Trade: MoUs with Saudi Arabia will increase investment space
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The Ministry of Commerce confirmed on Tuesday that memorandums of understanding with Saudi Arabia will increase investment space in Iraq for various ministries and sectors.
"The agreement with the Saudi minister of trade during the last visit to Riyadh was based on the joint work program and resulted in successful results, which summarized the recommendations of the Coordination Council," Iraqi Trade Minister Mohammad Hashim al-Ani said in an interview with the official Iraqi News Agency (INA). To increase the volume of trade exchange with Saudi Arabia and increase investment areas in Iraq for various ministries and sectors. "
He added that "the agreement with the Saudi side included the signing of 13 memorandums of understanding, including the ministries of oil and education and the Ministry of Sports, Youth, Culture and Finance and other ministries and the private sector in addition to investing Saudi funds in factories and laboratories in Iraq."