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Economy News / Baghdad
Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, confirmed today, Tuesday, that Iraq is seeking 25 Gulf investments as an occasion for the gathering of Gulf brothers in Iraq.
The ministry stated, in a statement, that "Hussein met with the Saudi Foreign Minister, Prince Faisal bin Farhan Al Saud, on the sidelines of the Davos World Economic Forum meetings."
The statement added, "The meeting discussed bilateral relations between the two brotherly countries, in addition to discussing the regional situation in the Gulf region and the Middle East."
The minister began the meeting by "expressing the depth of relations between Iraq and the Kingdom of Saudi Arabia, stressing Iraq's endeavor to strengthen Gulf relations in general and Iraqi-Saudi relations in particular, because of their strategic importance for Iraq."
He explained, "Iraq seeks to invest in non-traditional diplomacy in the Gulf 25, which is currently being organized in the city of Basra as an occasion that brings together the Gulf brothers in Iraq."
For his part, the Saudi Foreign Minister expressed his thanks for "providing this opportunity for the purpose of discussing and exchanging views on Iraqi-Saudi relations and the latest current events in the region. He also expressed the Kingdom of Saudi Arabia's support for the Iraqi government's efforts aimed at promoting democracy and prosperity for Iraq."
He stressed that "Iraq's geographical location and available resources make it an important pillar in the region and enhance the role it can play regionally."
He pointed out, "We must work to strengthen economic relations between the two countries, and that Saudi companies are ready to invest in the Iraqi economy."
Views 17Added 01/17/2023 - 3:56 PMUpdated 01/17/2023 - 4:16 PM[You must be registered and logged in to see this link.]