Saudi Arabia allocates 1.5 billion dollars to build a sports city in Baghdad


Iraqi fans. “Reuters”
 money and business

Economy News Baghdad

Saudi Arabia has allocated $ 1.5 billion to build an integrated sports city in Baghdad.

A source in the Ministry of Youth and Sports in a statement quoted by the agency “Alsumaria News” and viewed by “economy News”, “Saudi Arabia has allocated $ 1.5 billion to build an integrated sports city south of Baghdad.”

“The sports city will be built near Alwa al-Rasheed south of the capital as a gift from the Kingdom to Iraqi sports.”

The source, who preferred not to be named, that “the amount is in the Saudi embassy in Baghdad and there is only left administrative procedures to start building the sports city.”

It is noteworthy that the Iraqi Foreign Minister Ahmed Mahjoub said earlier that relations with Saudi Arabia is improving over 14 years, in the development of relations towards the opening of economic prospects between the two countries, especially on the subject of electricity and energy.

http://economy-news.net/content.php?id=14205

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