Iraqi PM Meets With Egyptian Multinational Electrical Company

2024-06-04 09:01:30

(MENAFN- Iraq Business News) By John Lee.

Prime Minister Mohammed Shia Al-Sudani met with Ahmed El Sewedy, CEO of Egyptian multinational electrical company El Sewedy Electric on Monday.

The meeting focused on government efforts in economic reform, boosting industrial and agricultural activities, and enhancing the investment environment to attract major global companies across various sectors.

PM Al-Sudani highlighted investment opportunities in the gas and electricity sectors, the development of new industrial cities requiring comprehensive services, and opportunities in agriculture, including the establishment of modern irrigation equipment manufacturing plants. He emphasized Iraq's initiative in advancing the agricultural sector.

Ahmed El Sewedy expressed his company's readiness to invest and operate in Iraq, stating that El Sewedy Electric will develop cooperation mechanisms and agreements in multiple areas, to be announced soon.

(Source: PMO)

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