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The Minister of Industry and Minerals Mohammed Shiaa al-Sudani discussed with the delegation of SABIC Saudi Arabia on Wednesday ways to support and strengthen economic relations between Iraq and Saudi Arabia and opportunities for cooperation and investment to implement joint industrial projects in various fields, especially the petrochemical, iron and steel industries and fertilizers.
"The SABIC delegation included Talaat Bin Dhafer, Vice President for Kingdom, Middle East and North Africa, Director of Global Investment Management Turki Al Madi, Zuhair Al Zwad, Chief Engineer of Hadid, Ahmed Al Khudairi, Director General of the Office of the Minister of Industry and Minerals, SABIC in Lebanon and Abdul Karim Al Tamimi, General Manager of the company's office in Iraq. "
The meeting reviewed the latest developments in the petrochemical industries, concessions and facilities provided to help clarify the picture on the Saudi side, as well as discussing means of cooperation in the iron and steel industry and other topics of mutual interest.
"The Iraqi government is keen to achieve economic partnership with the brothers," he said. "It is necessary to start a practical step that will start and establish promising projects between the two countries within the framework of the Saudi-Saudi coordination council and the understandings reached in the energy committee within the council."
Al-Sudani pointed out that "there are wide horizons for joint cooperation in various industrial fields, especially the petrochemical industry, which could be the start of many other projects between the two brotherly countries, stressing the possibility of benefiting from the experiences and successful Saudi experiences in this field."
For his part, SABIC's delegation expressed keenness to work in Iraq and its readiness to cooperate with the companies of the Ministry of Industry and Minerals during the coming period, and expressed full readiness to exchange experiences and implement real projects and investments in the fields available and in the interest of both countries.
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