Iraq invites Iranian companies to explore new energy investment opportunities. At a recent joint meeting, Iraqi officials outlined key sectors open for cooperation. The envoy emphasized Iraq’s growing focus on building strong economic ties with Iran.
Samad Hassan-Zadeh, President of Iran’s Chamber of Commerce, joined the discussion. Both sides agreed to increase trade and launch joint ventures. Iraq aims to attract long-term investment from Iran in many important areas.
The envoy explained that Iraq now offers 27 renewable energy projects in 14 different provinces. In addition, the country plans two major oil and gas ventures. These projects form part of Iraq’s strategy to expand clean and traditional energy sources.
Moreover, Iraq is opening 22 investment slots in heavy and medium industries. Nine others exist in industrial zones and free trade areas. The envoy stressed that these zones offer good profits and room for joint development.
He also mentioned 10 agricultural opportunities. Most of these are in border provinces, making them ideal for Iranian companies. In addition, Iraq listed 10 openings in the healthcare sector and 25 more in housing projects.
The envoy revealed that total investment in Iraq’s free zones and parks may pass $70 billion. He explained that wider Iranian participation could help reduce trade imbalance. This step could also create jobs and improve industrial output in both countries.
Hassan-Zadeh, for his part, welcomed Iraq’s offer. He urged both governments to simplify investment procedures. He also asked for more clear banking guarantees to protect investor funds. According to him, Iran sees joint production and co-investment as top economic goals.
He further stressed the need for legal clarity. Iranian companies want firm ownership rights and stronger legal assurances. Without these, long-term investment becomes difficult. Hassan-Zadeh said trust will grow if rules are clear and fair.
An investment forum is coming soon. Iraq plans to present 140 new projects to international partners. Hassan-Zadeh encouraged Iranian firms to prepare for this event. He believes this forum will help build deeper financial ties between the two nations.
This meeting shows how Iraq continues to welcome foreign investment. It also proves that energy investment opportunities in Iraq remain open to its neighbors.