Al-Sudani from Basra: It is time for the Iraqi economy to be linked to the global economic cycle

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Al-Sudani from Basra: It is time for the Iraqi economy to be linked to the global economic cycle

On Saturday, Prime Minister Muhammad Shiaa Al-Sudani announced that his government is exploring partnerships with neighboring countries to establish economic projects, industrial cities, and free zones.

During the launch of Industrial Partnerships Forum in Basra Governorate, Al-Sudani expressed that they are currently studying economic projects, industrial cities, and free zones with Iran, Saudi Arabia, Jordan, and Kuwait.

The Prime Minister referred to the development road project as the “First Iraq” initiative, which will establish industrial cities from the Al-Faw port to the point of connection with Turkey.

During his opening speech at the forum, Khaled Battal Al-Najm, the Iraqi Minister of Industry and Minerals, announced 90 investment opportunities available for government companies and the private sector. These investment opportunities are spread across various sectors and represent a wide range of opportunities for companies. He also mentioned that the total value of these investments is estimated to be around 10 million dollars.