Saudi Arabia to Invest $3 Billion in Iraq

SHAFAQNA Türkiye– A $3 billion Saudi-Iraqi Investment Company was established.

He stated that Khalid al-Falih, Saudi Arabia’s investment minister, gave information on the matter with reference to Al-Arabiya.

According to him, in the near future the company will start its activities in Iraq and will be engaged in the implementation of strategic projects in this country.

Falih added that $1.5 billion will be invested in import and export development and project financing between the two countries, $1 billion will be invested in the reconstruction of Iraq and $500 million will be invested in mutual trade.

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