Mazhar Saleh, the Prime Minister’s Advisor for Financial Affairs, stated that Iraq’s stability and ongoing economic reforms have encouraged Egyptian construction firms to participate in major projects within the country.
Speaking to Shafaq News, Saleh noted that Egypt is a regional leader in the construction sector, with its architectural firms achieving significant success in domestic development projects, enabling them to expand their presence across the region.
The Iraqi government’s commitment to comprehensive economic reforms has fostered a favorable investment environment for international businesses, prompting Egyptian companies to invest in Iraq’s development and reconstruction initiatives.
Saleh emphasized that global and Arab investors, including Egyptian firms, have identified promising opportunities to contribute to large-scale projects in Iraq, driven by the country’s political and economic stability.
Additionally, Saleh pointed out that Iraq and Egypt share strong historical ties, which have played a vital role in strengthening their economic partnership.
In January, Iraqi Prime Minister Mohammed Shia Al-Sudani and Egyptian Prime Minister Mostafa Madbouly attended a ceremony where several memoranda of understanding were signed between the two nations.
