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FRANK26: "SECURITY & STABILITY = ALL OF THIS"......F26

Egyptian companies are invading the Iraqi market. Al-Sudani's advisor reveals the secrets of their expansion.

3/18/2025

The Prime Minister's economic advisor, Mazhar Mohammed Salih, commented on Tuesday on the reasons for the recent increase in the presence of Egyptian companies in Iraq, stressing that the reason is due to the economic reforms and stability the country is witnessing .

"A country's capital wealth is measured by several indicators, including the extent of physical capital accumulation, particularly in the construction sector," Saleh told Shafaq News Agency. He noted that "Egypt is a leading country in this field, with its construction companies achieving significant success in development projects within Egypt, which has prompted them to expand their activities regionally."

He added, "The services program adopted by the Sudanese government as part of comprehensive economic reforms has contributed to creating an attractive investment environment for foreign companies, encouraging Egyptian companies to enter the Iraqi market strongly and contribute to development and reconstruction projects."

The economic advisor explained that "the political and economic stability in Iraq has boosted the confidence of foreign and Arab investors, including Egyptian companies, who have found promising opportunities to contribute to the implementation of major projects." He noted that "the strong historical relations between Iraq and Egypt have played a significant role in strengthening economic cooperation between the two countries."

Saleh pointed out that "the services government, headed by Al-Sudani, has placed economic facilitation and reforms at the top of its priorities, which has contributed to creating the appropriate environment for Egyptian companies to enter the Iraqi market and participate effectively in reconstruction and development projects."

On January 30, 2025, Iraqi Prime Minister Mohammed Shia Al-Sudani and his Egyptian counterpart, Mostafa Madbouly, sponsored the signing ceremony of a number of memoranda of understanding between the two countries .

The bilateral memoranda between Iraq and Egypt included 12 paragraphs, the most prominent of which related to trade, transportation, issues related to culture and antiquities, and other details .

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