Prime Minister Mohammed Shia Al-Sudani Meets Iraqi Business Leaders in Michigan

Baghdad-INA  
Prime Minister Muhammad Shia Al-Sudani confirmed today, Friday, that financial and banking reform has raised the percentage of contracts that comply with international standards to 80%.
 
 
The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA): that “Prime Minister Mohammed S. Al-Sudani met with a group of Iraqi business leaders residing in Michigan, as part of his official visit to the United States. The meeting took place early on Friday (Baghdad time).
During the meeting, the business leaders discussed the specialties and operations of their companies, expressing their willingness to engage in and contribute to the various investment opportunities in Iraq and participate in the country's reconstruction.
 
Prime Minister Al-Sudani affirmed that Iraq is experiencing a new reality in terms of private sector engagement, outlining the practical steps taken by the government and the support provided to the private sector. He highlighted achievements in financial and banking reforms, with contracting practices meeting international standards now at 80% according to international institutions.
 
Al-Sudani also discussed key government projects in the pharmaceutical industry and housing sector, including the development of new residential cities featuring tens of thousands of housing units, which provide employment opportunities for youth and stimulate the construction sector and related professions.
 
He encouraged Iraqi business leaders to seize the available investment opportunities and to bring production lines for factories of various specializations to Iraq. He noted that, for the first time, the budget for the next three years includes sovereign guarantees for the private sector, alongside the establishment of the Iraq Development Fund. This fund will collaborate with the private sector to implement vital projects, moving the economic wheel forward and realizing the government’s vision for sustainable development and a prosperous, strong Iraq.