[size=30]Saudi and Emirati investment projects worth 6 billion dollars in Iraq
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ERBIL (Kurdistan 24) - Iraqi Prime Minister Mustafa Al-Kazemi agreed with Saudi Arabia and the United Arab Emirates on investment projects in Iraq worth more than $ 6 billion.
Al-Kazemi visited Saudi Arabia last week and the United Arab Emirates on Sunday.
Al-Kazemi said during the cabinet session that his visit to the two Gulf states "was successful by all standards and criteria," referring to the agreement on Saudi and Emirati investment projects worth more than six billion dollars.
And the Saudi Press Agency previously quoted a joint statement that the two countries agreed to establish a fund with an estimated capital of three billion dollars, as a contribution from the Kingdom in encouraging investment in Iraq.
She said that the mutual fund "will benefit the Saudi and Iraqi economies, with the participation of the private sector on both sides."
The UAE also announced that it had agreed to invest in Iraq at a value of three billion dollars.