Al-Qasabi: The Saudi-Iraqi Coordination Council will contribute to the establishment of joint projects

Saudi Arabia's Minister of Trade and Investment, Majid bin Abdullah al-Qasabi, said Tuesday that the decision of the Council of Ministers to approve the minutes of the establishment of the Saudi-Iraqi Coordination Council enhances the chances of trade exchange and mutual cooperation to improve relations between the two countries.

"The resolution reflects the Kingdom's keen desire to open all areas of cooperation with Iraq to serve the interests of the two brotherly countries," Al-Qassabi told the Saudi Press Agency. "This cooperation will contribute to establishing joint projects between our two brotherly countries, .

"The Iraqi people and the people of Saudi Arabia are one social fabric and a common cultural heritage, which are intertwined with the bonds of blood, closeness and neighborliness," said al-Qasabi, who heads the coordinating council and a number of ministers from related parties.

The council aims to enhance communication between the two countries at the strategic level, deepen mutual political trust and open up new horizons of cooperation in various fields including economic, development, security, investment, tourism, culture and media.

He added that the council aims to enhance joint cooperation between the two sides in important international and regional affairs, protect common interests and develop the partnership between the private sector in the two countries and allow businessmen to identify trade and investment opportunities.

The Minister of Trade and Investment pointed out that "the next phase of the economic and trade relations between the Kingdom and Iraq will witness great cooperation that contributes to increasing trade exchange and provides investment opportunities in all fields, foremost of which are commercial, agricultural and industrial fields." Impediments to investment ".

"The meetings held during the last period between the officials of the two countries reflect the serious desire to enhance cooperation," he said, adding that the Iraqi side expressed its keenness to provide a safe investment environment and provide more incentives for Saudi investments in Iraq. Procedures for foreign investment through incentive laws and an attractive environment ".

The Saudi cabinet, chaired by Saudi Arabia's Deputy King Mohammed bin Salman, agreed on Monday to set up a Saudi-Iraqi coordination council

https://economy-news.net/content.php?id=8664