FSC: Iraqi-Saudi electric connection will make them as a united country

Economy
  • 24-01-2022, 22:49
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    INA - BAGHDAD

    Federation of Saudi Chambers of Commerce - FSC confirmed on Monday, that there are calls to open more border crossings with Iraq and investment opportunities in 7 sectors, noting that the electrical connection will make the two countries as one country.

    ”The Saudi private sector is optimistic and is fully confident in the great support of the Iraqi-Saudi political leaders to develop and support the economy and investment, as there is a confirmed desire between the private sectors in the two countries," said the head of the union, Ajlan Abdul Aziz Al-Ajlan, to the Iraqi News Agency (INA).

    He noted that "there is tremendous opportunities exist in Iraq and Saudi Arabia, and a common interest for the two countries to develop these relations,”

    "We count on the private sectors to develop relations, and there are ongoing meetings to overcome all challenges," Al-Ajlan added, stressing "the need to invest in available opportunities,”

    He pointed out that "there is a call to open more border crossings between the two countries," noting that "the officials in Iraq and Saudi Arabia have expressed their desire to solve the problems, which is a matter of happiness because the leaders in Iraq and Saudi Arabia support this trend,”

    "The rate of trade exchange between the two countries, which amounted to 15% during the past year, is considered an important percentage," he explained, expecting that "the percentage will double by following up on the private sectors and with the support of political leaders,”

    He continued, "The Saudi Minister of Commerce confirmed that the Crown Prince informed him that he would be responsible for the file of cooperation with the Iraqi side, and this made us happy, as we affirm that whatever the obstacles, the will is to solve them, and this gives faith that there are enormous opportunities that Iraq and Saudi Arabia should benefit from,"

    ”There are investments in all fields, including seven in water, energy, food, manufacturing, trade, entertainment and tourism, as the electrical connection soon will make Iraq and Saudi Arabia one country," he noted, adding "Iraq has areas for growth, success and attraction for international companies because it is a country with great wealth in addition to common ties between the two countries,”