The Iraqi-Saudi Coordinating Council.. A Path Toward Integration
The first 06/03/2023
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Since its first session in 2017, the Iraqi-Saudi Coordination Council has made significant strides in consolidating the foundations of the relationship between the two brotherly countries based on giving priority to the interest of the two peoples and rooting ties between them by creating a more stable environment for development. A path towards economic integration between Iraq and Saudi Arabia that contributes to attracting investment and prosperity to the region.
The Advisor to the Prime Minister for Financial and Economic Affairs, Dr. Mazhar Muhammad Salih, said in an interview with "Al-Sabah" that "the Iraqi-Saudi Coordination Council is an important strategic council for the development of Iraq and the Gulf region, for two reasons, the first of which is that Iraq and Saudi Arabia constitute a major human force in the region, in addition to being They are the owners of the second oil production in the world and the third in terms of oil energy and its storage in the world.
And he noted that "the Kingdom has been stable in recent years and has not been affected by major fluctuations, unlike many countries in the region and the world, and therefore it was able to modernize its economy and conduct a great diversification in it, and the Kingdom has good experiences in the fields of manufacturing, agriculture, digital and banking services, while Iraq is a virgin land." With great energies, the rapprochement between the two countries will generate great economic power.
And he indicated that he "relies on the Iraqi-Saudi Coordinating Council to bring about economic integration between Iraq and the Kingdom of Saudi Arabia, both in the field of modernizing the manufacturing industry and in the field of modernizing the extractive industry - petrochemicals and oil - especially since Saudi Arabia has a long history in this field."
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