The Iraqi-Saudi Coordination Council recommends providing financial facilities between the banks of the two countries
Economie Today, 13:22
Baghdad - INA - Medal of Mullah
Today, Monday, the Iraqi-Saudi Coordination Council recommended providing financial facilities between the banks of the two countries, while calling for providing facilities for investment between the two countries.
The head of the Saudi side in the Iraqi-Saudi Coordination Council, Muhammad bin Abdullah Al-Khorayef, said during the Iraqi-Saudi Business Forum held in Riyadh, and attended by the Iraqi News Agency (INA), that "the Iraqi-Saudi Coordination Council initiated and launched many initiatives to promote investments and trade exchange, including the establishment of a data center For opportunities, an initiative to inventory preliminary studies, as well as working on an economic forum between the two countries and an initiative to encourage Saudi investments.
Al-Khorayef called for "facilitating the investment process between the two countries, especially the procedures, in a way that contributes to promoting trade exchange," noting that
"Iraq and Saudi Arabia are neighbors and have a large volume of investment that deserves consideration of opening more than one port for the entry of goods."
He called "Iraqi and Saudi banks to provide financial facilities for communication between them, which will return to great results," pointing out that
"the next stage requires that the private sector have a major role."
Al-Khorayef expressed his hope that "today's meeting will be the beginning of great economic cooperation between the two countries, and bilateral meetings will continue to meet the ambitions."