Prime Minister Encourages South African Firms to Explore Investment Opportunities in Iraq

Prime Minister Ali Faleh Al-Zaidi urged South African companies to seize the available investment opportunities in Iraq. During a meeting with South Africa's Minister of Defense and Veterans Affairs, Angie Motshekga, Al-Zaidi received a written message from South African President Matamela Ramaphosa expressing appreciation for the bilateral relations and cooperation between the two countries. The statement highlighted Iraq's strategic location and promising economic capabilities that provide significant opportunities to enhance fruitful cooperation, particularly in the fields of oil and energy, as well as security and defense industries. Al-Zaidi emphasized the importance of benefiting from South Africa's industrial experience, inviting companies to localize industries within Iraq and affirming the government's commitment to facilitating the operations of these companies. For her part, Motshekga expressed her country's desire to strengthen and develop relations with Iraq across various sectors, based on Iraq's substantial economic and developmental potentials.