Iraqi PM sets U.S. visit to drive investment and economic cooperation

Iraqi Prime Minister Ali Falih al‑Zaidi will pay an official visit to the United States, bringing with him a delegation of business leaders, private‑sector representatives and banking officials, in an effort to boost investment and deepen economic ties with Washington. 

Al‑Zaidi announced the trip during a meeting with business leaders, members of private‑sector development bodies, representatives of the Iraqi Economic Council and heads of private banks. He said the inclusion of private‑sector figures reflects the government’s focus on expanding joint investment opportunities and building stronger partnerships with international stakeholders.

The visit comes as Iraq seeks to attract foreign investment and diversify its oil‑dependent economy, while also balancing its relationships with global partners.

Energy cooperation, particularly in oil and gas development, as well as infrastructure investment, is expected to feature prominently in discussions with U.S. counterparts. Officials are also likely to explore concrete agreements and partnerships aimed at boosting economic growth and job creation.

• Iraq’s parliament elects Nizar Amedi as the country’s new president

Al‑Zaidi described the private sector as a key partner in the government’s development agenda, stressing that Baghdad is committed to supporting business activity and addressing investor concerns. He reiterated the government’s pledge to combat corruption and extortion, positioning reform efforts as central to improving Iraq’s investment climate.

The prime minister also announced plans to establish a development fund to support private‑sector projects, backed by a $10 billion contribution from the Central Bank of Iraq. He said citizens would be able to subscribe to the fund, with profits exempt from taxes, in a bid to encourage broader participation in economic growth.

The planned visit underscores Iraq’s push to present itself as a more competitive destination for international business, as the government faces mounting pressure to deliver jobs and reduce reliance on oil revenues. A date has not yet been announced, but it will be the first official foreign visit since al-Zaidi was elected on 1 May 2026. 

Copied