Iraqi Prime Minister Ali al-Zeydi and German Chancellor Friedrich Merz held a phone call on Wednesday to deepen economic cooperation between the two countries. During the call, the idea of creating a joint investment fund to support the development of Iraqi industry was discussed.
According to a statement from the Iraqi Prime Minister's Press Office, Prime Minister al-Zeydi expressed that his country wants to expand its balance of payments and that they desire German companies to invest in Iraq. Al-Zeydi stated that his government is working to establish a joint fund, financed by the German side, for projects to develop Iraqi industry.

The Iraqi Prime Minister emphasized that his government is determined to combat all forms of corruption and continues to make Iraq an open and promising investment environment for economic diversification. He noted that Germany is an important economic partner and continues its support for Iraq.
German Chancellor Friedrich Merz, for his part, expressed his country's desire to strengthen cooperation with Iraq in various fields. While inviting al-Zeydi to Germany, Merz stated that he supports the Iraqi government's economic and financial reform efforts and that German companies are ready to invest in Iraq.
Iraq aims to expand its economic partnerships with European countries, especially Germany, attract foreign investments, and support development and reform projects. In this context, cooperation on common issues such as migration is also planned to be strengthened.