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Iraq offers diversified and "promising" investments to Saudi Arabia

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Iraq offers diversified and "promising" investments to Saudi Arabia

   Time: 2020/10/01 20:33:56    Read: 2,145 times

{Baghdad: Al Furat News}
Iraq offered "promising" investments and projects to Saudi Arabia.

A statement by the Ministry of Commerce stated, "Al Furat News Agency received a copy of it," The Minister of Trade, Alaa Ahmed Al-Jubouri, met today, Thursday, in his office, the Ambassador of the Kingdom of Saudi Arabia to Iraq, Abdul Aziz bin Khaled Al-Shammari, to discuss ways to enhance and develop prospects for economic cooperation and increase the volume of trade exchange and discuss a number of Of the files and issues of common interest between the two brotherly countries."

During the meeting, Minister Al-Jubouri affirmed, "Iraq's keenness and sincere desire to increase cooperation and open new horizons and channels of communication with the Kingdom of Saudi Arabia to upgrade the level of economic cooperation and joint trade relations that bring the two countries together to achieve common interests."

He noted that "The government of Iraq is looking forward to building an integrated and diversified economy to open new outlets and revenues alongside the oil sector, by exploiting investment opportunities and promising projects, and benefiting from the expertise and experiences of neighboring countries, including Saudi Arabia.

The Minister of Trade pointed out to "the depth of the close brotherly relations that bind Iraq and Saudi Arabia, which constitute an incentive for the two countries to strengthen joint cooperation and develop relations at the economic, commercial and investment levels."

He stated, "Organizing the trade policy file is the entry gate for economic development within the country, which comes in line with the government’s direction to prepare the appropriate climate to attract more investments to achieve this.

On his part, the Saudi ambassador congratulated the Minister of Trade on taking over the ministry’s duties, stressing the Kingdom’s desire to support Iraq," And cooperation at all levels and enter into promising investment and commercial projects in a way that achieves mutual interests."

At the end of the meeting, the two sides agreed on the desire to exchange experiences and trade information that would contribute to more cooperation.

Ammar Al-Masoudi

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