MOP: The Saudi side has a great desire to open broad prospects for cooperation with Iraq

Baghdad - INA

 Minister of Planning Khaled Battal affirmed that there is a great desire on the Saudi side to open wide horizons of cooperation with Iraq, while noting that a number of agreements will be signed between the two countries, after their approval by the House of Representatives.

 The Ministry of Planning stated in a statement received by the Iraqi News Agency (INA), today, Thursday, that the Minister of Planning, Khaled Battal Al-Najm, chaired the first meeting of the Economic, Trade, Investment, Development and Relief Committee, emanating from the Iraqi-Saudi Coordination Council.

 He added that Minister Battal Al-Najm reviewed at the beginning of the meeting the positive results of the Iraqi delegation’s visit to the Kingdom of Saudi Arabia for the period from July 19-20.

 He indicated that the Saudi side has a great desire to open wide horizons of cooperation with Iraq in various commercial, investment, industrial, agricultural and service fields, indicating that Iraq welcomes this constructive positive cooperation and is ready to provide the best conditions for its success, pointing to the importance and role of the private sector  In the two brotherly countries, in achieving more joint investment.

 He stressed that the visit of the Iraqi delegation to Riyadh resulted in the signing of a number of memoranda of understanding in the areas of standardization and quality control, and the financing of a group of projects from the Saudi soft loan to Iraq, which amounted to one billion dollars.

 Al-Najm pointed out that there are a number of agreements that will be signed between the two countries, after their approval by the House of Representatives, and that the Iraqi side will present a set of proposals to the Saudi side, which include the possibility of financing the stalled projects, including, the completion of housing complexes and service projects, in  The sectors of health, education, water and sewage.