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The Saudi-Iraqi Business Council estimates the volume of trade exchange between the two countries at 5 billion riyals.
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[rtl]Baghdad / NINA / The Saudi-Iraqi Business Council estimated the volume of trade exchange between the two countries at 5 billion riyals, with an annual growth of 12%.
The Federation of Saudi Chambers stated in a statement today, Tuesday, that "Iraq is preparing to propose a law to protect Saudi-Iraqi investment and discuss it before Parliament in preparation for its approval in the coming few months, to enhance economic cooperation between the two countries.
Saudi Arabia signed a partnership agreement with Iraq in December of last year in the field of private sector industrial investments, while the Saudi ambassador confirmed the existence of many investment opportunities that are being studied.
Last November, the Saudi Minister of Investment announced that Saudi Arabia is studying the launch of the first free economic zone with Iraq in the border area in Arar, expressing his hope that the zone will be the first free economic zone with a neighboring country without taxes, fees or entry visas to serve investors in both countries. / End 11[/rtl]
The Federation of Saudi Chambers stated in a statement today, Tuesday, that "Iraq is preparing to propose a law to protect Saudi-Iraqi investment and discuss it before Parliament in preparation for its approval in the coming few months, to enhance economic cooperation between the two countries.
Saudi Arabia signed a partnership agreement with Iraq in December of last year in the field of private sector industrial investments, while the Saudi ambassador confirmed the existence of many investment opportunities that are being studied.
Last November, the Saudi Minister of Investment announced that Saudi Arabia is studying the launch of the first free economic zone with Iraq in the border area in Arar, expressing his hope that the zone will be the first free economic zone with a neighboring country without taxes, fees or entry visas to serve investors in both countries. / End 11[/rtl]
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