Wednesday, April 14, 2021

Iraqi PM agreed on Saudi, UAE investment projects in Iraq, with value exceeding $6 billion: agency

© Reuters. Iraq’s Prime Minister Mustafa al-Kadhimi looks on as he wears a face mask at the central station processing plant at Rumaila oilfield in Basra

CAIRO (Reuters) – Iraq’s prime minister agreed with Saudi Arabia and the on projects in Iraq, worth more than $6 billion, Iraq state news agency said on Tuesday.

Prime minister Mustafa al-Kadhimi visited Saudi Arabia last week and the on Sunday. Saudi Arabia and Iraq agreed to establish a joint fund, with an estimated capital of $3 billion, as a contribution from the kingdom in promoting investment in Iraq’s economic fields, Saudi state news agency (SPA) reported on Wednesday.

Source: Investing.com

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