Iraqi Prime Minister Mohammed Shia al-Sudani and British Prime Minister Keir Starmer have unveiled a trade and investment package valued at up to GBP 12.3 billion ($14.98 billion) alongside a bilateral defence agreement.
The trade package includes several key projects:
- A GBP 1.2 billion initiative utilising British-made power transmission systems for a grid interconnection between Iraq and Saudi Arabia.
- A GBP 500 million plan to upgrade the Al-Qayyarah air base in northern Iraq.
- A water infrastructure project led by a UK consortium, valued at up to GBP 5.3 billion, aimed at providing clean water in southern and western Iraq.
The defence agreement aims to establish a new era of security cooperation between the two nations. Prime Minister Sudani noted that this deal would enhance bilateral military ties.
These developments were announced during Prime Minister Sudani’s official visit to the UK on January 13, 2025.
