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Iraqi Prime Minister Encourages South African Companies to Explore Investment Opportunities

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rafidayn24 Oct 25, 2026
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Iraqi Prime Minister Encourages South African Companies to Explore Investment Opportunities

Iraqi Prime Minister Ali Faleh Al-Zaydi urged South African companies to seize the investment opportunities available in Iraq during his meeting with South Africa's Minister of Defence and Veterans Affairs, Angie Motshekga, and her accompanying delegation. During the meeting, Al-Zaydi received a written message from South African President Matamela Ramaphosa expressing appreciation for the friendship and cooperation between the two countries, highlighting Iraq's strategic location and promising economic potential that offers significant opportunities for fruitful collaboration between the friendly nations. The discussions included two initiatives focusing on the oil and energy sectors, as well as security and defense industries. Al-Zaydi emphasized the importance of benefiting from South Africa's industrial experience, inviting companies to localize industries within Iraq, and indicated that the government will provide all necessary facilities to support their operations. Minister Motshekga expressed her country's desire to strengthen and enhance relations with Iraq across all fields, based on Iraq's considerable importance and its significant economic and developmental capabilities.