The President of the Republic urges Saudi businessmen to invest in Iraq
Second and third 11/14/2023
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Yesterday, Monday, President Abdul Latif Jamal Rashid stressed the importance of enhancing cooperation and coordination between Iraq and Saudi Arabia in the commercial, industrial, energy and environmental fields, urging Saudi businessmen to invest in the encouraging opportunities in Iraq.
A presidential statement stated, “The President of the Republic received the Saudi Minister of Commerce, Chairman of the Saudi-Iraqi Coordination Council, Majid Al-Qasabi, and a group of Saudi businessmen.”
According to the statement, Rashid stressed “the importance of cooperation and coordination between Iraq and Saudi Arabia in the commercial, economic, industrial, energy and environment fields, and benefiting from the expertise, experiences and capabilities of the two countries.”
He pointed to "the depth of relations between the two countries, and the religious, national, social and cultural ties between the two peoples," praising "Saudi Arabia's role in the region and its keeping pace with the development and progress the world is witnessing."
The President of the Republic reviewed, “The complex and difficult circumstances that Iraq has experienced over the past years of wars, sanctions, and terrorism, and the significant effects they have had on infrastructure and services,” indicating that “today the country is witnessing a different reality in terms of security stability, service provision, and the start of strategic projects.”
Rashid urged "Saudi businessmen to invest in the encouraging opportunities in Iraq and enter the Iraqi market," pointing out that "the government is determined to provide facilities to investors and businessmen in order to encourage them and benefit from investment opportunities in the country."
For his part, the Saudi minister stressed the Kingdom’s keenness to maintain and develop relations between the two countries and expand the horizons of cooperation to serve common interests, pointing to the social and historical ties that bind the Iraqi and Saudi peoples.
He explained, "Businessmen in Saudi Arabia, through the Saudi-Iraqi Coordination Council, are making unremitting efforts to overcome some of the procedures, and there is communication and meetings being held between Iraqi and Saudi businessmen in order to enhance cooperation between the two sides."
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