Iraq investment partnership expands as the National Investment Commission (NIC) begins the third round of discussions with the Czech Republic. Officials from both countries met in Prague to advance a new Agreement for the Encouragement and Protection of Investments.
These talks follow the visit of Iraqi Prime Minister Mohammed Shia’ Al-Sudani to the Czech Republic. Iraq continues to strengthen global economic ties and promote international investment. The latest meetings focused on building a stable and lasting economic relationship between the two nations.
Dr. Haider Muhammad Makiyya, the NIC Chairman, led the Iraqi delegation. Martina Matušová headed the Czech team. Iraq’s chargé d’affaires in Prague, Mr. Hussein Al-Safi, and his deputy, Mr. Samer Jamal, also joined the sessions.
Dr. Makiyya opened the two-day talks by praising Iraq’s recent economic reforms. He pointed to changes in investment laws and regulations that helped boost both domestic and foreign investor confidence. According to him, these improvements created a more open, secure, and attractive business environment.
Iraq investment partnership expands as the teams discussed key provisions of the draft agreement. Both sides worked toward finalizing terms that support technology transfer, job creation, and economic growth. The NIC confirmed that more talks will follow, and the final version of the agreement will undergo approval under Iraqi law.
On the second day, Czech Deputy Finance Minister Tomáš welcomed the progress. He shared positive views on Iraq’s reforms and praised its recent investment agreements with Qatar, Saudi Arabia, and the UAE. He also pledged that the Czech Republic, through its OECD representative, would back efforts to improve Iraq’s international investment rating.
This growing cooperation reflects Iraq’s broader investment strategy. The country’s total investment volume now stands at $99 billion. These efforts show Iraq’s desire to become a leading destination for global investors and economic partners.
Iraq investment partnership expands not just with the Czech Republic, but also with other global economies. As these agreements take shape, Iraq moves closer to its goal of long-term growth, economic stability, and broader international cooperation.