Baghdad – IA
Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani affirmed the continuation of supporting financial and banking reforms to enhance the investment environment, while indicating that about 40 applications had been submitted to establish local pharmaceutical factories.
The Prime Minister’s Media Office said in a statement received by the (INA): “Today, Prime Minister Muhammad Shiaa Al-Sudani received a delegation that included a number of businessmen, economists, the private sector, and directors of Egyptian companies from various sectors.”
The Prime Minister expressed “the government’s desire to strengthen cooperation between Egyptian companies and the various investment and industrial sectors in Iraq, as well as to enhance partnership and exchange with the Iraqi private sector,” stressing “continue to support financial and banking reforms to enhance the investment environment and grant it the necessary facilities.”
He praised “the experience of Egyptian companies and their success in the sectors of housing, real estate development, and various industries,” stressing “the importance of the opportunities available to them to enter the Iraqi pharmaceutical industry sector.”
Al-Sudani also explained during the meeting that “the path of the government program effectively adopts the development of industry and investment agriculture in Iraq,” pointing out that “there is a package of measures that have been implemented, which gave practical momentum to the industrial sector, as about 40 applications were submitted to establish local pharmaceutical factories.” “.
He touched on “the second phase of the new residential cities, and their great need to establish factories for construction materials, in addition to proceeding with the completion of the Bismaya Residential City. These are promising opportunities available to Egyptian companies known for this activity at the global level.”
For their part, Egyptian businessmen expressed “the practical desire to enter the Iraqi market and cooperate with the Iraqi private sector, or with investment plans and infrastructure projects,” stressing that “Iraq has become an attractive environment for investment and businessmen and to open new areas of cooperation and partnership, providing more opportunities and enhancing Communication and mutual development between the two brotherly countries.”