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Historic UK Visit Boosts Iraq’s Global Standing in Risk Assessments
Prime Minister Mohammed Shia Al-Sudani’s official visit to the United Kingdom has yielded significant achievements, most notably the removal of Iraq from the red list in risk assessments, signaling a positive shift in the country’s investment environment.
On the second day of his pivotal visit, following the signing of a historic strategic agreement with the UK, Al-Sudani held extensive meetings with British officials and executives from leading corporations. These discussions aimed to strengthen cooperation, open investment channels, and attract substantial capital to Iraq.
One of the major breakthroughs came when Shell, the global energy giant, announced its intention to increase investments in Iraq. Additionally, a leading British defense company expressed its readiness to establish a production line within the country—a step warmly welcomed by Al-Sudani.
The Prime Minister met with representatives of 24 major British companies from various sectors, reaffirming Iraq’s commitment to providing a conducive and attractive investment climate. “Iraq’s investment environment and business opportunities are now open and appealing for diverse developmental and investment activities,” he stated.
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Adding to this momentum, Basra Governor Asaad Al-Eidani, part of the Iraqi delegation, announced that Iraq’s investment risk assessment had shifted from the red list to the orange category. Speaking to Al-Iraqiya News, Al-Eidani described this transition as a “significant achievement.”
During a gathering with British officials, business leaders, and representatives of Vodafone, Al-Sudani shared a compelling update: “The volume of Arab and foreign investments in Iraq reached $63 billion between 2023 and 2024. This reflects Iraq’s growing stability and its appeal as a destination for global investors.”
He added, “We are delighted that Iraq has moved from the red to the orange and yellow categories in risk evaluations. Our goal is to reach the green list, signaling a secure and stable investment environment.”
Reflecting on Iraq’s improving reputation, he recounted an experience involving Vodafone representatives. Initially hesitant about the country’s safety, they were encouraged to explore Baghdad independently. The visit left a positive impression, showcasing a stable reality across Iraq, not just in the capital.
