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[size=32][rtl]Signing economic agreements between Iraq and Saudi Arabia[/rtl]
January 24, 2022
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Riyadh - time
Yesterday, Monday, the Iraqi-Saudi Business Forum kicked off in the capital, Riyadh, and witnessed the signing of a number of agreements and memoranda Understanding between governmental and private agencies of the two countries. And
On Monday, the Saudi economic advisor, Eid Al-Eid, revealed that the volume of trade exchange between his country and Iraq has begun It has improved over the past years and will continue to increase in the future, stressing that the numbers reflect the volume of investment opportunities between the two countries . And
The areas of cooperation are still below the acceptable level between the two leading oil countries in OPEC. And
The Saudi advisor said, in a statement to the Russian "Sputnik" agency, that the statistics indicate that the volume of exchange Trade between Saudi Arabia and Iraq in 2020 increased by 155, equivalent to 3.88 1 billion riyals ($1.34 billion). And
He indicated that the volume of trade exchange for 2019 amounted to about 3.41 billion riyals (909 million dollars). , distributed between 3.37 billion riyals ($898 million) and 41.6 million Saudi exports Riyals (11 million dollars) are Iraqi exports, which means that Iraq ranks eleventh Among the Arab countries in the volume of trade exchange with the Kingdom of Saudi Arabia. And
Eid believes that the numbers do not reflect the size of the opportunities available between the two countries, especially in light of Iraq's great needs For infrastructure projects, goods and services, which the Kingdom is characterized by being widely available, whether through Saudi companies The major ones, or through Saudi goods that are characterized by quality and easy access to Iraq at the lowest costs because there are borders common between them. And
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