Iraq's Ambassador to Saudi Arabia Qahtan Khalaf revealed Tuesday that the two countries will sign 13 agreements during the visit of Prime Minister Adil Abd al-Mahdi to Riyadh.
Khalaf referred to the visit of a high-level Saudi delegation headed by Minister of Trade Majid al-Qasabi, as a representative of the Saudi-Iraqi coordination council to Baghdad, saying that it is considered to be a strong foundation for relations between Iraq and the Kingdom.
Saudi Arabia will construct a sports city for the people of Iraq as a gift from Custodian of the Two Holy Mosques King Salman. The Kingdom will also provide a grant amounting to $1 billion to Iraq in order to contribute to its development, and by which the Kingdom would be a key partner in the reconstruction of Iraq.
Khalaf pointed out that masses of people in an Iraqi stadium appeared in a video clip while welcoming the Saudi delegation that was present to choose the location of the sports city in Baghdad.
He said that this shows Iraqi people's appreciation for this donation of King Salman of Saudi Arabia.
The Iraqi Cabinet a few days ago approved a draft agreement to promote and protect investment between the governments of the two countries, which will help the development of relations between the two sides, Khalaf said.
He also revealed that Iraq offered 186 investment opportunities to the Saudi investors and the private sector in the Kingdom.