Iraq News - Local News - Baghdadpost

Iraq approves draft memo to protect Saudi investments

Saudi ambassador to Iraq Abdul Aziz al-Shammari said that Iraq has approved a draft memorandum of understanding to protect Saudi investments within the Iraqi territory.

There will be fruitful cooperation between Riyadh and Baghdad, where the Iraqi prime minister's office approved such memorandum, Shammari said, affirming that this step is very encouraging for investment.

Iraqi cities are witnessing reconstruction during the coming period, he said, adding that Saudi companies will have an active role there.

The Kingdom will contribute $ 1.5 billion to the reconstruction of Iraq, Shammari said, adding that development projects will be implemented to benefit the Iraqi citizen.
Last Modified: Sunday، 07 April 2019 11:50 PM