Oil, energy and other fields

Al-Sudani meets with 57 international companies in Davos

January 16 — Prime Minister Mohammed S. Al-Sudani Engages in Business Meeting in Davos with 57 International Companies Specialized in Oil, Energy, and Various Economic Fields

Prime Minister Mohammed S. Al-Sudani participated in a productive business meeting, engaging with the heads and representatives of 57 international companies specializing in energy, oil and gas, and various economic fields. This meeting took place on the sidelines of the Davos 54th Annual Meeting of the World Economic Forum in Switzerland.

His Excellency outlined the government’s advanced plans in the realms of development and economic reform. The discussion encompassed substantial investment opportunities including the Industrial City Project, the Grand Faw Port project, the vital Development Road Project, and integrated oil field projects.

Prime Minister Al-Sudani highlighted the solar and renewable energy projects with Chinese and Emirati companies. Emphasizing the government’s extensive focus on gas investment projects, he outlined plans to expand investment opportunities in this promising sector. Additionally, the Prime Minister highlighted the ongoing residential projects and outlined future initiatives planned in all governorates of Iraq.

His Excellency emphasized the significance of the implemented banking reforms, undertaken by the Central Bank of Iraq. These reforms aimed to establish communication with international banks, ensuring compliance with global financial and banking standards.

The Prime Minister underscored that the stability and security of the region depend significantly on Iraq’s stability. Any attempt to destabilize Iraq’s internal situation or threaten its security, he emphasized, would have repercussions on the regional and international security of the Middle East.

The meeting was attended by the Minister of Foreign Affairs, the Minister of Oil, the Governor of the Central Bank of Iraq, and several advisors to the Prime Minister.

Media Office of the Prime Minister
January 16, 2024