After a break of 27 Saudi Arabia
is preparing to invest in Iraq

Thursday 2 March 2017 17:36

After a break of twenty-seven years, Saudi Arabia expressed their willingness to invest in Iraq during a visit by its foreign minister, Adel al-Jubeir to Baghdad last week. This desire met with greetings by members of the House of Representatives calling on all Arab countries, including Western and extend a helping hand to Iraq.

In this context, MP Nayef al-Shammari, a member of the House of Representatives, that "there is a large mass ratio sustained in Mosul city center, all the bridges and the University of Mosul, hospitals were completely destroyed and we want to have an attitude to the Arabs and the international community to the reconstruction of these areas."

Foreign Relations Committee, in turn, praised the Saudi tight integration of political and economic relations initiative.

For his part, MP Abbas al-Bayati, a member of the Foreign Relations Committee, welcomed in any country that wants Alasttme, saying: "We welcome any country that wants to invest so it can not be for us to open up politically and economically abstain."

Observers saw that the visit of the Saudi minister to Baghdad came at a time when Iraq needs a regional and international in its war against Daesh in terms of security cooperation and other assistance related to the economic aspect, the fact that the country is going through a severe economic crisis due to falling oil prices, which depends on it entirely.