Ezz, Secretary-General of the Federation of Egyptian Chambers of Commerce, told Iraqi state media that “economic relations between Iraq and other countries, especially Egypt, are robust.” 

Ezz noted that during Sudani's visit, there was a request for cooperation in several sectors, with a particular focus on construction, infrastructure, and pharmaceuticals.

Ezz also revealed that 21 major Egyptian companies are currently operating in Iraq, adding that there is a significant desire from Iraq for increased Egyptian investment and announced plans to connect Egyptian investors with owners of stalled factories in Iraq for reactivation or rehabilitation.

Mohammad Sa'da, Secretary-General of the Chamber of Commerce in Egypt, highlighted that Egyptian companies have seen significant advancements in infrastructure over the past decade. He emphasized that “these companies could meet Iraq's infrastructure needs and bring valuable expertise to the country.”

The Iraqi government has been working on an ambitious development program for the past two years, leveraging its natural and human resources to capitalize on its strategic geographical position. 

During his visit, Sudani welcomed Egyptian investors to Iraq and stressed that the doors are open for further investment in various sectors. He emphasized the importance of public-private partnerships and updating production lines to foster economic growth.

Sudani also underscored the strategic relationship between Iraq and Egypt, noting that Iraq is currently in a phase of recovery and stability following its fight against terrorism, thanks to the collective effort of its diverse population.