Al-Sudani hails investment prospects for Iraq and Oman in Salalah forum

NEWSROOM — Prime Minister Mohammed Shia Al-Sudani on Thursday attended the Iraqi-Omani Businessmen Forum in Salalah with his ministerial delegation, calling the event a turning point in relations between the two nations.

In his remarks, Al-Sudani praised the organizers and said the visit “lays the foundation for a genuine new phase in bilateral relations.” He announced that 24 memorandums of understanding and two agreements had been signed across multiple sectors, describing them as “a clear roadmap for government institutions to implement the outcomes of bilateral discussions.”

Full statement from Al-Sudani’s office:

Prime Minister Mohammed S. Al-Sudani attended today, Thursday, the Iraqi-Omani Businessmen Forum, held in the city of Salalah, accompanied by his ministerial delegation.

In his remarks, Prime Minister Al-Sudani commended the organizers for their efforts and affirmed that the visit lays the foundation for a genuine new phase in bilateral relations. He noted that 24 memorandums of understanding and two agreements were signed across various sectors, forming a clear roadmap for government institutions to implement the outcomes of bilateral discussions. He emphasized the vast investment opportunities available for Iraqi business leaders in Oman, as well as the potential for Omani companies to actively participate in Iraq’s development efforts.

The Prime Minister stressed the importance of leveraging these opportunities amid an increasingly competitive global economic landscape, and of translating shared interests and strong bilateral ties into meaningful contributions that support sustainable development and deliver tangible benefits to both peoples, highlighting the critical role of the private sector in both Iraq and Oman, and the promising avenues for cooperation, especially in light of government support through legislation, regulatory reforms, and efforts to reduce bureaucratic barriers.

Prime Minister Al-Sudani further noted that the Iraqi government offers sovereign guarantees of up to 85% of the total value of investment projects, along with continuous improvements to the investment climate. Iraq, he explained, still possesses substantial untapped natural resources, particularly in the sulfur and phosphate sectors, and the government is committed to advancing its economic reform agenda and the volume of imports, which amounts to 70 billion US dollars annually.

Media Office of the Prime Minister
September 4, 2025