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Iraqi Prime Minister Sudani Advances Economic Ties with US Corporations in Washington Meeting

Gulan Media April 18, 2024 News
Iraqi Prime Minister Sudani Advances Economic Ties with US Corporations in Washington Meeting

Prime Minister Mohammed Shia' al-Sudani of Iraq embarked on a strategic mission to bolster bilateral economic relations, convening with CEOs and representatives from leading American companies in Washington D.C. The meeting, facilitated by the US Chamber of Commerce, focused on Iraq's investment climate and governmental support for the private sector, according to a statement released by Sudani's media office on Thursday.

Key outcomes of the high-profile gathering included the signing of multiple Memorandums of Understanding (MOUs) between Iraqi ministries and American corporations, with a particular emphasis on the energy and pharmaceutical sectors. The Iraqi leader underscored Iraq's commitment to economic reform, showcasing the nation's stability amid regional challenges.

During his address, Prime Minister Sudani outlined ambitious plans for achieving self-sufficiency in gas production within the next 3-5 years and initiating integrated projects across various provinces. Noteworthy among these plans is the establishment of a fixed platform for liquefied natural gas reception, offering lucrative opportunities for international companies.

The proactive engagement of Prime Minister Sudani underscores Iraq's eagerness to attract foreign investment and foster sustainable economic growth. With a focus on enhancing bilateral economic ties, this meeting marks a pivotal step towards realizing mutual prosperity and cooperation between Iraq and the United States.

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