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[size=36]Highlights of the Iraqi-Saudi Investment and Reconstruction Forum[/size]
Economy | 09:41 - 05/04/2019
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Baghdad - Mawazeen News The
activities of the Forum of investment and reconstruction of Iraq, Saudi Arabia, on Wednesday and Thursday, in Fadak al-Rashid in central Baghdad.
A delegation from Saudi Arabia, which included a large number of ministers, businessmen and owners of major Saudi companies, arrived in Baghdad on Wednesday.
The delegation was received at the Baghdad International Airport by the Chairman of the Saudi-Saudi Coordination Council, Deputy Prime Minister for Energy, Oil Minister Thamer Ghadhban, and a number of ministers, officials and heads of economic organizations and unions.
The Saudi delegation, headed by the Minister of Trade and Investment, Majid Abdullah Al-Qasabi, Prince Badr bin Abdullah bin Mohammed, Minister of Culture, in addition to a number of ministers, officials and businessmen from the private sector.
The Iraqi Economic Council said in a statement received by Mawazine News that "among the activities of the Iraqi Saudi Forum, held a meeting of investment and reconstruction of Saudi Arabia, which was held at 7 pm at the Rashid Hotel, attended by a number of representatives of the Iraqi government and a number of businessmen President of the Iraqi Economic Council, Ali Sabeeh, Chairman of the Federation of Iraqi Industries, Ali Sanafi, Chairman of the Federation of Contractors, Hassan Al-Tamimi, Chairman of the Iraqi Federation of Industries, Mr. Ali Al-Tamimi,Federation of peasant associations, Abdul Razak Zuhairi President of the Federation of Chambers of Commerce. Chairman of the Baghdad Chamber of Commerce, Damer Zaidan Mukhlaf, Chairman of the Salahuddin Chamber of Commerce, Aqeel Jumaili, Member of the Iraqi Economic Council, Ghadir Al-Attar Member of the Iraqi Economic Council, member of the Iraqi Economic Council, Taha Mohammed Wajer, member of the Iraqi Economic Council, Thamer Abdullah Dhari, member of the Iraqi Economic Council, Ali Tabar A member of the Iraqi Economic Council, Abdulrahman al-Mashhadani, adviser to the Iraqi Economic Council, in addition to a number of heads of various economic organizations and a number of Iraqi businessmen and women owners of companies in the industrial, agricultural, commercial, energy, banking and investment.
Prince Abdul Aziz Bin Abdul Majid Al Saud Chairman of Future Solutions Company Mohammed Bin Abdullah Al Khareef - CEO of Al Kharayef Group Adel Bin Abdul Mohsen Al Mandil - Chairman of Knowledge Economic City Saleh Bin Nasser Al Suraie - Board Member of Al Sorai Industrial Group Chairman of the Board of Directors of Al-Hamma Holding Company, Mania Bin Saleh Al-Khailawi, CEO of Saleh Al-Khalili Sons Company, Raed Bin Ibrahim Al-Mudbahim, Managing Director and Chief Executive Officer, Mohammed Abdullah Abu Nayan, Ben Rashid Chairman of the Board of Saudi Chambers, Ahmad Al-Omar - Vice President of Joint Projects - SABIC, Anwar Bin Manaa Al-Baiji - Saudi Aramco, Abdulrahman Bin Mohammed Al-Netifi - Saudi Aramco, Abdullah Bin Ali Hamim - Saudi Aramco Company, Abdullah Al Anzi - Company
At the opening of the forum, Adel Al Masoudi, Director General of International Relations at the Ministry of Commerce, delivered a speech welcoming the guests. He pointed out "the importance of developing economic relations and increasing the volume of trade exchange between the two brotherly countries and ways of enhancing bilateral relations to the level of ambition of the Iraqi and Saudi sides. Private sector in the process of economic development ".
Masoudi stressed "the diversity of cooperation between the two countries, both in terms of contributing to investment opportunities or in terms of the rehabilitation and development of existing projects and new projects," expressing his "hope that these projects will receive the attention of the private sector of Saudi Arabia."
For his part, the Executive Chairman of the Group of autumn companies Saudi Arabia, Mohammed bin Abdullah Al-Kharayef, a speech in which he expressed his "sincere thanks to the Prime Minister in Iraq to encourage them and keen interest in trade and investment exchange between the two countries," noting that " Specialized consultancy to discuss investment in Iraq, which came out with recommendations that would work to remove obstacles that may face Saudi and Iraqi investors have raised these recommendations to the Saudi-Iraqi Coordination Council. "
He added: "We look forward to the implementation of recommendations and results are feasible on the ground," expressing his "hope that the meetings continue with the Iraqi side to achieve economic vision in the two countries."
In turn, the head of the Federation of Chambers of Commerce, Abdul Razzaq al-Zuhairi welcomed the speech,
Al-Zuhairi addressed the Saudi delegation by saying, "You are very late in coming to Baghdad." Today
, the president of the Iraqi Economic Council, Ibrahim al-Masoudi (Baghdadi), gave a welcoming speech to the Saudi brothers The participants in the forum, noting that "the Iraqi side is looking to achieve partnerships and not trade (interface)"
He stressed Al-Masoudi, "the existence of many opportunities and many in Iraq for investment," pointing to "the activation of several laws were disabled and stands a barrier to move the wheel of the Iraqi economy" .
He called on the Saudi side to "establish partnerships between the two sides to enter medium projects for investment opportunities, as well as to establish joint agricultural and industrial projects and to establish joint industrial cities on the border with the two countries."
The head of the Iraqi Economic Council, "the need for harmony in the work of economic institutions and promote joint cooperation to reach the stage of economic integration."
The Prime Minister's Advisor, Laith Kubba, delivered a speech welcoming the guests, stressing that "Iraq has overcome the challenges it has faced over the last period and the fundamental transformation of a central state that controls the economy and makes it fully into a modern state that has overcome the challenges due to the constitutional changes it has undergone."
"Iraq is full of real opportunities in all its sectors and extends its hand to its neighbors and brothers in the Gulf region, especially Saudi Arabia, and Iraq looks forward to opening real bridges with the Saudi brothers," Kubba said.
Masdar's Managing Director and Chief Executive Raed bin Ibrahim Al-Mudeih delivered a speech in which he stressed the Kingdom's keenness to build bridges and open the border port between the two countries. It is expected to be completed in October of this year, which will facilitate trade and investment between the two countries. "He said.
"We conducted a study in the business center and the result was that 94% of the businessmen showed their willingness to invest in Iraq," he said.
Prince Abdulaziz bin Faisal bin Abdul Majeed Al Saud, Chairman of the Board of Directors of Future Solutions, thanked Iraqi government officials and businessmen for their "generosity and long-standing relationship." The future solutions company focuses on the scope of public transport and attention to electric power.
At the end of the forum, the Iraqi and Saudi delegations started to introduce themselves and hold side-by-side consultations aimed at strengthening the frameworks and pillars of economic and investment cooperation between the two countries.
activities of the Forum of investment and reconstruction of Iraq, Saudi Arabia, on Wednesday and Thursday, in Fadak al-Rashid in central Baghdad.
A delegation from Saudi Arabia, which included a large number of ministers, businessmen and owners of major Saudi companies, arrived in Baghdad on Wednesday.
The delegation was received at the Baghdad International Airport by the Chairman of the Saudi-Saudi Coordination Council, Deputy Prime Minister for Energy, Oil Minister Thamer Ghadhban, and a number of ministers, officials and heads of economic organizations and unions.
The Saudi delegation, headed by the Minister of Trade and Investment, Majid Abdullah Al-Qasabi, Prince Badr bin Abdullah bin Mohammed, Minister of Culture, in addition to a number of ministers, officials and businessmen from the private sector.
The Iraqi Economic Council said in a statement received by Mawazine News that "among the activities of the Iraqi Saudi Forum, held a meeting of investment and reconstruction of Saudi Arabia, which was held at 7 pm at the Rashid Hotel, attended by a number of representatives of the Iraqi government and a number of businessmen President of the Iraqi Economic Council, Ali Sabeeh, Chairman of the Federation of Iraqi Industries, Ali Sanafi, Chairman of the Federation of Contractors, Hassan Al-Tamimi, Chairman of the Iraqi Federation of Industries, Mr. Ali Al-Tamimi,Federation of peasant associations, Abdul Razak Zuhairi President of the Federation of Chambers of Commerce. Chairman of the Baghdad Chamber of Commerce, Damer Zaidan Mukhlaf, Chairman of the Salahuddin Chamber of Commerce, Aqeel Jumaili, Member of the Iraqi Economic Council, Ghadir Al-Attar Member of the Iraqi Economic Council, member of the Iraqi Economic Council, Taha Mohammed Wajer, member of the Iraqi Economic Council, Thamer Abdullah Dhari, member of the Iraqi Economic Council, Ali Tabar A member of the Iraqi Economic Council, Abdulrahman al-Mashhadani, adviser to the Iraqi Economic Council, in addition to a number of heads of various economic organizations and a number of Iraqi businessmen and women owners of companies in the industrial, agricultural, commercial, energy, banking and investment.
Prince Abdul Aziz Bin Abdul Majid Al Saud Chairman of Future Solutions Company Mohammed Bin Abdullah Al Khareef - CEO of Al Kharayef Group Adel Bin Abdul Mohsen Al Mandil - Chairman of Knowledge Economic City Saleh Bin Nasser Al Suraie - Board Member of Al Sorai Industrial Group Chairman of the Board of Directors of Al-Hamma Holding Company, Mania Bin Saleh Al-Khailawi, CEO of Saleh Al-Khalili Sons Company, Raed Bin Ibrahim Al-Mudbahim, Managing Director and Chief Executive Officer, Mohammed Abdullah Abu Nayan, Ben Rashid Chairman of the Board of Saudi Chambers, Ahmad Al-Omar - Vice President of Joint Projects - SABIC, Anwar Bin Manaa Al-Baiji - Saudi Aramco, Abdulrahman Bin Mohammed Al-Netifi - Saudi Aramco, Abdullah Bin Ali Hamim - Saudi Aramco Company, Abdullah Al Anzi - Company
At the opening of the forum, Adel Al Masoudi, Director General of International Relations at the Ministry of Commerce, delivered a speech welcoming the guests. He pointed out "the importance of developing economic relations and increasing the volume of trade exchange between the two brotherly countries and ways of enhancing bilateral relations to the level of ambition of the Iraqi and Saudi sides. Private sector in the process of economic development ".
Masoudi stressed "the diversity of cooperation between the two countries, both in terms of contributing to investment opportunities or in terms of the rehabilitation and development of existing projects and new projects," expressing his "hope that these projects will receive the attention of the private sector of Saudi Arabia."
For his part, the Executive Chairman of the Group of autumn companies Saudi Arabia, Mohammed bin Abdullah Al-Kharayef, a speech in which he expressed his "sincere thanks to the Prime Minister in Iraq to encourage them and keen interest in trade and investment exchange between the two countries," noting that " Specialized consultancy to discuss investment in Iraq, which came out with recommendations that would work to remove obstacles that may face Saudi and Iraqi investors have raised these recommendations to the Saudi-Iraqi Coordination Council. "
He added: "We look forward to the implementation of recommendations and results are feasible on the ground," expressing his "hope that the meetings continue with the Iraqi side to achieve economic vision in the two countries."
In turn, the head of the Federation of Chambers of Commerce, Abdul Razzaq al-Zuhairi welcomed the speech,
Al-Zuhairi addressed the Saudi delegation by saying, "You are very late in coming to Baghdad." Today
, the president of the Iraqi Economic Council, Ibrahim al-Masoudi (Baghdadi), gave a welcoming speech to the Saudi brothers The participants in the forum, noting that "the Iraqi side is looking to achieve partnerships and not trade (interface)"
He stressed Al-Masoudi, "the existence of many opportunities and many in Iraq for investment," pointing to "the activation of several laws were disabled and stands a barrier to move the wheel of the Iraqi economy" .
He called on the Saudi side to "establish partnerships between the two sides to enter medium projects for investment opportunities, as well as to establish joint agricultural and industrial projects and to establish joint industrial cities on the border with the two countries."
The head of the Iraqi Economic Council, "the need for harmony in the work of economic institutions and promote joint cooperation to reach the stage of economic integration."
The Prime Minister's Advisor, Laith Kubba, delivered a speech welcoming the guests, stressing that "Iraq has overcome the challenges it has faced over the last period and the fundamental transformation of a central state that controls the economy and makes it fully into a modern state that has overcome the challenges due to the constitutional changes it has undergone."
"Iraq is full of real opportunities in all its sectors and extends its hand to its neighbors and brothers in the Gulf region, especially Saudi Arabia, and Iraq looks forward to opening real bridges with the Saudi brothers," Kubba said.
Masdar's Managing Director and Chief Executive Raed bin Ibrahim Al-Mudeih delivered a speech in which he stressed the Kingdom's keenness to build bridges and open the border port between the two countries. It is expected to be completed in October of this year, which will facilitate trade and investment between the two countries. "He said.
"We conducted a study in the business center and the result was that 94% of the businessmen showed their willingness to invest in Iraq," he said.
Prince Abdulaziz bin Faisal bin Abdul Majeed Al Saud, Chairman of the Board of Directors of Future Solutions, thanked Iraqi government officials and businessmen for their "generosity and long-standing relationship." The future solutions company focuses on the scope of public transport and attention to electric power.
At the end of the forum, the Iraqi and Saudi delegations started to introduce themselves and hold side-by-side consultations aimed at strengthening the frameworks and pillars of economic and investment cooperation between the two countries.
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