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Saudi Arabia expresses its desire to establish industrial projects in Iraq
13/1/2018 12:00 am [rtl]In a bilateral meeting, al-Sudani gathered with her ambassador Baghdad / Follow-up Hussein Thugb The Minister of Industry and Minerals Mohamed Shiaa Al-Sudani and the Ambassador of the Kingdom of Saudi Arabia to Iraq Abdul Aziz Bin Khalid Al-Shammari discussed means of expanding the horizons of industrial cooperation between the two countries and encouraging investment. "The importance of increasing cooperation and open new horizons and channels of communication between Iraq and Saudi Arabia to improve the level of relations between the two countries and in order to achieve the common interests of their peoples, where the two countries link historical relations and all levels, noting that Iraq and Saudi Arabia have their economic weight in the region and significantly" . He stressed that the ministry aims to open up to the private sector for the purpose of concluding partnership agreements under the Companies Law, which allowed government companies to contract with Arab and foreign companies in accordance with the directives in line with the general government orientation to create the appropriate environment for attracting foreign investments, in the country" . My footsteps are confident President of the Chamber of Commerce and Industry, Saudi Arabia Joint Firas Al-Hamdani, stressed the need to intensify visits between the delegations of the two countries to discuss the mechanisms of cooperation from all parties and at a safe pace, in light of the great desire between the two governments to expand cooperation at all levels and the most important economic cooperation. He pointed out in an interview with Al Sabah that "openness to the Kingdom represents a new gateway for joint action at the regional level, especially that the return of Iraq to the Arab House represents a gateway to achieve integration and strengthen the economies of the region to the existence of a large workload in Iraq, Requires a large and large scale of work, as the Chamber looks forward to adopting plans aimed at broad strategic cooperation. " "The continuous visits of the delegations of the two countries represent an important step for the restoration of cooperation and confirm the great desire to start a new phase of relations that could contribute to the great benefit to Saudi Arabia," Hamdani said. For his part, Saudi Ambassador Abdul Aziz bin Khalid al-Shammari, "the desire of his country to cooperate and develop bilateral relations with Iraq in various fields and work alongside Iraqi companies to contribute to the development of the industrial sector through partnership or investment, expressing the desire of Saudi businessmen to establish new projects in Iraq, Expressing the hope that this meeting will contribute to the development of the future of bilateral relations between the two countries. " Economic vitality in turn , competent economic affairs Qasim Bahadli noted that " the integration of Iraq economically and Saudi Arabia would bring great benefit to the two countries, and contribute to change the shape of the region 's economies and affect the international market, where the region will be more economic vitality and become a global market." He said: "Iraq has the elements of the success of achieving economic advancement, which facilitates the process of cooperation and achieve positive results in a short period," noting that "the importance of the local private sector will emerge strongly in the next phase as the responsibility of managing the national economy." Energy and Industry Sudanese expressed his "support and encouragement to enter Saudi companies wishing to work in Iraq, especially in the fields of energy and industry," pointing out that "discussions were held with SABIC to enter into investment in the field of phosphate fertilizers and petrochemicals in addition to mineral investment because of Iraq's possession of minerals is the largest In the region. " New understandings The meeting also discussed the formation of a joint economic coordination council covering all industrial fields, both public and private, to allow Saudi businessmen to invest in Iraq, which would be a step to create new understandings and translate into real partnership. It is hoped that the council will include representatives of chambers of commerce in both countries. . A large Saudi delegation of 60 companies participated in the last Baghdad International Exhibition, and 20 Saudi companies specialized in oil, gas, energy and logistics, including the oil giant Aramco and other companies with an international oil presence participated in the previous Basra International Fair.[/rtl] [rtl][You must be registered and logged in to see this link.] [/rtl] |
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