Secretary-General of the CoM: Iraqi laws are enough to protect the Saudi
Riyadh – Mubasher: The Secretary-General of the Iraqi Council of Ministers, Hamid Al-Ghazi, said that the Iraqi government supports the Joint Coordination Council with Saudi Arabia; To open a new page in the historical relations between the two brotherly countries.
Al-Ghazi added, during his speech at the Saudi-Iraqi Business Forum, held in Riyadh today, Monday, that the Iraqi government worked to correct the paths to bring about a real economic transformation in a way that supports economic and human development and creates job opportunities for Iraqi citizens.
Al-Ghazi stressed that Iraqi laws are enough to protect the Saudi investor, and negative cases are addressed and resolved, pointing to Iraq’s aspiration to hold the next forum in Baghdad.
He pointed out that among the achievements are the establishment of the Saudi-Iraqi Business Council and the reopening of the new port of Arar, which represents the main commercial gateway between the two countries.
The Secretary-General of the Iraqi Council of Ministers pointed out that the problems facing the port are mostly procedural and routine that can be easily addressed in the near future.
Al-Ghazi said that the pillars of Vision 2030 are a major starting point for the strategic partnership between the two countries.
For his part, the Minister of Commerce and Chairman of the Saudi-Iraqi Coordination Council, Majid Al-Qasabi, said that all the ingredients for growth and prosperity for Saudi-Iraqi economic relations are available, the political will is supportive, and the possibilities and opportunities are great.
Al-Qasabi stressed the need for the business forum to be held on an annual basis and to increase the definition of investment opportunities available in both countries.
Al-Qasabi added that it is important to develop a joint action plan to translate aspirations and hopes into real opportunities that contribute to strengthening trade and investment relations between the two countries.
The Saudi-Iraqi Business Forum witnessed the signing of a number of agreements and memoranda of understanding between the Saudi and Iraqi sides, as well as a review of investment opportunities available in the Kingdom and Iraq.