Learn about joint projects between Iraq and Saudi Arabia after the establishment of the Coordinating

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Alsumaria News / Baghdad
Iraqi-Iraqi relations have entered a new phase of cooperation and coordination, after the two countries signed yesterday the minutes of the establishment of the Saudi-Iraqi Coordination Council and the first meeting of the Council. 

According to the newspaper Asharq Al-Awsat, "the two sides agreed to open border ports, develop ports and roads, develop agricultural investments, partnership between the private sector, review customs cooperation agreement between the two countries and study a trade exchange area."

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  [You must be registered and logged in to see this image.]Iraq and Saudi Arabia formally sign the establishment of the Coordinating Council
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  [You must be registered and logged in to see this image.]Iraq reveals intentions to open a Saudi consulate in Basra and a second land port between the two countries
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"It was agreed to develop the partnership between the private sector in the two countries, to allow businessmen to learn about trade and investment opportunities, to adopt effective means to help them exploit them, and to encourage exchange of technical and scientific expertise and scientific research between the two countries," the paper said. 

The newspaper said that "the Saudi side will study the possibility of cooperation in the rehabilitation of the road Jamema - Samawa, and completion of the implementation of the road pilgrimage in Anbar province , and study the technical and economic feasibility of the project of Saudi-Iraqi electricity connection, in addition to the study of the implementation of customs outlets, which will contribute to facilitate trade exchange between the two countries. "He said.

"The two countries reached an agreement on the opening of border ports and the development of ports, roads and border areas, and agreed to review the agreement on customs cooperation between the two countries and study the trade exchange between the two countries," adding that "the re-operation of airlines from Saudi Arabia to Iraq , And the reopening of the office of SABIC in Iraq. The two sides also agreed to obtain a license to invest in Iraq in the agricultural field of the Investment Authority Anbar, Iraq Not to benefit the Kingdom of Saudi Arabia from the economic cities available in Iraq to be an agricultural source and industrial contribute to the promotion of agricultural investment to achieve food security of the two countries.

The newspaper said that "the two countries also agreed on the participation of Saudi Arabia in exhibitions in Iraq, including the Baghdad International Fair, the exhibition of Basra oil and gas specialist, in addition to the establishment of business and investment forum, which brings together Saudi businessmen with their Iraqi counterparts," noting that " The Council for the next two years, and the governance of its work, and the formation of a working team of the parties to study, and agreed to hold the second meeting of the Council in Baghdad in the presence of ministers and senior officials of both countries. 

The office of Prime Minister Haider al-Abadi said Sunday that Iraq and Saudi Arabia had formally signed the establishment of a coordination council between the two countries, following Abadi's visit to Saudi Arabia yesterday as part of a regional tour that also included Egypt and Jordan.[/size]

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